RNS Number : 3690Z
Worldspreads Group PLC
14 March 2012
14 March 2012
WorldSpreads Group PLC
("WorldSpreads" or the "Group")
Following the announcement on 14 March 2012, WorldSpreads is pleased to announce that it has now appointed Roger Hynes as Interim Chief Executive of the Group.
Mr Hynes is a recognised leader in the CFD and spread betting sector and helped build CMC Markets during his time there as Managing Director, Europe between 1994 and 1998. After CMC Markets, Mr Hynes became Chief Executive of WorldSpreads Limited and Deputy CEO of Worldspreads Group plc until July 2010 and is currently a Director of Worldspreads Limited.
Mr Hynes' appointment is for a minimum of six months and will focus on WorldSpreads' growth strategy in the UK and across its fast growing business base in Europe, South Africa, and Israel, whilst continuing to develop the firm's partnership strategy.
Lindsay McNeile, Chairman of the Group said: "We are delighted that Roger has taken this step. His reputation in our industry and his track record with CMC are outstanding. We are convinced he will set the foundations for the business to grow shareholder value and all the team here are enthused by the prospect of his focused leadership."
Further information required by Rule 17 and Schedule 2(g) of the AIM Rules for Companies:
Roger Niall Alan Hynes, 39, is currently a Director of Worldspreads Limited and Bramble Corner Limited.
In the last five years, Mr Hynes has served as director of the following companies:
Worldspreads Group plc
Worldspreads (Ireland) Ltd
CMC Markets PLC
CMC Group Ltd
CMC Markets (Finance) Ltd
CMC Markets Binary Options Ltd
CMC Markets Overseas Holdings Ltd
CMC Markets UK Holdings Ltd
CMC Spreadbet PLC
CMC Trustees Ltd
Digital Look Ltd
Information Internet Ltd
Traders Academy Ltd
CMC Markets Pty Ltd
Mr Hynes does not hold any ordinary shares in WorldSpreads Group plc.
No further disclosures are required in accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies.
The Group also discloses further information required in accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies in relation to the appointment of Dominic Bacon to the Board of WorldSpreads:
Dominic Bacon is currently a Director of Worldspreads Limited and E Spreads Limited.
In the last five years, Mr Bacon has served as director of the following companies:
GIB (UK) Capital Investments Ltd
GIB (UK) Nominees Ltd
Spread Betting Association Ltd
SIB Financial Advisory Ltd
For further information please contact:
WorldSpreads Group plc
Lindsay McNeile, Executive Chairman / Dominic Bacon, General Counsel
+44 (0)20 7398 5100
Collins Stewart Europe Limited
Matt Goode / Rishi Shah
+44 20 7523 8350
+353 (0) 1 611 9200
About WorldSpreads Group plc
WorldSpreads Group plc (AIM: WSPR) is a financial services group offering online and telephone trading. The Group's core activity is the provision of spread betting and CFD products on the financial markets to retail clients from its website www.worldspreads.com.
WorldSpreads Limited, a wholly-owned trading subsidiary of WSPR, is regulated and authorised by the Financial Services Authority. It offers a full range of spread betting and CFD prices on all the major financial markets, including stock indices, individual shares, currencies, commodities and interest rates.
The Group floated on the London Stock Exchange's AIM market in August 2007 and gained a dual listing by joining the Irish Stock Exchange's IEX market in May 2008.
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