Directorate Change
16 August 2006 - 5:00PM
UK Regulatory
RNS Number:7075H
London Asia Capital PLC
16 August 2006
16 August 2006
LONDON ASIA CAPITAL PLC
Appointment Of Robert Spriddell As Non Executive Director
London Asia Capital plc ("London Asia" or "the Company"), the Asian focused
investment and merchant banking group, is pleased to announce the appointment of
Robert Spriddell as a non-executive director with immediate effect.
Robert Spriddell is currently employed as an Investment Director of Consensus
Business Group Limited ("Consensus"). London Asia entered into a joint venture,
LAC Consensus ("LACC"), with Consensus last year to provide equity, structured
finance and services to businesses in Asia, combining the skills and networks of
Consensus and London Asia.
Consensus is the designated investment manager for Elsina Limited, an investor
in the London Asia Chinese Private Equity Fund Limited, and is managed by
Vincent Tchenguiz, co-founder of the Rotch Property Group, a multi-billion pound
property investment group. Investments under management include commercial and
residential property and innovative technology. Consensus manages over #100
million in private equity investments, with a focus on renewable energy, new
media and security products, and has significant experience in structured
financial products. The ultimate owner of Elsina Limited is Investec Trust
(Guernsey) Limited as trustee of the Tchenguiz Family Trust.
Jack Wigglesworth, Chairman of London Asia, commented: "I am delighted that
Robert has agreed to join the Board. Robert brings with him the extensive
contacts, experience and financing capabilities of the Consensus Business Group,
with whom we have already been successfully working for over a year. The Board
regards his strategic, value realisation, portfolio enhancement and organic and
inorganic growth skills as being in line with our own aspirations for the
continued growth of the business."
Robert Spriddell added: "I am delighted to be invited to join the Board of
London Asia and look forward to helping contribute to its future growth at an
exciting time in its development."
Robert Spriddell, aged 39, Current Appointments and Directorships:
The Optima Group Limited
Cost Reduction Group Limited
Cost Reduction Limited
Gowi Group Plc
Previous Appointments and Directorships within the last five years:
Viness Limited
Goldshore Holdings plc*
Global Trade Group Limited
Probability Games Corporation Limited
Win TV (UK) Limited
Edengene Limited
* Goldshore Holdings plc was subject to a creditors' voluntary liquidation.
Leonard Curtis & Co of One Great Cumberland Place, Marble Arch, London W1H 7LW
were appointed as liquidators on 6 April 2006. Goldshore Holdings plc was wound
up on 6 April 2006 with an estimated deficiency of #363, 934 as regards to
creditors.
There are no further disclosures required to be made in respect of Mr Spriddell
with regard to paragraph (g) of Schedule 2 of the AIM Rules.
For further information please visit www.londonasia.com or contact:
Simon Littlewood John West/ Matt Ridsdale
London Asia Capital Tavistock Communications
Tel: 020 7355 7928 Tel: 020 7920 3150
For further information about Consensus visit www.consensusbusiness.com
About London Asia Capital plc
London Asia is an AIM listed investment and merchant banking group focused on
the SME sector in Asia, with 32 offices in 20 provinces in China, and
representatives in Mongolia, Vietnam, Hong Kong, Singapore, and Malaysia. London
Asia operates four principal businesses:
* Fund management;
* Investment Banking services, mainly corporate finance advisory (fund
raisings, IPO's, M&A, project and infrastructure finance and restructurings);
* Investment of own funds in profitable businesses in Greater China, with
exits via IPO or trade sale; and
* Structured financial products.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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