Directorate Change
January 27 2010 - 1:00AM
UK Regulatory
TIDMSCEL
RNS Number : 1682G
Sceptre Leisure PLC
27 January 2010
Sceptre Leisure plc
("Sceptre" or "the Company")
APPOINTMENT OF NEW FINANCE DIRECTOR
Sceptre, a leading supplier of amusement machines in the UK, is pleased to
announce that Adrian Gare has been appointed
Group Financial Director and has
joined the Board with immediate effect.
Adrian has until recently been a Director of Corporate Finance at Baker Tilly in
Manchester and worked closely with the team at Sceptre Leisure for the last 10
years. During that time he has advised on various Sceptre acquisitions including
Crown Leisure Rentals, which propelled Sceptre Leisure from a regional machine
operator to become a national supplier.
Adrian is a qualified Chartered Accountant and also holds the Corporate Finance
qualification issued by the Institute of Chartered Accountants of England and
Wales. Sceptre is an acquisitive company that most recently acquired Australian
8 Ball, its first purchase since becoming a public company. Adrian will be
instrumental in considering more options in the immediate future.
As a result of Adrian's Group appointment, Lesley Humphrys will take on the
operational role of Finance Director for Sceptre Leisure Solutions Ltd and Regal
Amusements Ltd, the principal trading companies within the Group and step down
from the Board. Lesley has considerable experience of the complexities and
dynamics required to derive shareholder value from these organisations with
Adrian's appointment further facilitating this.
Ken Turner, Sceptre's Chief Executive Officer, commented:
"We believe we have the best management team within our sector and as we seek to
continue to develop the Company by both acquisition and organic growth we
require a very strong finance team to ensure profitability, compliance and
controls. Adrian will also add significant experience of corporate finance. I am
both excited and proud to be leading such a dynamic team and business."
The disclosures required to be made under Rule 17 of the AIM Rules in respect of
the new directors are set out in the Appendix to this announcement.
27 January 2010
Enquiries:
+-------------------------------------+-------------------------------------------+
| Sceptre Leisure plc | 01772 694242 |
| Ken Turner | |
| | |
+-------------------------------------+-------------------------------------------+
| Seymour Pierce (NOMAD and Broker) | 0207 107 8000 |
| Sarah Jacobs / Christopher Wren | |
| | |
+-------------------------------------+-------------------------------------------+
| College Hill | 0207 457 2020 |
| Matthew Smallwood / Justine Warren | |
+-------------------------------------+-------------------------------------------+
APPENDIX
Michael Adrian Gare, aged 39, holds, or has held within the past five years, the
following directorships:
+------------------------+---------------------------------+------------------------+
| Position | Company/Partnership | Position still held |
+------------------------+---------------------------------+------------------------+
| Director | Cheshire Design Ltd | No |
+------------------------+---------------------------------+------------------------+
| Partner | Ballard Campbell and Partners | No |
| | Limited | |
+------------------------+---------------------------------+------------------------+
| Director | Instem Associates Limited | No |
+------------------------+---------------------------------+------------------------+
There is no further information to disclose in respect of Adrian Gare under
paragraph (g) of schedule 2 of the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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