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Evergreen Securities (EVER)

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Tuesday 16 December, 2008

Evergreen Securities

Board Changes

RNS Number : 2246K
Evergreen Securities PLC
16 December 2008
 



16 December 2008

Evergreen Securities Plc

('Evergreen' or the 'Company')

Board Changes

 

Evergreen Securities Plc (AIM: EVER), the cleantech investment company, today announces the appointment of Sam Wauchope as Non-Executive Chairman of the Company and Nigel Wright as Executive Director, with immediate effect.


Simultaneously, Peter Greensmith is stepping down as Chief Executive and interim Chairmanwhile Emma Myers and Laurence Holyoake are also leaving the Board.

 

The Company would like to thank Peter Greensmith, Emma Myers and Laurence Holyoake for their contributions during their time serving on the Board, the makeup of which has changed to reflect the current market conditions on AIM.

 

Evergreen is now devoting even more time to its investee companies, in order to realise value as and when opportunities arise. 

 

Sam Wauchope, 56, has spent his career assisting ambitious young companies grow and achieve their potential. For 14 years he was Chief Executive or Executive Chairman in the UK-listed sector, for businesses that included Acorn Computer Group, Oceonics and Ultrasis. He now acts as an adviser or Non-Executive Director to fast growing technology-based companies, with a particular emphasis on sustainable development. Non-Executive appointments have included companies such as ARM Holdings, Waste Recycling Group and Plant Health Care. Sam has extensive experience of IPOs, acquisitions, spin-outs, disposals, capital raising and other corporate transactions, both in the UK and internationally.

 

Nigel Wright, 58is a chartered accountant with an MBA from INSEADHe has a background in venture capital and was Managing Director of Industrial Technology Securities (ITS), a successful early stage technology fund manager that he co-founded and which more than doubled its capital. Nigel now specialises in advising early stage businesses, in which capacity he has worked previously with Ben Goldsmith, a substantial Evergreen shareholder.

 

For further information, please contact:

Evergreen

Nigel Wright                    020 7299 4116


Nominated Adviser

Seymour Pierce

Jonathan Wright                 020 7107 8000


Media queries

New Century Media

Simon Goodley                020 7930 8033


Details of Samuel Alan Wauchope's and Nigel Charles Comstive Wright's current and past directorships and/or partnerships are set out below in accordance with paragraph (g) of Schedule Two of the AIM Rules of the London Stock Exchange.

Samuel Alan Wauchope

Current 

Property Recycling Group plc

Plant Health Care plc

You and Your Health Limited

Progressive European Markets Ltd

Progressive Developing Markets Ltd 

Landover Wireless Corp [USA]


Following appointment as Group Managing Director of Acorn Computer Group plc in April 1990, Sam Wauchope was appointed a non executive director of Torus Group plc, a company in which Acorn had a 25% interest. Later that year receivers were appointed to Torus Group plc, which owed creditors a total of some £600,000. Preferred and secured creditors of some £200,000 were paid in full, unsecured creditors received nothing.


Nigel Charles Comstive Wright


Current


No 1 Chingford Ltd 

Drones Club Ltd 

Fibre 7 UK Ltd


Past Five Years


Drones Fenwick Ltd

Dexela Ltd

Fitzdares Ltd

Howper 275 

Halecourt Ltd

Radamec Group Ltd

Ends.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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