TIDMASTR TIDMEVOL 
 
RNS Number : 5801M 
Astaire Group Plc 
26 May 2010 
 

Astaire Group Plc ("Astaire" or the "Group") 
 
Strategy, Board Changes and Litigation 
 
26 May 2010 
 
In the light of  recent unsuccessful corporate activity the board of Astaire 
("Board") has concluded that it cannot continue to pursue the strategy of 
consolidation in the financial services sector at the current time and that 
there is a need to revise this strategy and seek alternatives for delivering 
value to shareholders. Accordingly discussions are being held with a number of 
parties with a view to considering alternative ownership arrangements for the 
operating businesses of the Group. 
 
Evolve Capital Plc ("Evolve"), Astaire's majority shareholder, has stated that 
it has no desire for ongoing involvement in actively managing its investment in 
Astaire and thus the directors of Astaire and Evolve announce that with this in 
mind and with a desire to improve the independence between the two companies, 
Oliver Vaughan, Chairman of both Astaire and Evolve, has today resigned as a 
director of Astaire with immediate effect but remains Executive Chairman of 
Evolve. 
 
Edward Vandyk has also today resigned from the Board and from his role as Chief 
Executive of Astaire and as a director of Evolve, with immediate effect. James 
Noble and Christopher Roberts, who are directors of both Astaire and Evolve, 
have resigned as directors of Evolve with immediate effect but remain directors 
of Astaire. James Noble has been appointed as Chairman of Astaire. 
 
In addition, Astaire announces that a dormant holding company within the Astaire 
Group, Corporate Synergy Holdings Limited has received, from lawyers acting on 
behalf of Izodia Plc, service of a Claim Form and Particulars of Claim filed 
with the High Court, claiming compensation of approximately GBP4 million plus 
interest in respect of alleged events which occurred in mid 2002. Astaire 
Securities Plc is also listed as a defendant in the claim, but solely in respect 
of a claim for compensation of GBP25,000 plus interest. 
 
Astaire and its subsidiaries are receiving legal advice in respect of this 
matter and expect to present a vigorous defence to the allegations which the 
Group believes to be wholly unfounded. A further update announcement will be 
made to shareholders of both Astaire and Evolve in due course. 
 
Enquiries: 
 
Maitland 
Neil Bennett and George Hudson 
Tel: 020 7379 5151 
 
Fairfax I.S. PLC 
Ewan Leggat 
Tel: 020 7598 5368 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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