Board and Senior Management Changes (0975K)
11 July 2011 - 4:00PM
UK Regulatory
TIDMMCAP
RNS Number : 0975K
Mission Capital PLC
11 July 2011
Mission Capital PLC
("Mission Capital" or "the Company")
Board and Senior Management Changes
The Board of Mission Capital (AIM: MCAP.L), the holding company
of Quindell Limited ("Quindell"), is pleased to announce the
appointment of Laurence Moorse as Group Finance Director of the
Company subject to final due diligence.
Laurence, aged 38, has worked at senior management and board
level for international groups across a broad range of sectors
including the software, outsourcing, telco and engineering
industries. Having commenced his career in 1994 at Deloitte, where
he qualified as a chartered accountant, he worked for Innovation
Group PLC between 2000 and 2006 holding a number of positions
including UK Finance Director, and Chief Financial Officer. For the
past two years Laurence was a senior member of the finance team at
the international engineering group, Hamworthy PLC.
The Board also announces that Dominic Milton, who had previously
held the position of Interim Finance Director, has stepped down
from the Board. Dominic will continue his role in the Company as
Corporate Development Officer. Tracey Terry, who left the board of
Quindell Limited prior to its acquisition by Mission Capital, has
now divided her role as Head of HR and Communications to focus full
time on investor relations and communications and Keith Hayward has
been newly appointed as Chief Human Resources Officer, focussed on
integration of the acquired businesses.
Mission Capital's Chief Executive Officer, Robert Terry
commented:
"We are delighted that Laurence has now joined the Board,
enabling the Company to meet its previously stated intention of
appointing a full time Finance Director. Laurence's experience and
technical expertise will prove invaluable to the Company during
this period of rapid growth. The changes announced today continue
to reflect our commitment to the development of a Board and senior
management team that meets with leading practice corporate
governance guidance for a group such as ours".
The following disclosures are required regarding Mr Moorse's
appointment, pursuant to Schedule 2, paragraph (g) of the AIM Rules
for Companies:
Current Appointments: Appointments within the
last 5 years:
The Built Environment Limited Assetcare Services Limited
Motorcare Restored Limited
Motorcare Services Limited
Quindell Limited
Turing SMI Group Limited
(in Liquidation)
Laurence currently holds 16,088,915 ordinary shares of 1p each
in the Company, representing approximately 1 per cent. of the
Company's issued share capital
For further information:
Mission Capital PLC Tel: 01329 830 501
Rob Terry, Chief Executive
Officer
------------------------------ -------------------
Laurence Moorse, Group Tel: 01329 830 534
Finance Director
------------------------------ -------------------
Daniel Stewart & Company Tel: 020 7776 6550
PLC
(Nominated Adviser & Broker)
Oliver Rigby
------------------------------ -------------------
Hudson Sandler
(PR)
------------------------------ -------------------
Charlie Jack Tel: 020 7796 4133
------------------------------ -------------------
Media Enquiries
------------------------------ -------------------
Mission Capital PLC Tel: 01329 830 501
Tracey Terry, Communications
Officer
------------------------------ -------------------
Notes to Editors: About Quindell and Mission Capital Plc
Mission Capital Plc is the holding company of Quindell which was
founded in 2000 and develops, provides and utilises its own
multi-channel e-business based Enterprise Resource Planning and
Business Process Management solutions and related services to
facilitate efficient and effective management of customer
acquisition and servicing within finance, insurance, telecoms,
utilities and other related industries. Quindell also develops and
operates a leisure business model utilising its Enterprise Resource
Planning solutions as a reference environment for its own
technology and cross selling solutions, to be resold to third
parties leisure businesses or via franchise models. Quindell
provides consultancy on, and fully utilises within its own
operations, online strategies, permission based marketing,
membership models and cross selling to maximise revenue per
customer.
For further information, please visit www.quindell.com or
www.missioncapitalplc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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