REG - Inspired Capital PLC - Directorate Change <Origin Href="QuoteRef">INSCI.L</Origin>

InspiredAnnouncement

15/07/2015 18:00

RNS Number : 4059N
Inspired Capital PLC
18 May 2015
18 May 2015
Inspired Capital plc
("Inspired" or the "Company")
Directorate Change
Inspired Capital plc (AIM: INSC) announces that Mr Brian Cole will step down from the board and resign as Chief Executive Officer with immediate effect. Jeremy Coombes, currently Chief Operating Officer, will take over as Interim Chief Executive Officer. Jeremy was previously CEO of AIM traded Ultimate Finance Group plc before its acquisition by Inspired in September 2013.
In addition, Matt Cooper will also be stepping down with immediate effect and resigning from the Board. Roger McDowell, senior independent non-executive Director, will take over as Interim Chairman. Roger was previously the Chairman of AIM traded Ultimate Finance Group plc before its acquisition by Inspired.
The Board will start a recruitment process which will include engagement of an appropriate search company.
The Board would like to thank Brian and Matt for their significant contribution to developing and implementing the Group's strategy which is already showing good growth in the loan book.
Jeremy Coombes, CEO of Inspired Capital commented: "Inspired's loan book has continued to grow and stands at record levels of 71.9m as at 30 April 2015 representing 53.3% growth year on year. We remain optimistic regarding the Group's outlook and future prospects."
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Inspired
Roger McDowell
Jeremy Coombes
via Newgate
Cenkos Securities
Max Hartley (Corporate Finance) 
Julian Morse (Sales)
Oliver Baxendale (Sales)
+44 (0) 20 7397 8900
Newgate 
Tim Thompson
Jasper Randall
Andre Hamlyn
+44 (0) 20 7653 9850
About Inspired Capital plc
Inspired Capital is building by organic growth and acquisition a new customer-friendly force in SME lending by deploying long term capital. There is an opportunity to grow considerably in an underserved sector, with SMEs traditionally finding credit difficult to access from the major clearing banks that often focus on the security and stability of retail and larger corporate lending.

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