Directorate Change
September 11 2003 - 11:28AM
UK Regulatory
RNS Number:6775P
Bolton Group (International) Ld
11 September 2003
BOARD CHANGES
Bolton Group (International) Limited ("Bolton Group" or the "Company") announces
that on 8 September 2003 Mr Joseph Vure and Mr Israel Librowski vacated their
offices as directors of the Company.
On 9 September 2003, Mr Nicholas J A Littlewood was appointed as the Chairman
and as a Director of Company and Mr Jack Law was appointed the Chief Executive
Officer of the Company. Mr Peter Derby resigned as Chairman and as a Director of
the Company on the same day.
On 4 September 2003, Mr Littlewood subscribed for 3,030,000 new ordinary shares
in the Company at 1.29p per share in cash. Application will be made to the UK
Listing Authority for admission of these shares in due course.
The Company also announces that the following share options were granted on 9
September 2003 under the Company's Unapproved Share Option Scheme:-
No. of Share Exercise
Grantee Options Granted Price per Share
Nicholas Littlewood 1,200,000 1.435p
Jack Law 3,000,000 1.435p
Nicholas Littlewood, the new Chairman of Bolton Group, said: "The recent changes
to the Board enhance the opportunity for us to seek further expansion into other
fields, which offer greater potential for growth, such as the media and real
estate sectors in China."
There are no disclosures required to be made in respect of Mr Littlewood under
paragraph 6.F.2 of the Listing Rules.
Bolton Group also announces that with effect from 1 October 2003, the registered
office of the Company will be chnanged to Canon's Court, 22 Victoria Street,
Hamilton, HM12 Bermuda.
For further information, please contact:
Bolton Group (International) Limited Tel: 0191 261 8694
Nicholas Littlewood, Chairman
Rawlings Financial PR Limited Tel: 01756 770 376
Catriona Valentine
This information is provided by RNS
The company news service from the London Stock Exchange
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