NINE Ninety

    RNS Number : 2643B
  Ninety PLC
  14 August 2008
   
    Ninety Plc ('Ninety' or the 'Company')

    Change of Executive Director


    Ninety announces that Angus Irens has resigned as Executive Director and is to be replaced by John McLean with immediate effect. 

    John McLean, aged 55, has a successful track record across a number of sectors in developing growing companies and he has also managed
operations globally, with specific expertise in China, Australia, the USA, Canada and Europe. John was originally a chartered accountant
with Coopers & Lybrand in both London and New York.

    He is Chairman of the AIM-listed investment company Albany Capital plc which focuses on investments into growing companies with high
quality local management teams based in the Peoples Republic of China. Albany operates from offices in London and Qingdao, North Eastern
China. John is also Chairman of AIM-listed China Food Company plc which is based in Shandong province, North Eastern China.

    In 1998, he was appointed by Gamma Holdings NV to carry out a strategic review of their UK interests, including Sanderson, the textile
and wallpaper company. John remained with Sanderson until 2003, serving as its managing director, successfully implementing a turnaround and
disposal plan. From 1992 to 1996, he was employed as General Manager with ICS and co-led a management buy-out of the company with 3i, prior
to its successful disposal to Hays plc in 1996.


    Contacts and website:
www.ninetyplc.co.uk


    John McLean, Executive Director
    Tel: 020 3178 4506

    Geoff Nash, FinnCap
    Tel: 020 7600 1658


    In accordance with Schedule 2(g) of the AIM Rules, the following further information in relation to the appointment of John McLean to
the Board of Ninety is disclosed:

    Full name:  John Nigel Major McLean

    John McLean holds and has held within the five preceding years the following directorships and partnerships:

    Current directorships and partnerships:

    Albany Advisers Limited
    Albany Capital Plc
    ASSL (Realisations) Limited (in liquidation)
    China Food Company plc
    Fairfax Acquisitions Limited
    Fairfax Classical Properties Limited
    Flymenow Limited
    Pedstowe plc (formerly Humberts Group plc)
    Pedstowe (Kensington) Limited
    Westminster Growth Capital Limited

    Past directorships and partnerships:

    Arthur Sanderson & Sons (Holdings) Limited (dissolved)
    Arthur Sanderson & Sons (Scotland) Limited (dissolved)
    Atholl Ventures Limited (dissolved)
    Cameron Corporation Limited (dissolved)
    Gamma (Nelson) Limited
    M&C (Artworkers) Limited (dissolved)
    S of l Limited
    WM Wallpapers Limited

    An administrative receiver of ASSL (Realisations) Limited (formerly Arthur Sanderson & Sons Limited) was appointed on 7 August 2003 and
the company was placed into creditors' voluntary liquidation on 20 November 2003. Mr McLean was a director of that company on both such
events, having been appointed on 26 June 1998 by Gamma Holdings NV to implement a strategic review of the business. Although the company did
return to profitability while Mr McLean was a director, the company required additional funding both to grow and to complete the
restructuring. However, it was not possible to obtain the additional funding for the company and so an administrative receiver and then a
liquidator were appointed. The deficiency to creditors was �41.078 million.

    An administrative receiver of Arthur Sanderson & Sons (Holdings) Limited was appointed on 7 August 2003 and the company was placed into
creditors' voluntary liquidation on 20 November 2003. Mr McLean was a director of that company on both such events, having been appointed on
24 January 2001 by Gamma Holdings NV. Arthur Sanderson & Sons (Holdings) Limited was the parent company of ASSL (Realisations) Limited.
After paying creditors, the surplus was �143,863.

    Save as set out above, there is no further information to be disclosed in respect of 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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