04 May 2005
QA plc ("the Company") - Director Details
In accordance with Rule 16.4 of the FSA Listing Rules, QA plc hereby notifies
details of its Chief Executive Officer, John Beaumont, who was appointed as a
Director of the Company at a meeting of the Company's Board held on 3 May 2005.
The appointment was effective immediately.
John was an executive director of UK e-Universities Worldwide Limited ("UKeU")
from 4 March 2002 to 27 February 2004. A company voluntary arrangement in
respect of UKeU was approved by its creditors on 30 July 2004, after its
principal funder, the Higher Education Funding Council for England, decided, in
June 2004, not to provide it with further funding. The statement of affairs,
made by a director of UKeU as at 8 July 2004, reported a deficiency as regards
creditors of £13,012,000, calculated on the assumption that the company
voluntary arrangement was approved. This deficiency included £3,900,000 of loans
due to UkeU's holding company. The estimated dividend to unsecured creditors was
reported as 18 pence in the pound. UkeU was the subject of a report by the House
of Commons Education and Skills Committee published on 3 March 2005, which is
available on the United Kingdom Parliament website.
John was an executive director of Energis PLC from 9 February 2001 to 20
February 2002. An administration order was made in respect of this company on 16
July 2002. The statement of affairs, made by a director of Energis PLC as at 16
July 2002, reported an estimated deficiency as regards creditors of
£811,595,000. Also on 16 July 2002, following consultation with major creditors,
the joint administrators sold the UK trading business of Energis PLC and its
shareholdings in two other businesses to Chelys Limited, a company established
by a group of lenders to Energis PLC's operating subsidiaries. The consideration
for the sale was an ongoing shareholding in Chelys Limited together with certain
deferred consideration rights. On 12 September 2002, creditors approved
proposals of the joint administrators that the administration order should
continue in order to effect a scheme of arrangement, the intention of which was
to achieve a more advantageous realisation of the assets of Energis PLC than
would be effected on a winding-up. The administration order has subsequently
been extended by the High Court until 1 March 2006.
Energis PLC was a publicly quoted company. John has held no directorships in
publicly quoted companies other than this one at any time during the five years
preceding the date of his appointment.
John was an executive director of Energis Graham Limited from 4 December 2001 to
22 February 2002. That company was a joint venture partly owned by a subsidiary
of Energis PLC. Joint liquidators were appointed in respect of Energis Graham
Limited on 26 June 2002. The statement of affairs made by directors of that
company as at 21 June 2002 reported a deficiency of £7,033,629 as regards its
total balance due to creditors of £7,340,684. The majority of this £7,340,684
balance was made up of items described in the statement of affairs as
intercompany debt or loans and totalling £4,843,528.
There are no other details to be disclosed.
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For further information please contact:
QA plc 01793 696061
Mark Savage, Company Secretary
QA improves client effectiveness with training and consulting solutions that
solve problems, accelerate the transfer of skills and drive business
performance. As the partner of choice for many of the FTSE100 companies and
public sector organisations, QA is recognised as the UK's Number 1 public
training company. www.qa.com
This information is provided by RNS
The company news service from the London Stock Exchange