Directorate Change
19 Septembre 2007 - 10:00AM
UK Regulatory
RNS Number:0736E
Atlantic Global PLC
19 September 2007
Press Release 19 September 2007
Atlantic Global Plc
('Atlantic Global' or 'the Company')
Directorate Change and Share Options Granted
Atlantic Global Plc, the specialist provider of integrated business and resource
management software applications announced earlier today that Adrian Bradshaw
has been appointed Non-Executive Chairman as of 19 September 2007 and that
Steve Allen, Non-Executive Chairman will step down from the Board with immediate
effect.
The Board would like to acknowledge the contribution made by Steve during his
tenure as Non-Executive Chairman in achieving the short term aim to restore
operational stability, revenue growth and profitability. From this solid
platform the Company is looking forward to executing the new acquisition
strategy following the appointment of Adrian Bradshaw as Non-Executive Chairman.
Adrian (with his co-director at Bradmount, Peter Mountford), has today entered
into an option agreement to purchase one million Atlantic Global existing shares
from Eugene Blaine, Managing Director of Atlantic Global, exercisable at a price
of 25p per share at any time within the next two years.
Adrian Bradshaw (50) is currently is a director of AssetCo PLC and Shieldtech
PLC, both of which are listed on AIM and is also a director of Bradmount
Investments ("Bradmount") who have been instrumental in a number of AIM
listings. Bradmount facilitated Atlantic Global's admission to AIM in 2001 and
Adrian has extensive knowledge of the Company.
The following information in respect of Adrian is disclosed in pursuant to Rule
17 Schedule 2(g) of the AIM Rules:
Current Appointments:
Bradmount Investment Limited
AssetCo PLC
Shieldtech PLC
Past Appointments:
Citicorp Scrimgeour Vickers
NatWest Markets
Guidehouse Limited
Arbuthnot Latham Bank
Incepta Group PLC
There is no further information to disclose.
- Ends -
For further information please contact:
Atlantic Global Plc
Eugene Blaine, Managing Director Tel: +44 (0) 1274 863 300
Rupert Hutton, Finance Director
eugene.blaine@atlantic-global.com
rupert.hutton@atlantic-global.com www.atlantic-global.co.uk
Collins Stewart Europe Limited Tel: +44 (0) 207 523 8350
Mark Connelly, Director, Corporate Finance
Media enquiries:
Abchurch
Emma Johnson / Sarah Hollins Tel: +44 (0) 207 398 7784
Emma.johnson@abchurch-group.com www.abchurch-group.com
Notes to editors
Atlantic Global develops innovative software applications that enable
organisations to monitor, manage and model the fundamental pillars of their
business - resources, skills and costs.
In addition to its flagship Corporate VisionTM solution, which offers a
real-time, role-based view of business operations, Atlantic Global Business
SolutionsTM also offers a series of business management-focused applications
including planning and resource management, timesheet and expense tracking,
business information tracking, risk management and contractor management.
Atlantic Global's customer base ranges from SMEs to Global 1,000 organisations
and includes: Aircom International; Barclays; GlaxoSmithKline; Norwich Union;
Pfizer; Provident Financial; Kingston Communications; The Metropolitan Police;
Tiscali and Virgin Mobile.
Atlantic Global is widely recognised by software industry analysts as being in
the top 25 vendors within the emerging Project Portfolio Management (PPM)
market. More specifically, it is one of only two European organisations included
in Gartner's 'Magic Quadrant' for PPM.
Founded in 1993, Atlantic Global is headquartered in West Yorkshire, England. It
listed on the Alternative Investment Market of The London Stock Exchange (AIM)
in June 2001.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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