Result of AGM and Board chang

RNS Number : 0118O

Tandem Group PLC

22 June 2010

 



Tandem Group plc

(the 'Company')

Result of Annual General Meeting (AGM) and Board Changes

The Board of Tandem Group plc (AIM: TND), designers, developers and distributors of sports and leisure equipment, is pleased to announce that all resolutions proposed at the Company's AGM were approved.

As previously announced on 28 April 2010, Graham Waldron did not offer himself for re-election at the AGM and Mervyn Keene, previously Group Finance Director, succeeds him as Non-Executive Chairman.

Steve Grant, currently Commercial Director, becomes Chief Executive Officer.

Jim Shears has been appointed to the Board as Group Finance Director.

Jim joined the Company as Group Financial Controller in 2002.  He was appointed Company Secretary in 2008.  He previously worked for the Audit Commission, IFG Group plc and AWG plc where held various financial roles.  Jim is a Fellow of the Institute of Chartered Accounts in England and Wales.

Commenting on the changes, Mervyn Keene, Non-Executive Chairman, said:

"The Board are very grateful for the work and wise counsel that Graham has given over the years.  He has ensured that the Board has delivered profitability and strengthening of the balance sheet.  Steve has a wealth of experience in the sports and leisure industry and I am sure he will make a valuable contribution as Group Chief Executive.  Jim's financial experience will ensure the robust financial controls and reporting that he has overseen within the Group are maintained."

Following the Board changes, the Company announces that it has restructured the Audit, Nominations and  Remuneration Committees which are now comprised as follows:

Audit Committee	Mervyn Keene (Chairman) Simon Morris
Nominations Committee	Mervyn Keene (Chairman) Andy Bestwick
Remuneration Committee	Mervyn Keene (Chairman) Andy Bestwick Simon Morris

Enquiries:

Tandem Group plc

Jim Shears, Group Finance Director and Company Secretary

Tel: [phone]

Cairn Financial Advisers

Tony Rawlinson

Tel: [phone]

Further information

Jim Shears, aged 36, has an interest in 1,440 ordinary shares in the Company and has held the following directorships or partnerships within the last 5 years:

Current	Past
Ben Sayers Limited	Ehook.co.uk Limited
Casket plc
Casket Group Pension Trustee Limited
Casket Leisure Products Limited
Chelful Limited
Dawes Cycles Limited
Kingsley & Forester Group plc
MV Sports Group plc
MV Sports & Leisure Limited
M.V. Sports (Hong Kong) Limited
Pot Black Limited
Primacy Limited
S Casket Limited
Tandem Group Cycles Limited
Two Wheel Trading Company Limited
Worldwide Snakeboard Marketing Limited

There are no further disclosures to be made in accordance with Schedule 2(g) of the AIM Rules.

 

END

 

 

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