Directorate Change
05 September 2007 - 10:03PM
UK Regulatory
RNS Number:3408D
Debt Free Direct Group PLC
05 September 2007
5 September 2007
DEBT FREE DIRECT GROUP PLC
("Debt Free Direct" or the "Company")
Directorate Change and Timing of Strategy Update
The board of Debt Free Direct is pleased to announce the appointment of Simon
Gilbert to the board as a Non-executive Director with effect from today.
Simon Gilbert, aged 37, is Investment Principal at Hanover Investors, a
significant shareholder in Debt Free Direct with a stake of 18%.
Commenting on the appointment, Mike Blackburn, Chairman said:
"Simon's experience in business strategy and mergers and acquisitions will be
valuable to the Group as it continues to broaden its range of activities. I
warmly welcome his appointment."
There is no further information, in relation to Mr Gilbert's appointment, which
is required to be disclosed pursuant to AIM Rule 17
The Company is also pleased to announce that it will update investors with the
results of an ongoing strategic review, alongside the interim results, in
November. This review will address the changes and opportunities arising in the
rapidly evolving debt solutions sector and ensure the Company is well-positioned
to take advantage of these opportunities.
Enquiries:
Debt Free Direct Group plc
Andrew Redmond, Chief Executive Officer 0845 296 0100
Paul Latham, Finance Director 0845 296 0200
Numis Securities
Lee Aston 020 7260 1000
Financial Dynamics
Ed Gascoigne-Pees 020 7269 7132
Nick Henderson 020 7269 7114
Notes:
Debt Free Direct helps individuals find the best solution to their debt
problems, based upon an analysis of their particular financial circumstances.
Financial information on an individual is processed through a computer model
(the Best Advice Model) developed by Debt Free Direct in order to recommend a
solution suitable for that individual's particular financial circumstances. The
solutions offered range from basic advice, such as simply destroying credit
cards and curbing unnecessary expenditure, to the following solutions:
* consolidation loan
* re-mortgage
* informal arrangement
* individual voluntary arrangement (IVA)
* bankruptcy
Debt Free Direct is unique in the marketplace in that, unlike most of its
competitors who sell specific products, Debt Free Direct looks to provide the
best advice to the consumer and recommends them the most appropriate service.
Debt Free Direct is based in Chorley, Lancashire, and was admitted to AIM in
December 2002.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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