Clarity Commerce Solutions
Directorate Change
(RNS) 16 January 2008
Appointment of Non Executive Director
- Clarity Commerce Solutions plc ("Clarity" or the "Company")
The Company announces that Steve Bellamy has been appointed as a non executive director with immediate effect.
Stephen Gerard Bellamy aged 48, spent 6 years with Coopers & Lybrand (now PWC) in New Zealand and New York. He then moved to London in 1986 to join Brierley Investments Ltd, (BIL), a strategic investment company, as one of BIL's UK investment directors. Steve left BIL in 1993 and, in 1994, joined Sherwood International Plc as CFO and became Group COO in 1999. Steve was instrumental in the turn around of Sherwood, from a UK software group with 13 different business units making losses of £2m on £26m revenue and £3.5m debt, to a focused technology solutions supplier to the global insurance industry and UK Government with £55m revenue, £8.5m profit and over £20m net cash. Since leaving the board of Sherwood, in 2001, Steve has had various non-executive roles as; chairman, non-executive director and advisor of public and private technology and services companies and to corporate capital providers (and, for 12 months, as an interim executive of a Lloyd's underwriter). He has also been Chairman of the investment committee of The First Close Technology Fund since 2000 and is currently non-executive director of AIM listed Advanced Medical Solutions Group plc and a founding partner of Accretion Capital LLP.
Steve holds 544,268 shares in the Company representing 2.2 % of the total voting rights.
Under Schedule 2, paragraph (g) of the AIM Rules, the following information is disclosed:
Directorships and partnerships held in the past five years:
| Current | Past |
|---|---|
| Advanced Medical Solutions Group plc QBM Limited Accretion Capital LLP |
Force12 Holdings Limited CSols Plc QBM Holdings Limited GTJST Limited (previously named IQA Holdings Limited) Dr Foster Limited Unisoft Limited |
There is no other information under Schedule 2, paragraph (g) of the AIM rules that needs to be disclosed.
Contacts:
Ken Smith, Group Managing Director
Clarity Commerce Solutions plc
01932 778001
Fiona Kindness, Director
Grant Thornton UK LLP (Nomad)
020 7728 3414
Ian Callaway, Director
SVS Securities plc (Broker)
020 7638 5600
