RNS Number : 0786O
Adams PLC
22 May 2015
Adams plc
("Adams" or the "Company")
Directorate Appointment
Adams is pleased to announce the appointment of Michael Bretherton as non executive director as the Company continues to advance its investment policy.
Mr Bretherton has considerable experience through his past directorships of private and public companies. His principal role from May 2006 to July 2014 was that of Finance Director of Channel Islands' based ORA Capital Partners Limited, an investment company with active interests in early stage growth companies. In August 2014 he became Executive Chairman of AIM listed Sarossa plc which invests in technology companies. Mr Bretherton is a chartered accountant having trained at PriceWaterhouse and acted as Finance Director in a number of public and private firms.
Nicholas Nelson, Chairman, Adams plc, commented:
"With his extensive past and current experience in small company investment, Mike is a natural addition to the board. He will be of great assistance as we move forward with our investment policy"
Current directorships and those in the past five years for Michael Anthony Bretherton ACA, age 59, are set out in the table below:
Current Directorships
Directorships in the past five years
Blake Holdings Limited
Abway Enterprises Corp
ORA Limited
Ceres Power Holdings Limited
ORA Charitable Trust Limited
Foram Properties Limited
Sarossa Plc
Nanoco Group Plc
Nanoco Tech Limited
Obtala Resources Limited
Obtala Limited
Obtala Services Limited
ORA Capital Partners Limited
ORA Capital Services Limited
ORA Guernsey Limited
ORA Land Limited
ORA Properties Limited
Oxford Advanced Surfaces Group Plc
Oxford Pharmascience Ltd Plc
Oxford Pharmascience Group Plc
Oxford Nutra Ltd
Oxray Ltd
Sarossa Capital Limited
Tissue Regenix Group Plc
Michael Bretherton was a non-executive director of Brimley & Co. Limited ("Brimley"), a wholly owned subsidiary of Bridgend Group plc until the reverse acquisition of that company by Hemscott Holdings Limited on 15 August 2000, at which time he resigned from the board of the enlarged Hemscott company and all its subsidiaries including Brimley. Subsequent to that acquisition and Mr Bretherton's resignation, the business and certain assets of Brimley were sold, its name was changed to XLIV Limited and it was then placed into creditors voluntary liquidation on 31 October 2000 with an estimated deficiency as regards external creditors of 168,000.
There are no further disclosures to be made under the AIM Rules For Companies Schedule Two.
Enquiries:
Adams plc
Nicholas Nelson
nelson@nexfin.org.uk
Nomad
Cairn Financial Advisers LLP
Sandy Jamieson
Tel: +44 207 148 7900
Broker
Peterhouse Corporate Finance Limited
Heena Karani
Tel: +44 207 469 3393
This information is provided by RNS
The company news service from the London Stock Exchange
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