Update on Board Changes (7161E)

TIDMTMW

RNS Number : 7161E

Timeweave plc

12 April 2011

Timeweave plc

("Timeweave" or the "Group")

Update on Board Changes

Further to its announcement dated 18 February 2011, Timeweave plc confirms that David Craven will join the Group as Chief Executive Officer on 18 April 2011 and Mike McLaren, Group Finance Director, left the Group on Friday 8 April 2011.

Ends

For further information, please contact:

 
 Timeweave plc 
 Peter Bertram, Chairman      020 7067 0700 
 
 Weber Shandwick Financial 
 Nick Oborne                  020 7067 0700

Timeweave plc ('Timeweave' or 'the Group') is the holding company of a Group which principally comprises a 50% holding in Amalgamated Racing Limited ('AMRAC') and cash deposits.

AMRAC is an equally owned joint venture company between Racecourse Media Services Limited (which is in turn owned by a number of the UK's foremost racecourses and Racecourse Investments Limited) and Timeweave. AMRAC holds exclusive licences with 31 racecourses to broadcast pictures, audio and data from these courses to licensed betting offices in the United Kingdom and Republic of Ireland on its dedicated television channel, TurfTV.

This information is provided by RNS

The company news service from the London Stock Exchange

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