PIRES INVESTMENTS PLC RNS Number : 1945A Pires Investments PLC
18 December 2014
Pires Investments PLC("Pires" or the "Company")
Board changes Board Changes
Pires has been conducting a review of its current direction, focus and structure and has concluded that at its present stage a tighter and refocused board is necessary.
As a result the Company announces the appointment of John May and Placid Gonzales as directors of the Company. At the same time and as part of this restructuring, Richard Armstrong, Aamir Quraishi and Christopher Yates have agreed to step down from the Board with immediate effect. Richard Armstrong will become a consultant to the Company with a specific brief in relation to the Company's quoted company investments.
John May is a chartered accountant with expertise in the smaller quoted sector, both in an advisory capacity and as a senior director of a number of companies quoted on AIM and other markets.
Placid Gonzales, who is a Founding Member and Senior Partner of The St James's Place
Partnership, brings long experience and contacts in the financial advisory sector to bear.
The Company would like to thank the departing directors for their contributions to date.
John May is a Fellow of the Institute of Chartered Accountants in England and Wales. He is the Managing Partner of City & Westminster Corporate Finance LLP, an FCA registered partnership. He is chairman of the Small Business Bureau Limited and The Genesis Initiative Limited, lobbying groups for small business to the UK Parliament. Mr May has been the principal of his own chartered accountancy practice since 1994. From 1977 to
1994, Mr May was a senior partner with what is now Crowe Clark Whitehill, where he served for eight years on the managing board and for nine years as chairman of its
Thames Valley offices. In his capacity as UK national marketing partner and head of its property consultancy division, he was a director of its UK and international associations. Mr May was finance director of AIM listed Security Research Group PLC, until December
2005 and Tomco Energy Plc until July 2011 and a non-executive director of AIM listed
Petrolatina Energy Plc until March 2012. He is the executive chairman of Red Leopard
Holdings plc and also non-executive chairman of Hayward Tyler Group Plc which are both listed on AIM, a non-executive director of London Pacific Partners Inc quoted on the OTC Pink in the USA, and White Mountain Titanium Corp quoted on the OTC QB in the USA. He previously was a non-executive director of Independence Resources Plc which is traded in the USA as ADR's.
The following additional disclosure is provided on Mr May pursuant to Schedule 2(g) of the AIM Rules:-
Present directorships / partnerships | Former directorships / partnerships held over past 5 years |
The Genesis Initiative Ltd | International Consolidated Minerals Inc |
The Lisa May Foundation Ltd | Tomco Energy Plc |
The Small Business Bureau Ltd | Petrolatina Energy Plc |
Denholm's Noni Juice Ltd | Southern Legacy Minerals Inc |
TV One (Europe) Ltd | Bury Street Services Limited |
International Consolidated Minerals Limited | Born2invest Limited |
Media World Networks Ltd | Petrolatina (Ca) Limited |
Southbank UK Limited | Taghmen Argentina Ltd |
Enterprise 24/7 Ltd | International Consolidated Minerals (UK) Ltd |
The Time Traveller Company Ltd | International Consolidated Minerals (Peru) Ltd |
K&M Financial Group Ltd | Stanmore Resources Group Ltd |
K&M China Ltd | Independence Resources plc |
K&M India Ltd | |
K&M Russia Ltd | |
City & Westminster Advisers Ltd | |
Defence Asset Solutions Ltd | |
Hayward Tyler Group Plc | |
Major Broadcasting Corp Ltd | |
London & Pacific Partners Inc | |
White Mountain Titanium Corporation | |
China Pub Company Plc | |
Red Leopard Holdings plc | |
City & Westminster Corporate Finance LLP | |
City & Westminster Consultants LLP | |
City & Westminster Plus Ltd | |
City & Westminster Holdings Ltd | |
Expresso Express Company Limited | |
Harrell Hotels (Europe) Limited | |
Healthspac Limited | |
Kosovo Genesis Initiative Limited | |
Red Leopard Management Limited | |
Coolcharm Gold Mining Co. Ltd | |
Specialist Energy Group Trustee Limited | |
International Entrepreneurs Academic Forum Ltd |
Mr May was appointed as a director of International Consolidated Minerals Limited
("IMC") on 8th December 2008. An Administrator was appointed to IMC on 18 August
2009, IMC remains in a process of Administration. The estimated deficit to creditors is
£33.4m, including an intercompany claim of £18.7m. The original Administrators are being sued by the current Administrators for the sale of assets at under value, which is
contested. The latter have until 17th August 2015 to conclude matters.
Placid Gonzales (age 62) has over 35 years' experience in Investment Planning and Tax Mitigation. In 1991 he was invited to be a Founding Member of J. Rothschild Assurance, which is now St. James's Place Wealth Management plc and became a Senior Partner in
2000. Mr Gonzales is Adviser to Private & Corporate Clients in the UK, Europe and the Middle East. Mr Gonzales is also engaged in a range of charitable fund raising activities; he is Chairman of The Stock Exchange ABC and a Trustee for Teens Unite providing
support for Teens aged 13 to 24 who suffer from Cancer.
The following additional disclosure is provided on Mr Gonzales pursuant to Schedule 2(g)
of the AIM Rules:-
Present directorships / partnerships | Former directorships / partnerships held over past 5 years |
Placid Gonzales & Associates Ltd | Placid Gonzales & Associates Ltd |
Essex Kelly Investors Limited | The Premiership Boxing Organisation Ltd |
Pharma Recruitment Limited | Crystal Professional Development (UK) Limited |
Teens Unite Fighting Cancer |
Enquiries:
Pires Investments plc Peter Redmond | Tel: +44 (0) 20 7917 1817 |
Nominated Adviser Cairn Financial Advisers LLP Liam Murray / Avi Robinson | Tel: +44 (0) 20 7148 7900 |
Broker Peterhouse Corporate Finance Duncan Vasey / Lucy Williams | Tel: +44 (0) 20 7469 0935 |
This information is provided by RNS
The company news service from the London Stock Exchange
|
distributed by
|
