Resignation of Director
09 Mars 2009 - 1:22PM
UK Regulatory
TIDMCRK
RNS Number : 5435O
Clerkenwell Ventures PLC
09 March 2009
Clerkenwell Ventures PLC
("Clerkenwell Ventures" or the "Company")
Resignation of Director
Following the completion of the Proposals and the subsequent reduction of the
Company's net assets, Clerkenwell Ventures announces that Stefan Borson,
Corporate Development Director, has resigned from the Board with immediate
effect and will leave the Company in April 2009.
The Board would like to thank Stefan for his diligent work and valuable
contribution in seeking and evaluating potential investments for the Company
since joining in August 2007. David Page, Chairman commented "Stefan's detailed
evaluation of potential investments and his stance on valuation in the face of a
tough trading environment and uncertain outlook proved to be eminently sensible.
The Board wishes him success in his future projects."
There is no intention to replace Stefan at this stage and the Company's
Non-executive Directors and its advisers will continue to evaluate potential
investments for the Company.
All capitalised terms in this announcement have the meanings set out in the
Company's Circular dated 9 January 2009.
For further information please contact:
Clerkenwell Ventures PLC Tel: 0870 066 2099
David Page, Non-Executive Chairman
Nick Wong, Company Secretary
Seymour Pierce Limited Tel: 0207 107 8000
Richard Feigen
This information is provided by RNS
The company news service from the London Stock Exchange
END
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