Directorate Change
13 Septembre 2010 - 8:22AM
UK Regulatory
TIDMTWL
RNS Number : 5503S
Weather Lottery PLC (The)
13 September 2010
13 September 2010
THE WEATHER LOTTERY PLC
('The Weather Lottery', 'TWL' or the 'Company')
Director Change and Appointment of Joint Broker
The Board of TWL, the on-line lottery and gaming company, has been informed by
Keith Millhench, the Managing Director, that due to ill health he is unable to
carry on with his duties and accordingly and regrettably he has resigned from
the Board. The management and running of the Lottery business will not be
affected as Kevin Young who has worked alongside Keith for the last 13 years,
has been formally appointed Chief Technical Manager to run the business. Keith
will assist TWL to ensure a smooth transition to the new management.
The board of TWL has begun the process of identifying a new CEO to run TWL as it
develops in both its established lottery business and its emerging gaming
activities, and hopes that it will be able to announce the appointment in the
near future.
The Board are pleased to announce the appointment of Religare Capital Markets,
presently its Nomad, to act as Joint Brokers alongside SVS Securities to assist
the Board with the future development of the Company.
Finally the Board confirms that it continues negotiations with media, sporting,
charitable and political organisations to provide its lottery and gaming
services to new and important customers. It hopes and expects to make
announcements of the conclusion of successful negotiations in the near future.
Chairman Lord Razzall CBE commented, "The Board thanks Keith's for all his
efforts over the years and wishes him well for the future"
---ENDS---
For further information contact:
The Weather Lottery PLC
01777 818 036
Kevin Young
Website www.theweatherlottery.com
Religare Capital Markets (Nomad & Joint Broker)
020 7444 0800
Nick Harriss
SVS Securities (Joint Broker)
020 7638 5600
Ian Callaway/Alex Mattey
This information is provided by RNS
The company news service from the London Stock Exchange
END
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