QUAYLE MUNRO HOLDINGS PLC 
By 14 November 2012
Quayle Munro Holdings PLC ("Quayle Munro" or "the Company") Board Changes
As previously announced, Quayle Munro confirms that Andrew Tuckey will step down from his position as Executive Chairman and as a Director of the Company immediately following today's Annual General Meeting. He will continue as a Senior Adviser to the Company. The Company is pleased to announce the appointment today of Christopher Kemball (aged 65) as a Director and as Non Executive Chairman to replace him. In addition the Company is pleased to announce the appointments today of Simon Woolton (aged 54) as an Executive Director and Peter Norris (aged 57) and David Fitzsimons (aged 58) as Non-Executive Directors.
Following implementing these changes, Nick Lyons, Tim Guinness and Brian Finlayson are resigning as Directors of the Company with effect from today. The Company would like to record its gratitude to all the departing Directors for their hard work and efforts over many years.
Following these changes and should Ian McLean be re-elected as a Director at today's Annual General Meeting, the Board will consist of six members : Christopher Kemball (Chairman), Andrew Adams (Chief Executive), Simon Woolton (Chief Financial Officer), Ian McLean, Peter Norris and David Fitzsimons. Ian McLean will remain as Senior Independent Director, Peter Norris will chair the Audit Committee, David Fitzsimons will chair the Remuneration Committee and Christopher Kemball will chair the Nominations Committee.
Quayle Munro's strategy will continue to be to develop its position as a leading independent corporate finance adviser, servicing private and public companies, entrepreneurs and private equity investors.
Christopher Kemball has over 35 years of investment banking experience specialising in mergers and acquisitions, capital raisings and privatisations in Europe, the US and emerging markets. He has served as a Director of Kleinwort Benson, Dillon Read, Barings, and most recently was a founder Partner and Vice-Chairman of Hawkpoint Partners until October 2012.
He was Chairman of Berendsen plc (a FTSE 250 company) from 2005 until April 2012. He has also been a Non-Executive Director and Chairman of several other publicly listed and private equity backed companies.
Simon Woolton has over 20 years of corporate finance experience. He has been employed by Quayle Munro since 2007 and was appointed Chief Operating Officer of the Company in 2010. Previously at S.G. Warburg & Co. Ltd for 7 years, he was a founder shareholder and Director at New Boathouse Capital Limited, acquired by Quayle Munro in 2007.
Peter Norris - Non Executive Director
Peter Norris served as Chief Executive of the Company from 2007 until 2009, when he left the Company to become Chairman of Virgin Group Holdings, a position he still holds. Peter has continued his involvement with Quayle Munro as a Senior Adviser to the corporate finance business and has assisted in maintaining key client relationships. He has over 30 years of corporate finance and international capital markets experience, having worked at Goldman Sachs and Barings. In 1996 he
started a corporate finance consultancy practice culminating in the formation of New Boathouse
Capital Limited in 2000.
David Fitzsimons has over 30 years of investment and finance experience. From New Zealand, he joined the corporate finance division of Hill Samuel Australia in 1981. He became an Executive Director of the listed investment company AFP Investment Corporation ("AFP") in 1986 and in 1988 moved to the UK to manage AFP's investment in Gestetner plc. He was an Executive Director of Gestetner plc until it was sold to Ricoh in 1993. Since that time he has been a Director of a number of companies in the UK and Australia in the media, publishing and retail sectors.
Ends
Commenting on the Board changes: Andrew Tuckey said:
"I am delighted with the appointment of Christopher Kemball as my successor as Chairman of Quayle Munro: he brings years of relevant experience and leadership to the Board. Also to be welcomed are the appointments of Peter Norris and David Fitzsimons as Non Executive directors both of whom know the business well and will provide much valued support."
Christopher Kemball said:
"Quayle Munro has established itself as a leading boutique financial advisory firm especially in the media and technology sectors. In the current environment, I believe there is an excellent opportunity with our experienced Board to broaden out and grow the business in the next few years for the benefit of both shareholders and staff. I am looking forward enormously to working with Andrew Adams and his talented team."
Enquiries:
Quayle Munro Holdings PLC
Andrew Adams, Chief Executive +44 (0)20 7907 4200
N+1 Singer (Nominated Advisor)
Sandy Fraser +44 (0)131 529 0272
Jonny Franklin-Adams +44 (0) 20 7496 3000
Save as disclosed below, there are no further disclosures to be made under Schedule Two, paragraph
(g) of the AIM Rules.
Directorships and partnerships are as follows:
Current:
MTIG Limited
The PSP Association
Cor Christi Limited
Westminster Roman Catholic Diocese Trustee
Berendsen plc
URS Corporation Group Limited (previously Scott Wilson Group plc) W.S.Atkins plc
BPT Limited (previously Bradford Property Trust PLC) Canaccord Genuity Hawkpoint Limited
Frontier Medex Group Limited Control Risks Group Limited Emmaus South Lambeth Community
Malachite Advisors Limited
Christopher Kemball was appointed as a Director of Baring Brothers & Co. Limited in March 1992. The company was put into administration in March 1995 and Christopher Kemball resigned in August
1995.
Christopher Kemball was also appointed as a Director of Dillon Read Industrial Development Capital Fund Manager Limited in November 1992. The company was dissolved in March 2003, following a creditors voluntary liquidation.
Directorships and partnerships held over the five years preceding the date of appointment are as follows:
Current:
Quayle Munro Limited
AMG Systems Limited
East of Scotland Investments Limited New Boathouse Capital Limited Tonbridge School Limited
Balcarres Heritage Trust Limited
Blue Sky Development & Regeneration Limited
Quayle Munro Fund Managers Limited
Peter Michael Russell NorrisDirectorships and partnerships held over the five years preceding the date of appointment are as follows:
Current: Petalcrown Limited Virgin Atlantic Limited
Ashcombe Advisers LLP (LLP Member) Virgin Travel Group
The Food Doctor Limited
Portfolio Films LLP (LLP Designated Member) The Peoples Lottery Limited
Virgin Holidays Limited Lulu Guinness Limited Sundog Pictures Limited
Lulu Guinness Holdings Limited
Bob Books Limited
Virgin Atlantic Airways Limited
John Brown Enterprises Limited
P&T Norris LLP (LLP Designated Member) Virgin Enterprises Limited
The Lottery Foundation
Camara Learning Limited
Virgin Active Holdings Limited Quayle Munro Holdings PLC Quayle Munro Limited
New Boathouse Capital Limited
Virgin Active Group Limited Reid Wines (1992) Limited Cath Kidston Limited
Virgin Life Care Investments Limited
Virgin Gyms Limited
ING UK Securities Client Services Limited Virgin Active Group Investments Limited The Van Tulleken Company Limited Lowndes Street Partners Limited
In February 1995, Peter Norris was Chief Executive Officer of the Investment Banking Group of Barings Plc, which was destroyed by the Leeson fraud in Singapore. Mr Norris resigned all functions forthwith and left the employment of Barings three months later, after assisting in an insolvency process and transfer of the business to ING.
Subsequently, Mr Norris was criticised by an inquiry by the Board of Banking Supervision and by a report by Inspectors appointed by the Singaporean Minister of Finance.
In 1996, Mr Norris, who had been senior Executive Officer of Baring Securities, agreed to a three year exclusion from the SFA's Register of Directors. There was no finding of impropriety.
In 1998, Mr Norris accepted a four year disqualification as a director of UK companies to settle proceedings brought by the Department of Trade and Industry under the Company Directors' Disqualification Act, 1996. There was no finding of impropriety.
In 1996, an action was brought by the auditors of the Barings group against various directors and officers of the group, including Mr Norris. This action was dropped by the auditors in 1998.
In 1996, an action was brought by the Perpetual Noteholders of Barings Plc against former directors of Barings Plc, including Mr Norris. This action was struck off.
Peter Norris was appointed as a Director of Baring Brothers & Co. Limited in April 1988. The company was put into administration in March 1995 and Peter Norris resigned in May 1995.
Directorships and partnerships held over the five years preceding the date of appointment are as follows:
Current
Hardie Grant London Limited
Associated Media Investments Pty Limited
Hardie Grant Publishing Pty Limited
Go Transit Media Group Pty Limited
Lulu Guinness Limited
Lulu Guinness Holdings Limited
Delbycrest Limited
Staxs Productions Limited
Queensland Media Investments Pty Limited
Verolot Pty Limited
7C Limited
7C (Holdings) Limited
David Fitzsimons was appointed a Director of 7C Limited and 7C (Holdings) Limited in June 2009. These companies were both put into administration in November 2002 and were dissolved in March
2012 and January 2011, respectively.
Quayle Munro (www.quaylemunro.com) is an AIM quoted independent merchant bank, active in corporate finance and investment on its own account. The Group was founded in 1983 and listed on the London Stock Exchange via an Introduction in 1993, transferring to AIM in 2003.
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