Directorate Change
08 Mai 2003 - 9:00AM
UK Regulatory
RNS Number:8287K
NBA Quantum PLC
08 May 2003
NBA Quantum
8 May 2003
Directorate
NBA Quantum today announces the appointment of Mr. David Ridley to the Board as
an executive director.
David Ridley, who is 60, has a well-recognised record in the business support
industry having built up Faithful & Gould from a small company into an
international organisation operating throughout Europe, the United States and
Asia. He became a partner of that firm in 1978 when it was only a 25 strong
Partnership and subsequently, mainly through organic growth, it became one of
the UK's largest Quantity Surveying and Project Management consultancies.
Following the successful development of Faithful & Gould, the company was
acquired in 1995 by WS Atkins plc and has been a significant contributor to WS
Atkins' turnover and profitability.
David Ridley left WS Atkins in April 2001, having held a position on the
Management Board with special responsibility for Quantity Surveying, marketing
and business development.
With David Ridley's proven marketing and business development experience, NBA
Quantum looks forward to moving ahead in both organic growth and the development
of our acquisition strategy
The appointment is a significant step in NBA Quantum's development and it is
anticipated that David Ridley will make a valuable contribution to future
development from the solid base, which has already been established. The
appointment of David Ridley is one of a series of re-engineering initiatives
devised by the Board to address the issues of the company's growth in the
current and future economic conditions.
David Ridley's remuneration package is geared towards performance in both of
these areas.
David Ridley has acquired 233,333 Ordinary Shares at 50p per share from Bob
Jervis, the Chairman, who has also agreed to facilitate David Ridley joining the
Group by granting him options over a further 666,667 Ordinary Shares. Following
the acquisition David Ridley will hold 3.87% and Bob Jervis 26.89% of the issued
share capital and if all the Options are exercised this will become 14.93% and
15.83% respectively. Bob Jervis has confirmed that he intends to retain his
ongoing interest in the Group.
David Philip Ridley holds or has held the following Directorships in the last
five years:
Current
Severfield Rowen Plc
Great Smeaton Enterprises Limited
Past Directorships:
WS Atkins Consultants Limited
WS Atkins International Limited
WS Atkins Facilities Management Limited
Faithful and Gould Limited
Faithful & Gould (Holdings) Limited
Broomco (985) Limited
Silk and Frazier Limited
There are no further details to be disclosed in relation to David Ridley's
appointment under Schedule 2 paragraph (f) of the AIM Rules.
For further information;
Peter Elliott-Hughes, Chief Executive 020 7318 9780
David Ridley
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