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Cleardebt Group PLC (CLEA)

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Tuesday 12 January, 2010

Cleardebt Group PLC

Directorate Change

RNS Number : 4196F
Cleardebt Group PLC
12 January 2010

12 January 2010 

ClearDebt Group plc

("ClearDebt" or the "Company")

Directorate Change

ClearDebt is pleased to announce the appointment of David Michael Shalom, aged 42, as Finance Director to the Company with immediate effect.  Mr Shalom was ClearDebt's Finance Director at the time of the original admission to aIM of the Company and has been acting as Group financial controller to the Company since July 2009.

David Mond, Chief Executive, commented: "We are delighted to welcome David back as a director of ClearDebt and to formalise his appointment. We look forward to welcoming him to the Board of ClearDebt."

Together with his wife, Gayle Shalom, David Shalom is beneficially interested in 2,150,000 ordinary shares in ClearDebt, representing 0.7% of the Company's issued share capital.  Mr Shalom also has options under the Company's EMI Scheme over a further 375,000 ordinary shares in the Company which are ordinarily exercisable between 7 October 2012 and 7 October 2019 at a price of 2p each.  

Mr Shalom is, or has been in the previous 5 years, a Director of the following companies:




Worthington Group plc

Avalon (Europe) Limited

AJWL 2004 Limited

A Sindall Limited

Bankside Finance Limited

Blissful Harmony Limited

Bolinten Limited

BS Dollamore Limited

ClearDebt Group plc

Coral Products plc

Dunham Forest Golf and Country Club Limited

Gardiners of Selkirk Limited

George Priestley & Sons Limited

GFC Products Limited

Granby Bell Limited

H Armitage & Co (Eccleshill) Limited

Henderson Holmes & Reiss Limited

Henry Mason (Shipley) Limited

Hind Priestley Limited

Hulme Holmberg Limited

Ilia Limited

Jerome (1999) Limited

Jerome Group plc

Merrall & Musgrave Limited

Merral Spinning Company Limited

NBC 2004 Limited

Nirvana Holdings Limited

Prize Peach Limited

Quality Textile Exports Limited

Solinia Limited

Taskready Limited

The Avalon Trustee Company Limited

VM Thomas Limited

West Yorkshire Weavers Limited

Wildtime Limited

Worthington Buttons Limited

Worthington Distribution Limited

Worthington Fabrics Limited

Worthington Holdings Limited

Worthington Textiles Limited

Worthington Threads Limited

Worthington Trimmings Limited.

David Shalom was also a Director of Bridgewater Hospital Limited (formerly Manchester Diagnostic and Treatment Centre Limited) from 18 August 2005 until 18 December 2006.  This company entered administration on 18 December 2006 with a shortfall to creditors of £170,982 and was placed into creditors' voluntary liquidation on 9 December 2007.

The Company confirms that there is no other information which is required to be disclosed pursuant to Schedule 2 paragraph (g) of the Aim Rules for Companies.


For further information, please contact:

David Mond       ClearDebt Group plc                Tel: 0161 969 2023

John Cowie       Seymour Pierce Limited           Tel: 020 7107 8000 

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