Directorate change

MILESTONE GROUP PLC MILESTONE APPOINTS GUY VAN ZWANENBERG AS CHIEF FINANCIAL CONTROLLER AIM listed Milestone ("Milestone" or the "Company") announces the strengthening of its management team with the appointment of Guy van Zwanenberg FCA C.Dir. as chief financial controller ("CFC") working on a part-time basis. Guy qualified with Thornton Baker (now Grant Thornton), going on to work with a number of companies including Inmac UK, the leading computer accessories supplier. In 1991 Guy established VZ Limited to provide financial consultancy services to small to medium sized enterprises. Guy was the Finance Director of GamingKing plc, a supplier of lottery vending machines to clubs, from 1998 to 2006. In 2008 Guy project managed the reverse takeover by GamingKing plc of the amusement machine supplier, Orb Holdings Limited, to create the enlarged gaming services group, Sceptre Leisure plc, where he continues to serve as a non-executive director and company secretary. Ian Lodwick has resigned as part-time Finance Director with immediate effect and his finance role will be covered by Guy van Zwanenberg and Deborah White until a replacement Finance Director is appointed to the Board. Milestone Chairman, John Sanderson, said: "I am delighted Guy has agreed to join Milestone as CFC. Having previously worked with Guy at GamingKing I know he is a determined operator with hands-on experience of growing small media businesses. One of Guy's first tasks will be to spearhead the Board's review of strategy including working with the Company's advisers to complete the review of the existing local TV business now under way. The Board is determined to explore all avenues to deliver value to shareholders and I look forward to working with Guy as the Company seeks to finalise its funding plans and future development strategy. "I would also like to take this opportunity to thank Ian Lodwick for his work as Finance Director and to wish him well following his decision to leave Milestone to concentrate on other projects." The Board of Milestone comprises John Sanderson as Non-executive Chairman and Deborah White as Executive Director combining the roles of Chief Executive and Finance Director on an interim basis. The Directors intend to make further appointments to the Milestone Board in due course. FOR FURTHER INFORMATION: Milestone Deborah White, Executive Director Tel: 020 7929 7826 Arden Partners plc Richard Day / Adrian Trimmings Tel: 020 7398 1600 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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