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TND - Tandem News Story

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Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £19.4m
Enterprise Value £17.5m
Revenue £38.8m
Position in Universe 1380th / 1807

Tandem Grp PLC Result of AGM and Board changes

Tue 22nd June, 2010 10:02am
TIDMTND

RNS Number : 0118O
Tandem Group PLC
22 June 2010

?
Tandem Group plc
(the 'Company')

Result of Annual General Meeting (AGM) and Board Changes
The Board of Tandem Group plc (AIM: TND), designers, developers and distributors
of sports and leisure equipment, is pleased to announce that all resolutions
proposed at the Company's AGM were approved.

As previously announced on 28 April 2010, Graham Waldron did not offer
himself for re-election at the AGM and Mervyn Keene, previously Group Finance
Director, succeeds him as Non-Executive Chairman.
Steve Grant, currently Commercial Director, becomes Chief Executive Officer.
Jim Shears has been appointed to the Board as Group Finance Director.
Jim joined the Company as Group Financial Controller in 2002. He was appointed
Company Secretary in 2008. He previously worked for the Audit Commission, IFG
Group plc and AWG plc where held various financial roles. Jim is a Fellow of
the Institute of Chartered Accounts in England and Wales.
Commenting on the changes, Mervyn Keene, Non-Executive Chairman, said:
"The Board are very grateful for the work and wise counsel that Graham has given
over the years. He has ensured that the Board has delivered profitability and
strengthening of the balance sheet. Steve has a wealth of experience in the
sports and leisure industry and I am sure he will make a valuable contribution
as Group Chief Executive. Jim's financial experience will ensure the robust
financial controls and reporting that he has overseen within the Group are
maintained."
Following the Board changes, the Company announces that it has restructured the
Audit, Nominations and Remuneration Committees which are now comprised as
follows:

+---------------------------------+---------------------------------+
| Audit Committee | Mervyn Keene (Chairman) |
| | Simon Morris |
+---------------------------------+---------------------------------+
| Nominations Committee | Mervyn Keene (Chairman) |
| | Andy Bestwick |
+---------------------------------+---------------------------------+
| Remuneration Committee | Mervyn Keene (Chairman) |
| | Andy Bestwick |
| | Simon Morris |
+---------------------------------+---------------------------------+

Enquiries:
Tandem Group plc
Jim Shears, Group Finance Director and Company Secretary
Tel: 0121 748 8075

Cairn Financial Advisers
Tony Rawlinson
Tel: 020 7148 7901
Further information
Jim Shears, aged 36, has an interest in 1,440 ordinary shares in the Company and
has held the following directorships or partnerships within the last 5 years:
+---------------------------------+---------------------------------+
| Current | Past |
+---------------------------------+---------------------------------+
| Ben Sayers Limited | Ehook.co.uk Limited |
| | |
+---------------------------------+---------------------------------+
| Casket plc | |
+---------------------------------+---------------------------------+
| Casket Group Pension Trustee | |
| Limited | |
+---------------------------------+---------------------------------+
| Casket Leisure Products Limited | |
+---------------------------------+---------------------------------+
| Chelful Limited | |
+---------------------------------+---------------------------------+
| Dawes Cycles Limited | |
+---------------------------------+---------------------------------+
| Kingsley & Forester Group plc | |
+---------------------------------+---------------------------------+
| MV Sports Group plc | |
+---------------------------------+---------------------------------+
| MV Sports & Leisure Limited | |
+---------------------------------+---------------------------------+
| M.V. Sports (Hong Kong) Limited | |
+---------------------------------+---------------------------------+
| Pot Black Limited | |
+---------------------------------+---------------------------------+
| Primacy Limited | |
+---------------------------------+---------------------------------+
| S Casket Limited | |
+---------------------------------+---------------------------------+
| Tandem Group Cycles Limited | |
+---------------------------------+---------------------------------+
| Two Wheel Trading Company | |
| Limited | |
+---------------------------------+---------------------------------+
| Worldwide Snakeboard Marketing | |
| Limited | |
+---------------------------------+---------------------------------+

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


This information is provided by RNS
The company news service from the London Stock Exchange
END

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