CMG Croma Grp

RNS Number:7280K
Croma Group PLC
07 April 2005


FOR IMMEDIATE RELEASE                                               7 APRIL 2005



                                CROMA GROUP PLC
                           ("Croma" or "the Company")

                              DIRECTORATE CHANGES
                                       &
                            DIRECTORATE SHAREHOLDING


Croma, the specialists in the design, development and production of overt and
covert surveillance and defence related products, updates shareholders on the
following Board changes and Directorate shareholdings.

The Company is pleased to announce today the appointment of Mr Nicholas Hewson,
an early shareholder in Croma, to the Board as non-executive director with
immediate effect. Nick Hewson, well known for the success he achieved at
Grantchester in the field of out-of-town shopping centres, and an entrepreneur
with a variety of business interests, brings to the Board a wealth of pertinent
experience and contacts.

The Board also announces that newly appointed Nick Hewson has increased his
holding in the Company by 604,342 ordinary shares, at 6p per share, bringing his
holding to a total of 1,024,119 ordinary shares, representing 1.07% of the
issued share capital of Croma.

London & Boston Investments has today advised the Board that it no longer has an
interest in the Company, and therefore Mr John May will step down from his
position as a non-executive director with immediate effect.

Today's news follows the Company's March Interim Results, where it announced
increases in sales (1,600% higher on corresponding period last year), turnover
(42% up on full financial year), significant contract wins and a healthy new
product development pipeline.

Commenting on the announcement, John French, Chairman and Chief Executive of
Croma said: "I am delighted to welcome Nick to the Board, and to see his
increasing interest in our activities. He has a wealth of experience and,
certainly, his knowledge will be of great importance to a number of our
activities - particularly Shawley Products, the CCTV division of Croma Defence
Systems Limited. I would also like to take this opportunity to thank John May
for his contribution to the Company, and wish him well in the future".
                                        
                                   
                                    --ENDS--

Enquiries:

Croma Group plc
John French, Chairman & Chief Executive                    Mobile: 07836 722 482

Bishopsgate Communications Ltd.                               Tel: 020 7430 1600
Maxine Barnes                                              Mobile: 07860 489 571
Dominic Barretto                                           Mobile: 07930 450 156



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

END
MSCPKAKQABKDKQK

Croma Grp (LSE:CMG)
Historical Stock Chart
From May 2024 to Jun 2024

Croma Grp (LSE:CMG)
Historical Stock Chart
From Jun 2023 to Jun 2024