CERES MEDIA INTERNATIONAL PLC
("Ceres" or the "Company" or the "Group")
Directorate change and update
The board announce that due to ill health, Matthew Howes has resigned as
Finance Director of the Company with immediate effect. The board would like to
thank Matthew for his contribution to the Group especially throughout the
recent AIM admission process. The board wish Mr Howes well in the future.
A financial controller has been appointed to the Company effective 5 December
2011, who will report directly to the board.
Leslie Barber, currently a non-executive director of the Company will become an
executive director with immediate effect.
Further to the update provided in the Chairman's statement in the preliminary
results notified 28 October 2011 the Company continues to experience slower
than expected uptake of its product range and is working with its end-users and
manufactures to refine its product offerings. The Company has noted continued
interest and awareness in its product from end users. The Company has further
expanded its distribution network in the UK, Europe and North America.
In light of the materially poorer than anticipated sales to date the Company is
actively reviewing the current sales strategy. The Group has recently
strengthened the sales team with the appointment of 2 new salesmen. The board
also announces that Cliff Barry who was director of sales has left the Group.
A further announcement will be made in due course.
For further information, please contact:
Ceres Media International PLC Tel: 020 3178 5622
Nominated Adviser Tel: 020 7148 7900
Cairn Financial Advisers LLP
Jo Turner / Liam Murray
Broker Tel: 020 3002 2070
First Columbus LLP
Chris Crawford / Kelly Gardiner
Financial PR Tel: 020 7556 1063
De Facto Financial
Mike Wort / Anna Dunphy