Daniel Stewart Securities PLC Non-Executive Director Appointed (6780S)
July 10 2015 - 2:00AM
UK Regulatory
TIDMDAN
RNS Number : 6780S
Daniel Stewart Securities PLC
10 July 2015
For immediate release: 7.00am 10 July 2015
Daniel Stewart Securities plc
('Daniel Stewart' or 'the Company')
Appointment of Andrew McIver as Non-Executive Director
Daniel Stewart Securities plc (AIM: DAN), the investment bank
providing corporate advisory, institutional stockbroking and wealth
management services, announces the appointment with immediate
effect, of Andrew Ross McIver, 52, as an independent Non-Executive
Director. Mr McIver will also sit on the Company's Audit
Committee.
Mr McIver was most recently Chief Executive of Sportingbet Plc,
the leading international online gaming company, leaving in March
2013 after overseeing its sale to William Hill PLC and GVC PLC for
GBP480 million. During his seven years as Chief Executive,
Sportingbet Plc enjoyed a period of significant growth, despite
having to refocus its operational focus, following regulatory
changes enforced by authorities in the US. Mr McIver managed the
process of refocusing; rebuilding; growing and eventually selling
the business for a healthy premium to its then market value.
Prior to becoming Chief Executive of Sportingbet Plc, Andrew was
Group Finance Director from 2001 to 2006. He started his career at
Arthur Andersen where he qualified as a Chartered Accountant,
before moving to Corporate Finance with Kleinwort Benson Investment
Bank. He has also held senior finance roles at a number of
well-known companies including: Signet Group plc, Ladbroke Group
plc, British Telecom plc and House of Fraser plc.
Peter Shea, Chairman, commented: "We are committed to
strengthening the overall composition of our Board, and Andrew's
appointment is a big first step to achieving that aim. To attract
somebody of his market calibre is very pleasing for all
stakeholders in our Company. As well as having an excellent working
knowledge of UK capital markets, he has also worked in Investment
Banking and is a qualified Chartered Accountant. This experience
makes him a great addition to our team. On behalf of everyone at
Daniel Stewart I warmly welcome him to the Board."
Andrew McIver, added: "I am very pleased to be joining the Board
of Daniel Stewart during this challenging phase in the Company's
development. The refocusing of the business model and strengthening
of the balance sheet gives the Company a strong platform to work
from, as it seeks to re-establish growth."
Save as disclosed above and detailed below, there are no other
details to be disclosed regarding Andrew McIver's appointment as
required under paragraph (g) of Schedule 2 of the AIM Rules.
Current Directorships and Partnerships as at the date of this
announcement
Beech Lawn Management Company
Limited
11 Chichester Terrace Limited
Marmont Enterprises Limited
Chroma Sports Limited
Directorships and Partnerships held during the past five
years
Sportingbet PLC
Sportingbet Limited
Sportingbet (Management Services)
Limited
Sportingbet (IT Services)
Limited
Interactive Sports Limited
Sporting Odds Limited
Sportingbet (Product Services)
Limited
Sportingbet Holdings Limited
Priorityclear Limited
Centrebet UK Limited
The Sportingbet Foundation
Limited
Superodds International Limited
- ENDS -
Enquiries:
DANIEL STEWART SECURITIES PLC
Peter Shea, Chairman
Tel: 020 7776 6550
BEAUMONT CORNISH LIMITED
Roland Cornish/ James Biddle
Tel: 020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
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