SuperGroup Regulatory News (SGP)

9 Dec 2005 11:06

Sanctuary Group PLC09 December 2005 9 December 2005 The Sanctuary Group plc APPOINTMENT OF NEW FINANCE DIRECTOR The Board of The Sanctuary Group plc ("Sanctuary" or the "Group") is pleased toannounce the appointment of Paul Wallace as Group Finance Director with effectfrom 8th December 2005. He succeeds Mike Miller who, after 15 years as GroupFinance Director, moves to the role of Director, Corporate Development, workingclosely with Andy Taylor to implement Group commercial strategy. Paul Wallace, 55, joins Sanctuary with a strong record of achievement ininternational capital markets and with international listed company experience.Paul has recently been working at First Pacific Co. Ltd, a Hong Kong listed firmwith a market capitalisation in excess of $1 billion. Paul's role at FirstPacific initially was as the company's senior financial officer. Latterly, Paulreturned to First Pacific as CFO to lead the refinancing and restructuring ofthe company's debt as well as advising and structuring the sale of a significantsubsidiary. In addition, Paul has spent 10 years as an audit partner with Price Waterhouse,based in Hong Kong, where he specialised in the audit of stockbrokers and fundmanagers. He was the appointed audit partner for an audit group of some 140staff and he was elected a member of the firm's Executive Committee. Paulqualified as a Chartered Accountant in 1977 and has worked in Canada, Hong Kongand the UK. Commenting on the appointment, Andy Taylor said: "We are delighted that Paul Wallace is joining Sanctuary. His expertise infinancial restructuring will be of particular value to the Group as we continueto focus on returning our business to sustainable long-term growth." Paul Wallace added: "I was attracted to Sanctuary by the strong underlying business model and thequality of its artist roster and I am excited by the challenge of helping tomake the Group a strong investment proposition again." Paul Wallace is a Director of Burghley Resources, a dormant company. There is noother information that requires disclosure pursuant to Rule 9.6.13 of theListing Rules. Ends Andy Taylor, Executive Chairman 0207 602 6351 Philip RangerDirector, Corporate & Investor Relations The Sanctuary Group plc 07768 534641/ 020 7300 1323 Paul Downes Merlin 07900 244888/ 020 7653 6620 Eddy LevitenHead of Corporate Communications The Sanctuary Group 020 7300 6542 This information is provided by RNS The company news service from the London Stock Exchange