Board Changes
17 December 2008 - 12:49AM
UK Regulatory
RNS Number : 2246K
Evergreen Securities PLC
16 December 2008
16 December 2008
Evergreen Securities Plc
('Evergreen' or the 'Company')
Board Changes
Evergreen Securities Plc (AIM: EVER), the cleantech investment company, today announces the appointment of Sam Wauchope as Non-Executive
Chairman of the Company and Nigel Wright as Executive Director, with immediate effect.
Simultaneously, Peter Greensmith is stepping down as Chief Executive and interim Chairman, while Emma Myers and Laurence Holyoake are
also leaving the Board.
The Company would like to thank Peter Greensmith, Emma Myers and Laurence Holyoake for their contributions during their time serving on
the Board, the makeup of which has changed to reflect the current market conditions on AIM.
Evergreen is now devoting even more time to its investee companies, in order to realise value as and when opportunities arise.
Sam Wauchope, 56, has spent his career assisting ambitious young companies grow and achieve their potential. For 14 years he was Chief
Executive or Executive Chairman in the UK-listed sector, for businesses that included Acorn Computer Group, Oceonics and Ultrasis. He now
acts as an adviser or Non-Executive Director to fast growing technology-based companies, with a particular emphasis on sustainable
development. Non-Executive appointments have included companies such as ARM Holdings, Waste Recycling Group and Plant Health Care. Sam has
extensive experience of IPOs, acquisitions, spin-outs, disposals, capital raising and other corporate transactions, both in the UK and
internationally.
Nigel Wright, 58, is a chartered accountant with an MBA from INSEAD. He has a background in venture capital and was Managing Director of
Industrial Technology Securities (ITS), a successful early stage technology fund manager that he co-founded and which more than doubled its
capital. Nigel now specialises in advising early stage businesses, in which capacity he has worked previously with Ben Goldsmith, a
substantial Evergreen shareholder.
For further information, please contact:
Evergreen
Nigel Wright 020 7299 4116
Nominated Adviser
Seymour Pierce
Jonathan Wright 020 7107 8000
Media queries
New Century Media
Simon Goodley 020 7930 8033
Details of Samuel Alan Wauchope's and Nigel Charles Comstive Wright's current and past directorships and/or partnerships are set out
below in accordance with paragraph (g) of Schedule Two of the AIM Rules of the London Stock Exchange.
Samuel Alan Wauchope
Current
Property Recycling Group plc
Plant Health Care plc
You and Your Health Limited
Progressive European Markets Ltd
Progressive Developing Markets Ltd
Landover Wireless Corp [USA]
Following appointment as Group Managing Director of Acorn Computer Group plc in April 1990, Sam Wauchope was appointed a non executive
director of Torus Group plc, a company in which Acorn had a 25% interest. Later that year receivers were appointed to Torus Group plc, which
owed creditors a total of some �600,000. Preferred and secured creditors of some �200,000 were paid in full, unsecured creditors received
nothing.
Nigel Charles Comstive Wright
Current
No 1 Chingford Ltd
Drones Club Ltd
Fibre 7 UK Ltd
Past Five Years
Drones Fenwick Ltd
Dexela Ltd
Fitzdares Ltd
Howper 275
Halecourt Ltd
Radamec Group Ltd
Ends.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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