Directorate Change and New Appointments (9429X)
23 Février 2012 - 8:00AM
UK Regulatory
TIDMVSA
RNS Number : 9429X
VSA Capital Group PLC
23 February 2012
AIM: VSA
VSA Capital Group plc
("VSA Capital Group" or "the Group")
Directorate Change and New Appointments
23 February 2012
Change of Non-Executive Chairman
VSA Capital Group, the AIM listed natural resources focused
investment banking and institutional broking firm, announces the
appointment of Gavin Casey as Non-Executive Chairman with effect
from 2 April 2012.
Gavin, 65, has extensive experience in the financial services
industry. He became Chief Executive of the London Stock Exchange in
1996 and in the ensuing four years the Exchange was transformed
from a loss-making mutual society into a highly profitable public
company. Previously, from 1989, Gavin was Group Finance Director
and, latterly, Chief Operating Officer of international securities
house Smith New Court until it was sold to Merrill Lynch in
1995.
Lyndon Chapman will be stepping down as Non-Executive Chairman
to concentrate on his other business interests, but will work with
Gavin to ensure a smooth transition between now and 2 April
2012.
Andrew Monk, Chief Executive of VSA Capital Group,
commented:
"We are delighted that Gavin has agreed to join the board of the
Company and believe that his experience will be of considerable
benefit to the Group as it continues its growth strategy and
pursues its aim of creating a leading independent investment bank
focused on natural resources.
On behalf of the Board, I would also like to thank Lyndon for
his significant contribution to the Group since it was founded in
2004 and, in particular, for successfully guiding it through the
period of change from a software distribution company to a
financial services business. "
Recruitment at VSA Capital Limited ("VSA")
VSA, the Group's principal operating subsidiary, is pursuing its
strategy of commencing secondary trading, applying for Nominated
Adviser status with the London Stock Exchange and continuing the
recruitment of additional quality staff to fulfil its aim of
becoming a leading institutional broking and investment banking
firm in London focused on natural resources.
James Pinner, Derek Crowhurst and Peter Trevelyan-Clark have
agreed to join VSA from the Nomad and Main Market Sponsor
department of Religare Capital Markets UK Limited ("Religare") to
add to the company's existing capabilities in Corporate Finance and
to assist in servicing the needs of VSA's growing corporate client
base.
VSA submitted a Variation of Permissions application to the FSA
in November 2011 and is planning to commence secondary trading in
the second quarter of its next financial year. In line with that
strategy, Neil Ridley has also agreed to join VSA from Religare at
the beginning of April as VSA's new Head of Trading.
The Group is also encouraged by the fact that VSA has begun to
receive commission sharing arrangement ("CSA") payments for the
research products that have been developed and distributed to
institutional investors over the last 12 months.
Pursuant to AIM Rule 17, Schedule Two paragraph (g), the
following information is disclosed in respect of Gavin Casey's
appointment:
Gavin Frank Casey currently holds 975,000 ordinary shares in the
capital of VSA Capital Group and is currently a director of Gardant
Communications Limited.
Within the last five years he has been a director of:
-- Arvato Credit Solutions Limited
-- Astaire Group Limited
-- Baronsmead VCT 5 Plc
-- The Crucible Debt Purchase Company Limited
-- Eco Animal Health Group Plc
-- EDM Group (Holdings) Limited
-- IDH Group Limited
-- VTB Capital PLC
There is nothing further which is required to be announced
pursuant to the AIM Rules.
For further information, please contact:
VSA Capital Group plc
Andrew Monk, CEO or Peter Joy, FD 020 3005 5000
Blythe Weigh Communications
Tim Blythe/Ana Ribeiro/Matthew Neal 020 7138 3204
Shore Capital and Corporate Limited
Bidhi Bhoma or Toby Gibbs 020 7408 4090
Rivington Street Corporate Finance
Jon Levinson 020 7562 3357
NOTES TO EDITORS
VSA Capital Group plc is an international investment banking and
institutional broking group headquartered in London. Via its
subsidiary, VSA Capital Limited, the group provides corporate
finance, broking, research, sales and capital raising capabilities
to companies in the natural resources sectors; Oil & Gas,
Mining, Agriculture and Timber. VSA Capital Limited is authorised
and regulated by the FSA and advises companies listed in London
(AIM and the Main Market), Canada (TSX) Australia (ASX) and the USA
(OTCBB) with assets on every continent. The firm currently has 20
retained corporate clients with an aggregate market value of over
$1bn.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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