Change of Board
Not for release, publication or distribution (in whole or in part) in, into or
from any jurisdiction where to do so would constitute a violation of the
relevant laws of such jurisdiction.
For immediate release
3 October 2011
KINGS ARMS YARD VCT PLC
Change of Board
Following the successful merger of Kings Arms Yard VCT 2 PLC (which was placed
in Members Voluntary Liquidation on 30 September 2011), with the Company, and
having considered the size and future composition of the Company's Board for the
enlarged company, the Board wishes to announce the following changes to the
Board.
The Board are pleased to welcome from the board of Kings Arms Yard VCT 2 PLC, Mr
Thomas Chambers and Mr Alan Lamb, who were appointed non-executive Directors on
3 October 2011 and who will be proposed for election at the next Annual General
Meeting.
Mr Chambers (50) has over ten years of operational experience at mobile
operating systems provider Symbian Limited (now part of Nokia Oyj) and at
ADSL/fixed line phone provider First Telecom plc. Since 2002 he has had a range
of industry, venture capital and government non-executive and advisory roles
giving him insight into, in particular, the technology and communications
sectors. As CFO of Symbian he played a significant leadership role in the
creation of the first Smartphones. He was also CFO of Robert Walters plc which
he took through its listing on the London Stock Exchange in 1996. He spent six
years in corporate finance at Dresdner Kleinwort Benson Limited after a five
year career with Price Waterhouse. He is currently a council member of the
University of Surrey, sits on the advisory board of Green Square Partners LLP
and is an associate of the TheInfluence.info.
In accordance with LR 9.6.13 Mr Chambers has the following directorships:
Current                                       Past five years
Kings Arms Yard VCT 2 PLCÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Symbian Limited
Wine Equals Friends Limited                         Symbian Software Limited
                                      System C Healthcare plc
Mr Lamb (62) has broad experience as a manager and entrepreneur in technology
businesses from early stage through to being part of a large public company. He
founded Flexion Inc. in 1998 to provide new generation communication systems for
smaller businesses. Previously, he founded Airtech Computer Security that grew
to become a highly profitable group delivering secure electronic payments
solutions. Having sold Airtech to Racal Electronics PLC in 1994, he was
divisional managing director responsible for banking and communications security
business in Europe and the USA. In the last ten years he has focused on
developing spin-out companies from UK universities as a mentor, chairman and
non-executive director. He formed Blaze Photonics which was sold to Crystal
Fibre, and Identum which was sold to Trend Micro. He is currently on the board
of Promethean Particles, a supplier of specialist nano-particles, and TTE
Systems, which provides high-reliability processors and matched development
tools to the aerospace and automotive markets.
In accordance with LR 9.6.13 Mr Lamb has the following directorships:
Current                                       Past five years
Gyrometric Systems Limited                         Data Perspective Limited *
Kings Arms Yard VCT 2 PLCÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Trend Micro (Encryption)
Limited
Oxford Heyderum Limited                             Voxent Systems Limited **
Promethean Particles Limited
TTE Systems Limited
*Â Â Â Â Â Â Â Â Â Â Data Perspective Limited was voluntarily struck off the register of
companies in 2009.
**Â Â Â Â Â Â Â Â Voxent Systems Limited was placed in members' voluntary liquidation
in October 2004 and struck off the register of companies in March 2007.
There is no further information relevant to LR 9.6.13 that needs to be disclosed
with respect to these appointments.
Patrick Reeve, the managing partner of Albion Ventures LLP, resigned from the
Board of Kings Arms Yard VCT PLC on 3 October 2011. The Board would like to
thank him for his commitment and guidance to the Company since his appointment
on 1 January 2011.
3 October 2011
For further information, please contact
Patrick Reeve, Managing Partner, Albion Ventures LLP 0207 601 1850
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kings Arms Yard VCT PLC via Thomson Reuters ONE
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