Directorate Change
19 3월 2007 - 4:00PM
UK Regulatory
Date: 19 March 2007
On behalf of: The Debt Advisor Group
Embargoed until: 0700hrs
THE DEBT ADVISOR GROUP PLC
(`The Debt Advisor' or `the Group')
Directorate Change
The Board of The Debt Advisor Group plc, (AIM: TDAG), the debt solutions
specialist, today announces that Mark Walker has resigned as a director and
employee of the Group with immediate effect. The Board would like to thank Mark
for his efforts as Finance Director and Company Secretary over the past 18
months.
In his place, the Board is delighted to welcome Simon Cotterill who is
appointed Finance Director and Company Secretary today, with immediate effect.
Simon Philip Cotterill, aged 48 has a strong pedigree in the financial services
sector, most recently as finance manager of Kensington Group's Commercial
Mortgages Division.
Mike Sutcliffe, Chief Executive of The Debt Advisor Group plc, said:
"I am delighted with the appointment of Simon who joins us with a proven track
record of success within financial services. Simon's experience will be crucial
to the Group as we continue to grow our presence in the debt solutions market."
As part of his remuneration package Simon has been issued with share options in
respect of 500,000 ordinary shares in The Debt Advisor. These share options can
be exercised from 1st March 2010 at a price of 2.5p per share.
Simon is not, and has not been within the previous five years, a director or
partner of any other company.
There are no further disclosures to make in accordance with the requirements of
AIM Rule schedule 2, paragraph (g).
-End-
For further information:
The Debt Advisor Group plc
Mike Sutcliffe (Chief Executive) 0870 950 0000
Simon Cotterill (Finance Director) 0870 950 0000
www.thedebtadvisorgroupplc.co.uk
Redleaf PR
Alicia Jennings / Paul Dulieu / Tom Newman 020 7822 0200
WH Ireland Ltd
David Youngman/Katy Mitchell 0161 832 2174
Notes for Editors:
The Debt Advisor Group plc provides a complete range of debt advisory solutions
for clients under a best advice financial model. The solutions range from the
brokering and packaging of mortgages, re-mortgages, secured loans and unsecured
loans through to the provision of individual voluntary arrangements (IVAs) and
debt management plans, for clients requiring debt consolidation or debt
restructuring solutions.
END
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