Spice PLC
13 December 2007
13 December 2007
Spice plc
Board changes and appointments
Spice plc ("Spice" or "the Company") announces today that Carl Chambers, its
Group Corporate Development Director, is to step down from the Group Board and
work part time for the Company so that he can pursue wider interests. No leaving
date has been set but it is expected that, as Carl's wider interests grow, he
will leave Spice during the middle of 2008. Following a review it has been
decided that this role will in future be represented at Spice's Operating Board
rather than the Main Board.
Peter Burridge, who is currently Managing Director of our Telecoms business,
will take over this important role as Group Corporate Finance Director, in order
to continue identifying value-enhancing acquisitions and ensuring their
successful integration within Spice. Peter has extensive acquisitions and
corporate finance experience and has worked for Spice for nearly six years. Mike
Norfield, who has been Managing Director of Team Simoco for three years, will
become Managing Director of our Telecoms business and also a member of the
Spice's Operating Board.
Spice is also pleased to announce the appointment of Andy Philip Catchpole (aged
59) to the Main Board of the Company as Group Strategy and Development Director.
Andy will combine this role with his existing role as Managing Director of our
Electricity business. Andy joined Spice in 2005. Prior to this, he held senior
positions with 24/7, TXU Europe, Hanson and Eastern Electricity.
Andy is currently a Director of the following wholly owned subsidiary
undertakings of Spice; The Freedom Group of Companies Limited, Freedom Utility
Services Limited, Freedom Transport Limited, G-map Professional Services
Limited, Freedom Network Solutions Limited, Eastern Private Network Management
Limited, Maintenance and Technical Services (Midlands) Limited, Baineport
Engineering Services Limited, Lamva Limited, KMN Group Limited, KMN Consulting
Limited, KMN Communications Limited and KMN Structures Limited. Within the past
five years, Andy has also been a Director of Eastern and Southern Electrical
Connections Limited.
Andy owns 99,332 ordinary shares of 10 pence each in Spice and holds unvested
options over 269,811 ordinary shares at exercise prices of between £nil and
£2.18.
No further disclosures are required under Schedule 2 paragraph (g) of the AIM
Rules.
Simon Rigby, Chief Executive Officer commented:
"Carl has been associated with Spice for over 13 years now. He worked with the
original MBO team and has been full time with us for eight years, helping steer
Spice from nothing to its position today. Carl has always been interested in
the development of smaller businesses and, as we look ahead to our move to the
Official List, I understand entirely Carl's desire to get back to his first "
love" and wish him well for the future.
"At the same time I am delighted welcome Andy as an Executive Director of Spice.
Andy has made a huge contribution to the development of our Electricity Services
business and I believe that Andy can help the wider Group achieve its ambitions
to replicate our success in Electricity within our other markets."
- ends -
Enquiries:
Spice plc - Tel: 0113 384 3838
Simon Rigby, Chief Executive Officer
Oliver Lightowlers, Group Finance Director
Financial Dynamics - Tel: 020 7831 3113
Billy Clegg
Caroline Stewart
KBC Peel Hunt (Nominated Adviser and Broker) - Tel: 020 7418 8900
Julian Blunt
NOTES TO EDITORS
Spice plc
Spice is a support services business providing Total Utility Support Services.
The Group's operations were founded in 1996 and have their origins in the
electricity industry, though the range of activities has since been expanded
into the water sector, niche telecommunications services, the public sector,
energy management and commercial facilities management. Spice's businesses have
a common theme of delivering and co-ordinating infrastructure services to
customers, and the technological element within the product mix has been built
up significantly over the course of the last three years.
This information is provided by RNS
The company news service from the London Stock Exchange
AI Summary Disclaimer BETA
The content you are viewing has been generated or assisted by artificial
intelligence (AI). While efforts are made to ensure accuracy and clarity, AI-generated text may
contain inaccuracies, outdated information, or subjective interpretations. This content is intended
for general informational purposes only and should not be considered professional advice or factual
confirmation.
We encourage you to independently verify any information provided,
especially if it will be relied upon for making decisions or taking action. Any reliance you place
on this material is strictly at your own risk. The AI system that produced this content cannot
assess the specifics of individual circumstances, and results may vary based on context and
individual needs.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.
Create an Account
Create your FREE account to receive personalised announcements, watchlists, market updates, investment insights and new features.
Personalise your experience
Tell us a little about yourself to receive personalised content, announcements and relevant investment opportunities.