Board change (2992Z)

TIDMWSPR

RNS Number : 2992Z

Worldspreads Group PLC

14 March 2012

WorldSpreads Group PLC

("WorldSpreads" or the "Group")

Board Update

WorldSpreads announces that Conor Foley, Chief Executive, has resigned from the Board of Worldspreads with immediate effect to pursue other interests. He retains his position as the largest shareholder in the Group, and remains fully supportive of the Group's strategy and expansion plans.

Lindsay McNeile who has been Non-Executive Chairman of WorldSpreads and of WorldSpreads Limited, the Group's FSA regulated London subsidiary, since 2007, will become Executive Chairman of both companies with immediate effect.

Dominic Bacon who has served since 2010 as General Counsel and Group Head of Compliance has also been appointed to the Board of Worldspreads with immediate effect.

WorldSpreads is also pleased to confirm that it is in negotiations with Roger Hynes, who was previously Chief Executive of WorldSpreads Limited until July 2010 and is currently a Director of that company, in relation to his appointment as interim Group Chief Executive of Worldspreads subject to agreement of terms and regulatory approval. Prior to joining WorldSpreads Limited in 2010, Roger was Managing Director, Europe, of CMC Markets.

Additionally, following the announcement on 28 February 2012, regarding the resignation of Niall O'Kelly, Chief Financial Officer, the Group has released Mr O'Kelly from his notice period and he has now left the Group's employment.

Further announcements will be made as and when appropriate.

Further information required by Rule 17 and Schedule 2(g) of the AIM Rules for Companies:

Dominic Clive Bacon, 48, is currently a Director of Worldspreads Limited.

Mr Bacon does not hold any ordinary shares in WorldSpreads Group plc.

There is no further information required by Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

 
 WorldSpreads Group plc 
  Lindsay McNeile, Executive Chairman / Dominic Bacon, General 
  Counsel 
  +44 (0)20 7398 5100 
 Collins Stewart Europe Limited 
  Matt Goode / Rishi Shah 
  +44 20 7523 8350 
 Bloxham 
  Peter O'Carroll 
  +353 (0) 1 611 9200

About WorldSpreads Group plc

WorldSpreads Group plc (AIM: WSPR) is a financial services group offering online and telephone trading. The Group's core activity is the provision of spread betting and CFD products on the financial markets to retail clients from its website www.worldspreads.com.

WorldSpreads Limited, a wholly-owned trading subsidiary of WSPR, is regulated and authorised by the Financial Services Authority. It offers a full range of spread betting and CFD prices on all the major financial markets, including stock indices, individual shares, currencies, commodities and interest rates.

The Group floated on the London Stock Exchange's AIM market in August 2007 and gained a dual listing by joining the Irish Stock Exchange's IEX market in May 2008.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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