Tornado Virtue PLC
24 October 2002
Tornado Virtue plc (the Company" or "Tornado Virtue")
Board Changes/ Update on Subsidiary
Following the Company's announcement made on 21 October concerning the receipt
of a petition for the winding up of Tornado Entertainment Limited (TEL), a
subsidiary of the Company, the Company announces that all 25 employees of TEL
had their employment contracts terminated by TEL from 12:00 midnight on 23
The employment contracts terminated by TEL included those of Neil Ferris, Gareth
Roblin, Nick English, Giles English and Ian Watson who are directors of both TEL
and Tornado Virtue.
Following a board meeting of Virtue Broadcasting Limited, a subsidiary of the
Company, held today, Messrs Ferris, Roblin, English and English have been
offered, and have agreed to accept, employment contracts with Virtue
Broadcasting Limited on terms not materially different to those under which they
were previously employed by TEL.
Other companies in the Tornado Virtue group have commenced a process to review
their separate staffing requirements and may make offers of employment to other
individuals whose contracts with TEL have been terminated.
This information is provided by RNS
The company news service from the London Stock Exchange