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Friday, 19 May 2017

Shore Capital Group Limited : Confirmation of Directorate Change

     

Published: 08:00 CEST 19-05-2017 /GlobeNewswire /Source: Shore Capital Group Limited / : SGR /ISIN: GG00BGCZJ741

Shore Capital Group Limited : Confirmation of Directorate Change

Shore Capital Group Limited

 

("Shore Capital" or the "Company")

 

Confirmation of Directorate Change

 

Further to the announcement of 29 March 2017, the Company is pleased to confirm that following receipt of regulatory approvals, Simon Fine and David Kaye have today been formally appointed to the Company's Board of Directors.

 

Simon Fine joined Shore Capital in 2002 as CEO of Shore Capital Markets, responsible for all aspects of trading and brokerage as well as the integration of related corporate broking activities. He is the former Managing Director and Co-Head of Pan European Equity Cash Trading at Lehman Brothers. Prior to that, Simon spent the previous 14 years at Dresdner Kleinwort Benson, latterly as Head of Pan European Equity Cash Trading developing its UK operations into one of the leading players in UK and German equities.

 

David Kaye graduated from Oxford University with a degree in law and was called to the Bar in 2000. David practised as a barrister at a leading London set of chambers for five years, specialising in advising on a range of complex commercial legal issues with a particular focus on financial investments and real estate. He joined Shore Capital in January 2006 and having been Commercial Director and General Counsel for the Group, became CEO of the asset management division on 1 May 2012.

 

- Ends -

 

 

 

 

Enquiries:

 

Shore Capital

Lynn Bruce

 

 

 

+44 (0) 14 8172 4222

 

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett

Jamie Barklem

Carolyn Sansom

 

+44 (0) 20 7383 5100

Bell Pottinger (Public Relations)

Jonathan Hodgkinson

+44 (0) 20 3772 2500

                                     

 

 

The following information is required pursuant to Schedule 2(g) of the AIM Rules for Companies.

 

Simon Peter Fine (aged 52) currently holds, and has held (including all appointments during the five years preceding the date of this announcement), the following directorships and partnerships, other than of the Company:

 

Current directorships/partnerships

Past directorships/partnerships

 

Shore Capital Markets Limited

SCSF LLP

Shore Capital Stockbrokers Limited

The Aquarius Film Company (No4) LLP

Puma Nominees Limited

 

The Zodiac Film Company (No.1) LLP

 

The Zodiac Film Company (No.2) LLP

 

Charterhouse Stockbrokers Limited

 

 

Simon Fine holds 283,407 ordinary shares of nil par value in the Company ("Ordinary Shares) and 472,727 options in the Company. Simon Fine also holds 10,000 B redeemable shares in Shore Capital Markets Limited ("SCML"), a subsidiary of the Company.

 

David Robert Kaye (aged 39) currently holds, and has held (including all appointments during the five years preceding the date of this announcement), the following directorships and partnerships, other than of the Company:

 

Current directorships/partnerships

Past directorships/partnerships

 

Shore Capital International Asset Management Limited

Puma Hotels B2 Limited

Puma Property Advisors Limited

Palmer Lending Limited

Puma Property Investment Advisory Limited

Primrose Lending Limited

Realty Investment Advisors Limited

Mayfield Lending Limited

Brandenburg Realty Limited

Lavender Lending Limited

Brandenburg Realty CFC Limited

Meadow Lending Limited

Brandenburg Realty Poolco Limited

Bayswater Lending Limited

Brandenburg Realty Holdings LP

Victoria Lending Limited

Lancaster Lending Limited

Sloane Lending Limited

PI Administration Services Limited

Marble Lending Limited

Shore Capital Fund Administration Services Limited

Tottenham Lending Limited

Puma Investment Management Limited

Piccadilly Lending Limited

Shore Capital Trading Limited

Valencia Lending Limited

Shore Capital Investments Limited

Buckhorn Lending Limited

Shore Capital International Limited

Lothian Lending Limited

Shore Capital Finance Limited

Latimer Lending Limited

Shore Capital Management Limited

Paramount Hotels Limited

Shore Capital Group plc

Carlton Hotel (Edinburgh) Limited

Shore Capital Corporate Services Limited

Paramount Hotels Holdings Limited

Shore Capital Limited

Furlong Cotswolds Limited

Shore Capital Treasury Limited

Paramount Hotels (Hinckley) Limited

Puma Brandenburg Limited

Scottish Highland Hotels Limited

Puma Investments Limited

Paramount Hotels Investments Limited

 

Combe Grove Manor Hotel & Country Club Limited

 

Paramount Hotels Group Limited

 

Paramount Hotels (Basingstoke) Limited

 

Old Ship Hotel (Brighton) Limited

 

Furlong Hotels Limited

 

Paramount Hotels (Daventry) Limited

 

Stirling Highland Hotel Limited

 

Paramount Hotels Walton Hall Limited

 

The Lygon Arms Hotel Limited

 

Paramount Hotels Services Limited

 

UK Group Of Hotels plc

 

K.M. Radcliffe Limited

 

 

David Kaye resigned as a director of each of the following companies on 1 October 2013:

Carlton Hotel (Edinburgh) Limited; Paramount Hotels Holdings Limited; Furlong Cotswolds Limited; Paramount Hotels (Hinckley) Limited; Scottish Highland Hotels Limited; Paramount Hotels Investments Limited; Combe Grove Manor Hotel & Country Club Limited; Paramount Hotels Group Limited; Paramount Hotels (Basingstoke) Limited; Old Ship Hotel (Brighton) Limited; Furlong Hotels Limited; Paramount Hotels (Daventry) Limited; Stirling Highland Hotel Limited; Paramount Hotels Walton Hall Limited; The Lygon Arms Hotel Limited; Paramount Hotels Services Limited. He resigned as a director of Paramount Hotels Limited on 16 May 2014.

 

In respect of each of those companies listed in the paragraph above, an administrator was appointed on 11 September 2014 and each of those companies has since been dissolved. Mr Kaye resigned as a director of UK Group of Hotels plc on 16 September 2013. An administrator was appointed on 4 August 2014 and the Company was dissolved on 7 November 2015.

 

David Kaye holds 57,994 Ordinary Shares and 245,000 options in the Company.

 

On 24 March 2017 Shore Capital International Asset Management Limited ("SCIAML") a subsidiary of the Company, awarded 378,192 growth shares to David Kaye. The award is subject to relevant approvals. As part of the transaction, SCIAML will acquire Mr Kaye's existing shares in Puma Investment Management Limited ("PIML") in exchange for 222,000 ordinary shares in SCIAML. Following the transaction, SCIAML will own 91.85% of PIML and accordingly Mr Kaye's holding of ordinary shares in SCIAML will equate to his existing economic interest of 20.39% in PIML. Subject to meeting specific growth targets for the profitability and value of the SCIAML business within a 10 year period. Mr Kaye's holding of growth shares together with his holding of ordinary shares in SCIAML will in aggregate represent a maximum entitlement of 43.55% of SCIAML which will equate to an economic interest of 40.00% in PIML.

 

There are no further disclosures to be made in accordance with Rule 17 and Schedule 2(g) of the AIM Rules.

 

 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Shore Capital Group Limited, Regency Court Glategny Esplanade, St Peter Port Guernsey GY1 3RH, UK
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