Appointment of Group FD

RNS Number:8158R
EBTM PLC
08 April 2008


EBTM.L

                                    EBTM plc
                           ("EBTM" or the "Company")


                     APPOINTMENT OF GROUP FINANCE DIRECTOR


EBTM plc, the online retailer and wholesaler of music inspired fashion,
announces the appointment of Ian Richard Collins, aged 40, as Group Finance 
Director with immediate effect. He is a qualified Chartered Accountant with 16 
years' post qualification experience, largely gained at senior management 
positions including within the music industry.

Prior to joining EBTM, Ian was Director of Financial Planning and Analysis at
Sanctuary Music Group ("Sanctuary") from June 2006 until December 2007. While at
Sanctuary, he was part of the team that turned the Recorded Music Department's
performance around in two years to a break even position from a �60 million loss
and introduced strong internal controls and processes to prepare the label for
its eventual sale to Universal Music in 2007.

His previous career included eight years at Virgin Records where he attained the
position of Head of Business Support. Following Virgin Records' merger with EMI,
he was appointed to the same role leading the consolidated EMI and Virgin team
where, reporting directly to the Chief Financial Officer at EMI Music UK, he was
responsible for reviewing the performance of all the UK's divisions as well as
leading their annual budgeting processes.

Ian has held other senior management positions, most notably as Commercial
Director for the Specialist Sector of First Choice Holidays from May 2005 to May
2006.

Ian has been granted 2,500,000 share options which will vest on the achievement
of certain profit targets for the years ending 30 April 2008, 30 April 2009 and
30 April 2010.

There is no further information required to be disclosed in respect of Mr
Collins pursuant to Paragraph (g) of Schedule 2 of the AIM Rules.

Simon Hargreaves, who has been filling the role of interim Finance Director,
will resume his previous position as a non-executive director. In recognition of
the contribution that Simon has made, he has been granted options over 1,000,000
ordinary shares at a price of 2.38p per share. 500,000 of these may be exercised
now and the balance in 18 months' time, conditional on continued employment.

Grant Calton, Commercial Director, has indicated his intention to reduce his day
to day involvement with the business and will relinquish his executive
responsibilities with immediate effect. Grant has agreed to continue his
involvement with the Company as a non-executive director.


Commenting on the changes, David Howell, Chairman, said:

"The business is in a phase of rapid development and I am delighted that Ian
will be joining us at this time. His wide ranging financial experience, both
inside the music industry and outside it, will be invaluable to us."


Enquiries:

EBTM plc              
David Howell, Chairman                                             07980 899 217   
Simon Hargreaves, Director                                         07768 637 643

Nominated Adviser                                                  020 7710 7400
Nabarro Wells & Co. Limited
Hugh Oram

Biddicks                                                           020 7448 1000
Zoe Biddick




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

END
BOAUBABRWSRSRAR
Ebtm (LSE:EBTM)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024