WSAG Woodburne Sq

TIDMWSAG

RNS Number : 6498R

Woodburne Square AG PLC

08 November 2011

08 November 2011

Woodburne Square AG plc (AIM: WSG)

DIRECTORATE CHANGE

The Board of Woodburne Square AG ('Woodburne' or the 'Company'), the silver and precious metals focused investment company, is pleased to announce that Gobind Sahney has been appointed as Non-Executive Director with immediate effect.

Gobind Sahney (aged 49) has a background in corporate finance and business management, recently becoming the Chairman and Managing Director of Alpha Universal Management Plc. At Alpha, Mr. Sahney is involved in the analysis, acquisition, collection, and disposition of performing and non-performing debt portfolios and other distressed opportunities for the Company's account and investors. Prior to AUM, Mr. Sahney, through GO Services LLC and other proprietary entities acquired over $750 million in distressed unsecured consumer receivables in the USA, Europe, and UK. Mr. Sahney serves as Chairman of Receivables Acquisition and Management Corporation, a debt purchasing platform in runoff. Mr. Sahney also serves as a Director of Argus Global Holdings Ltd based in London, UK. At Argus Mr. Sahney established and has oversight of a global recovery network and investments in international non-performing loan portfolios.

Additional disclosures pursuant to Schedule 2 (g) of the AIM Rules:

Current directorships:

Argus Global Limited

Argus Global Holdings Limited

Alpha Universal Management Plc

Receivable Acquisition & Management Corporation (USA)

Past directorships:

Pretium Management Limited

Receivable Acquisition & Liquidation LLC (USA)

GO Services LLC (USA)

There is no other information that is required to be disclosed with regards to the appointment of Gobind Sahney pursuant to Schedule 2 paragraph (g) of the AIM Rules.

Enquiries:

Woodburne Square AG plc

Martin Kiersnowski +44 (0) 207 562 3350

Libertas Capital Corporate Finance Limited

Sandy Jamieson +44 (0) 20 569 9650

This information is provided by RNS

The company news service from the London Stock Exchange

END

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