Board Changes

1 Apr 2008 11:06

Photo-Me International PLC01 April 2008 Tuesday 1 April 2008 PHOTO-ME INTERNATIONAL PLC Board Changes Photo-Me (PHTM.L), the digital imaging company, announces that David Young(interim non-executive Chairman), Roger Partington (non-executive Director) andMartin Reavley (non-executive Director) have yesterday evening notified theCompany of their resignations from the Board. These resignations follow a request by Serge Crasnianski, who has an interest ina 19.78% shareholding and is a former Director and Chief Executive Officer ofthe Company. The Board has established that Mr. Crasnianski's request has thesupport of an aggregate shareholding of a further 28.56%, in which two otherformer Directors of the Company have an interest. The remaining Directors would like to thank the outgoing Directors for theirconsiderable contributions at a difficult time for Photo-Me. Hugo Swire, a non-executive Director since June 2005, has been appointed by theBoard as interim Chairman. The Board has initiated a search for a new Chairmanand additional non-executive Directors as a strategic priority. Enquiries: Bankside Consultants 020-7367 8851 Charles Ponsonby This information is provided by RNS The company news service from the London Stock Exchange