ULTIMA NETWORKS PLC
Appointment of Non-Executive Director
3 October 2007
Ultima Networks plc ("Ultima" or the "Company") is pleased to announce the
appointment of Richard Bearpark as a non-executive director of the Company, with
effect from 1 October 2007.
Richard Mosely Bearpark, 58, has a wealth of entrepreneurial and management
experience gained over 38 years in the IT industry. Over the last 18 years he
has been involved in the operations of 5 IT solution and services companies as
either Chief Executive or Managing Director. The last company being AIM Group
Holdings Limited, a company operating mainly in the legal IT sector offering
software solutions to the legal profession.
Mr. Bearpark now runs his own consultancy business, Richard Bearpark Limited, of
which he is a director. He is also a non-executive director of Business Link
During the last five years, he has also been a director of AIM Group Holdings
Limited, AIM Holdings Limited, AIM Solutions Limited, AIM Data Systems Limited,
AIM Commercial Systems Limited, AIM Professional Systems Limited and SharpOWL
International Software Limited.
There are no other disclosures required by paragraph (g) of Schedule 2 of the
AIM Rules for Companies.
In welcoming Richard Bearpark to the Board, Ultima's Chairman and Chief
Executive Officer, Prof. Humayun Akhter Mughal, said:
"Richard's experience in the IT software and solutions market will be of great
benefit to Ultima. The Company will draw upon Richard's specific experience in
the legal IT sector in achieving the group's stated objective of continuing the
profitable expansion of the group through a mixture of organic growth and the
acquisition of complementary businesses. Our focus remains on the IT and related
services division to achieve this objective."
Robert Piper, Ultima's Finance Director, has been given the additional
appointment of Managing Director of subsidiary company Cognito Software Limited,
which provides integrated software solutions to the legal profession and forms a
major part of Ultima's IT and Related Services Division. Mr. Piper is in the
process of strengthening the Management team of Cognito Software Limited and
progressing business development opportunities. Mr. Bearpark will be able to
contribute to this process.
The Board would also like to thank Peter Thoms for his contribution to the
Company. Mr. Thoms retired by way of rotation at the Annual General Meeting of
the Company on 24 July 2007.
For further information, contact:
Ultima Networks plc
Rob Piper, Finance Director Tel: 01279 821200
ARM Corporate Finance
Alan MacKenzie Tel: 020 7512 0191