TIDMMCAP

RNS Number : 0975K

Mission Capital PLC

11 July 2011

Mission Capital PLC

("Mission Capital" or "the Company")

Board and Senior Management Changes

The Board of Mission Capital (AIM: MCAP.L), the holding company of Quindell Limited ("Quindell"), is pleased to announce the appointment of Laurence Moorse as Group Finance Director of the Company subject to final due diligence.

Laurence, aged 38, has worked at senior management and board level for international groups across a broad range of sectors including the software, outsourcing, telco and engineering industries. Having commenced his career in 1994 at Deloitte, where he qualified as a chartered accountant, he worked for Innovation Group PLC between 2000 and 2006 holding a number of positions including UK Finance Director, and Chief Financial Officer. For the past two years Laurence was a senior member of the finance team at the international engineering group, Hamworthy PLC.

The Board also announces that Dominic Milton, who had previously held the position of Interim Finance Director, has stepped down from the Board. Dominic will continue his role in the Company as Corporate Development Officer. Tracey Terry, who left the board of Quindell Limited prior to its acquisition by Mission Capital, has now divided her role as Head of HR and Communications to focus full time on investor relations and communications and Keith Hayward has been newly appointed as Chief Human Resources Officer, focussed on integration of the acquired businesses.

Mission Capital's Chief Executive Officer, Robert Terry commented:

"We are delighted that Laurence has now joined the Board, enabling the Company to meet its previously stated intention of appointing a full time Finance Director. Laurence's experience and technical expertise will prove invaluable to the Company during this period of rapid growth. The changes announced today continue to reflect our commitment to the development of a Board and senior management team that meets with leading practice corporate governance guidance for a group such as ours".

The following disclosures are required regarding Mr Moorse's appointment, pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies:

 
Current Appointments:          Appointments within the 
                                last 5 years: 
The Built Environment Limited  Assetcare Services Limited 
                               Motorcare Restored Limited 
                               Motorcare Services Limited 
                               Quindell Limited 
                               Turing SMI Group Limited 
                                (in Liquidation)

Laurence currently holds 16,088,915 ordinary shares of 1p each in the Company, representing approximately 1 per cent. of the Company's issued share capital

For further information:

 
 Mission Capital PLC             Tel: 01329 830 501 
  Rob Terry, Chief Executive 
  Officer 
------------------------------  ------------------- 
 Laurence Moorse, Group          Tel: 01329 830 534 
  Finance Director 
------------------------------  ------------------- 
 
 Daniel Stewart & Company        Tel: 020 7776 6550 
  PLC 
  (Nominated Adviser & Broker) 
  Oliver Rigby 
------------------------------  ------------------- 
 
 Hudson Sandler 
  (PR) 
------------------------------  ------------------- 
 Charlie Jack                    Tel: 020 7796 4133 
------------------------------  ------------------- 
 
 Media Enquiries 
------------------------------  ------------------- 
 Mission Capital PLC             Tel: 01329 830 501 
  Tracey Terry, Communications 
  Officer 
------------------------------  -------------------

Notes to Editors: About Quindell and Mission Capital Plc

Mission Capital Plc is the holding company of Quindell which was founded in 2000 and develops, provides and utilises its own multi-channel e-business based Enterprise Resource Planning and Business Process Management solutions and related services to facilitate efficient and effective management of customer acquisition and servicing within finance, insurance, telecoms, utilities and other related industries. Quindell also develops and operates a leisure business model utilising its Enterprise Resource Planning solutions as a reference environment for its own technology and cross selling solutions, to be resold to third parties leisure businesses or via franchise models. Quindell provides consultancy on, and fully utilises within its own operations, online strategies, permission based marketing, membership models and cross selling to maximise revenue per customer.

For further information, please visit www.quindell.com or www.missioncapitalplc.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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