WGT Wallgate

    RNS Number : 2074Y
  Wallgate Group PLC
  03 July 2008
   

    3 July 2008

    Wallgate Group plc
    ("Wallgate" or the "Group")

    Change of Advisers

    Board Changes and Senior Management Appointment

    Wallgate Group plc (AIM: WGT.L), the AIM-listed reverse logistics services provider and multi-channel retailer, announces the
following:

    Change of Advisers
    The appointment of Strand Partners Limited as its nominated adviser and St.Helen's Capital Plc as its broker to support the Company
through its next stage of development, which is being driven by the rapid growth of the consumer returns market. 

    Board Changes
    Adam Reynolds is appointed as Non-executive Director with immediate effect. In addition, as announced in the Company's recent interim
statement, Paul Harris has stepped down from the Board as Chairman and Non-executive Director with effect from 30 June 2008 and the Board
would like to thank Paul for his contribution to the Company and wish him well for the future.

    Adam Reynolds, 45, has over 20 years experience in the City first as a broker and then as a director of a public relations and investor
relations agency. In February 2000, he established Hansard Group plc, a financial PR firm, listing it on AIM in November 2000, before
successfully leading a management buy-out of the business in 2004 at which time Hansard Group acquired a major division of Energem Resources
Inc. which changed its name to FirstAfrica Oil plc. Adam is also Non-Executive Chairman of International Brand Licensing plc and a Director
of TSE Group plc.

    Senior Management Appointment
    The Company is also pleased to announce the senior management appointment of Gary Richards who joins the board of Wallgate's wholly
owned subsidiary, Wallgate Services Limited, as Business Development Director.  Gary brings with him over 25 years of experience in the
consumer electronics market, in a variety of commercial roles. In particular he spent 16 years at Comet and from 1999 to 2004 was
responsible for managing stock, which included all customer returns. His last role as MD of Philex Electronic involved selling to major
retail multiples in the UK and Europe.

    Howard Strowman, Chief Executive, of Wallgate Group commented:

    "Our growth strategy continues and substantial partnership opportunities have been identified including a major collaboration
transaction. In the current economic climate our retail and online divisions offer outstanding value to the consumer. 

    "We are delighted to have appointed new advisers and additions to the Board and senior management to support us in our growth
strategy."

    About Wallgate Group plc (AIM ticker: WGT.L)  www.wallgategroup.com
    Wallgate Group provides outsourcing services to major manufacturers, retailers and distributors with whom it works in partnership to
maximize their net asset recovery percentage on consumer returns. Through its 'RevShare' service Wallgate provides an end-to-end solution
for returns management including store collection, inventory management, refurbishment, repackaging and remarketing of consumer returns back
across all marketing channels including online, principally for higher value consumer electronics goods. Wallgate has a wide customer base
for remarketed products which includes major high street and online retailers.

 Enquiries:

 Wallgate Group plc
 Howard Strowman, Chief Executive  tel: +44(0)20 7559 1313
 Simon Fine, Finance Director      tel: +44(0)1204 706624

 Strand Partners Limited
 Simon Raggett                     tel: +44(0) 20 7409 3494

 St Helen's Capital Plc            tel: +44(0) 20 7628 5582
 Ruari McGirr  

 Hansard Group
 John Bick                         tel: +44(0) 20 7245 1100

    AIM Rules Schedule 2 Disclosure - for the purposes of paragraph (g) of schedule 2 of the AIM rules Adam Reynolds holds or has held the
following directorships:
 Current Directorships                    Past Directorships over last 5 years
 International Brand Licensing plc        FirstAfrica Oil Limited
 TSE Group plc                            64 Addison Road Limited
 TSE Brands Limited                       Curidium Medica PLC
 TSE Learning Limited                     Plectrum Petroleum Limited
 Sandford Limited
 Boldwood Limited
 Hansard Group Limited
 Hansard Communications.Com Limited
 Alan Bailey (Studios) Limited
 Wilton International Management Group
 Limited
 Wilton International Marketing Limited
 Wilton International Consulting Limited



This information is provided by RNS
The company news service from the London Stock Exchange
 
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