Directorate Change

11 Apr 2007 08:00

KP Renewables PLC11 April 2007 KP Renewables Plc (the "Company") Board Changes As announced on 20 March 2007, David Lloyd-Jacob, Stephen Drummond and Paul Goodrow have resigned as directors of the Company, while David Lindley and John Bryant remain as directors. Peter Redmond and Richard Armstrong have agreed to join the Board. Peter Redmond (aged 60) has over 20 years' experience in corporate finance and small cap fundraising and is a particular specialist in the reconstruction and recapitalisation of microcap companies, including Bizzbuild plc (now Optimisa plc), Weatherly International plc and Future Internet Technologies plc and assisting them to acquire new businesses. He is the CEO of the corporate finance house, Merchant House Group Plc, and is a director of AIM-quoted Weatherly International plc, Bella Media plc and Fortfield Investments plc. Richard Armstrong (aged 59) is an associate with Fiske plc, the AIM quoted stockbrokers. He is a former equity analyst with extensive experience in reconstructing and raising capital for turnaround situations especially in the quoted microcap sector, including Bizzbuild plc (now Optimisa plc), Weatherly International plc and Future Internet Technologies plc. He is a director of AIM quoted Fortfield Investments plc. The following information is given in relation to Mr. Peter Redmond and Mr.Richard Armstrong as required by paragraph (g) of Schedule 2 of the AIM rules. Peter Redmond, aged 60, is or has been a director of the following companiesduring the previous 5 years. Current Directorships Bella Media plcBWA Group plcFortfield Investments PlcMerchant Capital plcMerchant House Finance LimitedMerchant House Group plcSynigence PlcWeatherly International PlcWestover Wines plc Past Directorships Future Internet Technologies plcPetsome PlcStratus Holdings plcVictoria Oil and Gas Central Asia Limited Richard James Armstrong, aged 59, is or has been a director of the followingcompanies during the previous five years. Current Directorships Fortfield Investments plcBWA Group plcStageworx LimitedBelisarius LimitedCamvaxx LimitedVoipnetwork LimitedAlphaworx Limited Past Directorships Bella Media plcFuture Internet Technologies plcParallel Media Group plcWeatherly International plcHolroyd Consultants LimitedMerchant House Group plcVictoria Oil and Gas Central Asia LimitedZOA Corporation plcBriar Abbey Services LimitedCrescent Hydropolis Resorts plcCrescent Technology Ventures plc Mr. Redmond was a director of Stratus Holdings Plc and is a director of BWAGroup Plc, Bella Media plc, Weatherly International Plc and Synigence plc, allof which companies are or were recently subject to Company VoluntaryArrangements ("CVAs"). Mr. Armstrong was a director of Bella Media plc and Weatherly International Plcand is a director of BWA Group Plc, all of which companies are or were recentlysubject to CVAs. Both Mr. Redmond and Mr. Armstrong joined the boards of the companies concernedeither immediately before or after the CVAs had been approved with a view toorganising corporate rescues of such concerns, all of which have been or are inthe course of satisfactory conclusions. There is no other information that falls to be disclosed under Schedule 2paragraph (g) of the AIM rules. For further information contact John Bryant, Chairman, KP Renewables Plc Tel 0207 332 2200 Andrew Raca, Managing Director, Libertas Capital Tel 0207 569 9650 Peter Redmond, Managing Director, Merchant Capital Tel 0207 332 2200 This information is provided by RNS The company news service from the London Stock Exchange