ACS AI Claims

TIDMACS

RNS Number : 1893Y

AI Claims Solutions PLC

17 December 2010

17 December 2010 Ai Claims Solutions PLC

Chairman's Service Agreement

Ai Claims Solutions PLC ("Ai"), the ethical after accident solution provider, announces that it has today settled its obligations under the terms of the letter of appointment of Steve Broughton, Chairman, dated June 2008. In line with the terms of his appointment, the 2,750,000 phantom options that had vested were settled by Ai for a cash consideration of GBP66,000.00 payable to the Chairman.

Steve Broughton will continue to act as Chairman following the conclusion of this arrangement, and he has agreed in principle the terms of a new service agreement with Ai, under which his remuneration will be based in part on the appreciation of Ai's shares from a base figure of 20p. Further details of this agreement will be announced in due course.

Enquiries:

 
 Ai Claims Solutions plc 
 David Sandhu                     0844 571 3108 
 Peter Harrison                   0844 571 3200 
 
 Shore Capital & Corporate Ltd 
 Dru Danford / Stephane Auton     0207 408 4090 
 

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