Board Changes (6527Z)
March 20 2012 - 3:01AM
UK Regulatory
TIDMCNS
RNS Number : 6527Z
Corero Network Security PLC
20 March 2012
20 March 2012
Corero Network Security plc
("Corero" or the "Company")
Board changes
Corero Network Security plc (AIM: CNS), the network security and
business software provider, is pleased to announce that Stephen
Graham, a General Partner of CrossHill Georgetown Capital LP and
CrossHill Debt II LP (together "CrossHill"), has joined the board
of directors of the Company as non-executive director.
Mr Graham's appointment is a result of CrossHill, which became a
significant shareholder in the Company following the acquisition of
Top Layer Networks, Inc., exercising its right to appoint a
non-executive director, as disclosed in the admission document of
the Company dated 7 February 2011. At the same time, Edward
Forwood, a director of Loudwater Trust Limited ("Loudwater") has
resigned as a director of the Company following the disposal of
Loudwater's shareholding in the Company, as announced on 17
February 2012.
Disclosures required pursuant to Schedule 2(g) of the AIM Rules
for Companies in respect of Mr Graham are set out below.
Following the above changes, the Board of Directors of the
Company will comprise Jens Montanana, (non-executive Chairman),
Richard Last (non-executive director), Stephen Graham
(non-executive director) and Andrew Miller (COO and executive
director).
Enquiries:
Corero Network Security
plc
Andrew Miller, Chief Operating Tel: 01923 897 333
Officer
finnCap
Sarah Wharry / Henrik Persson Tel: 020 7220 0500
Walbrook PR Tel: 020 7933 8780
Fiona Henson (Media Relations) Mob: 07886 335 992 or fiona.henson@walbrookpr.com
Paul Cornelius (Investor Mob: 07827 879 460 or paul.cornelius@walbrookir.com
Relations)
About Corero Network Security plc
Corero Network Security plc consists of two businesses: Corero
Network Security and Corero Business Systems.
Corero Network Security is an international network security
company and the leading provider of Distributed Denial of Service
(DDoS) defence and Intrusion Prevention System (IPS) solutions.
Corero's products and services provide comprehensive, integrated,
high-performance protection against constantly evolving
network-borne cyber threats. Customers include enterprises, service
providers and government organisations worldwide. Corero's
appliance-based solutions are highly adaptive and preemptively
respond to modern cyber attacks, known and unknown, protecting
critical information and online assets. Corero's products have
superior performance, are highly scalable, and feature the lowest
latency and best reliability in the industry.
Corero Business Systems is a leading provider of powerful and
dynamic modular accounting, human resources, payroll and management
information software to the schools (including academies) and
further education sectors in the UK and internationally.
Disclosures required pursuant to Schedule 2(g) of the AIM rules
for companies
Name: Stephen Xavier Graham (Age 59)
Mr Graham currently holds, and has during the last five years
immediately preceding the date of this announcement held, the
following directorships or partnerships:
Current Past
CrossHill Financial Group, Inc Speedus Corp.
--------------
CrossHill Georgetown Capital, LP ACell, Inc
--------------
CrossHill Debt II, LP
--------------
CrossHill Georgetown Management,
LLC
--------------
TNS, Inc
--------------
Central Park Credit Bank
--------------
Washington DC International Film
Festival
--------------
Stonacre Acquisition Company, Inc.
--------------
There are no other matters which are required to be announced
under 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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