Last checked at 17 May 2016 07:00
M&C SAATCHI plc announces Board changes:
The Board is pleased to announce its intention to appoint Sir Michael Charles Gerrard Peat, 66, as a non-executive Director following our AGM on 8th June 2016. On appointment, Michael will chair M&C Saatchi's Audit committee.
Michael Peat was a partner at KPMG from 1985 to 1993 before joining the Royal Household. Positions held in the Household included Director of Finance and Property Services, Keeper of the Privy Purse and Treasurer to The Queen, Receiver General of The Duchy of Lancaster, Principal Private Secretary to The Prince of Wales and Duchess of Cornwall and chairman of The Prince's Charities Foundation. He retired from the Royal Household in 2011.
Adrian Martin, a Non-Executive Director, has informed the Board of his intention not to stand for re-election at the next AGM. Adrian has been a member of the Board since the company floated on 7 July 2004.
In accordance with Schedule Two paragraph (g) of the AIM Rules for Companies, the following information in relation to the appointment of Michael Peat is disclosed:
Michael holds or has held directorships/partnerships in the five years preceding his appointment at the Company as follows:
Current directorships/partnerships:
Arbuthnot Latham & Co. Limited
Architekton Limited
CQS Management Limited
Evraz plc
GEMS MENASA Holdings Limited
The Regeneration Group Limited
The Said Foundation
Tamar Energy Limited
CQS (UK) LLP
Hintze Family Charitable Foundation
Wycliffe Grange Farm Partnership
In addition he is an Independent Non-Executive on the Board of Deloitte LLP
Previous directorships:
Cass Sculpture Foundation
Dumfries Estate (Glenside) Limited
Dumfries Estate (Pennyfadzeoch) Limited
Dumfries Farming and Land Limited
Dumfries House Home Farm Limited
Dumfries House Trust Trading Limited
HPB Developments Limited
Neerock Farming Limited
The Great Steward of Scotland's Dumfries House Trust
The Prince of Wales's Charitable Foundation
Further information
Save as set out above there is no further information to be disclosed pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.
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For further information, please contact:
M&C Saatchi plc +44 (0) 207 543 4500
David Kershaw
Numis Securities +44 (0) 207 260 1000
Nick Westlake, NOMAD
Charles Farquhar, Corporate Broking
Tulchan Communications +44 (0) 207 353 4200
Tom Murray