Directorate Change

16 Nov 2006 09:13

Portmeirion Group PLC16 November 2006 Portmeirion Group PLC Appointment of Directors We are pleased to announce two forthcoming Board appointments: On the retirement of our Chairman, Arthur Ralley, on 30th April 2007, RichardJohn Steele (Dick), age 51, will be appointed Non-Executive Chairman of theGroup. Dick is currently Senior Non-Executive Director. Michael Haynes, age 61, will be appointed Group Sales and Marketing Directorwith effect from 1st January 2007. He is currently Group Sales Director on theboard of the Group's main UK subsidiary, Portmeirion Potteries Limited. Commenting on the appointments, Lawrence Bryan, Group Chief Executive said: "I am very pleased with the proposed changes to our Board for 2007. The Chairmandesignate, Dick Steele, has been a significant contributor as the SeniorNon-Executive Director for the Group; as Non-Executive Chairman he will play avital part in the Group's future success. Michael Haynes has had a dramatic impact on our business since he joined us in2004. His appointment as Sales and Marketing Director for the Group will enablehim to drive our plans for growth in the future." In respect of the appointment of Michael Haynes the following additionalinformation is given: Michael Haynes Michael Haynes is a partner in Plato Marketing, a trading partnership which isnow dormant. Other than Portmeirion Potteries Limited, he neither holds nor hasheld during the past 5 years any other directorships. As at the date of this announcement, Michael Haynes has a beneficial interest in10,000 ordinary shares of 5p each in the capital of the Company ("OrdinaryShares") registered in his own name (5,000) and in the name of his wife GillianMary Haynes (5,000) representing 0.10 per cent of the Company's issued sharecapital. In addition, he holds an option over 10,000 Ordinary Shares which isexercisable between 25th April 2009 and 25th April 2010 at a share price of£2.225 per share. Michael Haynes was Managing Director of David Hollander and Sons Limited, acompany which went into receivership in June 1984. There are no other matters which are required to be announced as required underparagraph (g) of Schedule 2 of the AIM Rules. Enquiries: Arthur Ralley, Chairman 01782 744721 Brett Phillips, Group Finance Director 01782 744721 This information is provided by RNS The company news service from the London Stock Exchange