PLC News 2010
19 April 2010
Corporate update
Westhouse Holdings plc (AIM:WHL) (together with its subsidiaries "Westhouse or the "Company"), the integrated corporate finance and broking house focusing on small and mid-cap companies, is pleased to announce the appointment of Simon Doyle and Tom Price to the board of the Company's operating business, Westhouse Securities Limited.
Simon Doyle joined Westhouse in October 2009 to oversee the development of the Company's secondary market sales and trading activities. Simon is a highly experienced market trader who has worked in the City since 1978, initially with Wedd Durlacher Mordaunt and most recently establishing market making desks at Altium Capital in 1998 and Seymour Pierce in 2005. The Company expects its application to the FSA for a principal trading licence to be approved shortly so that Westhouse can commence market making activities.
Tom Price joined Westhouse in November 2009 as a Corporate Finance Director. He has been a corporate financier working in growth company equity capital markets since 1990, initially for Beeson Gregory and subsequently for Evolution Securities.
As announced on 15 April 2010, William Staple, Chief Executive of the Company, acquired 17,000 ordinary shares in the Company at a price of 59.96 pence per share. Following this acquisition, Mr Staple has an interest in 8.93% of the Company's issued share capital. Andrew Beeson, a Non-Executive Director of the Company, acquired 50,000 ordinary shares in the Company at a price of 59.96 pence per share. Following this acquisition, Mr Beeson has an interest in 1.31% of the Company's issued share capital.
Following these share purchases, the appointment of Simon Doyle and Tom Price to the board of Westhouse Securities Limited and a further share purchase by another director of Westhouse Securities Limited, 40.2% of the Company's issued share capital is deemed to be "not in public hands" as defined by the AIM Rules for Companies.
For further information:
Westhouse Holdings plc |
|
| William Staple, Chief Executive | Tel: +44 (0) 20 7601 6100 |
| bill.staple@westhousesecurities.com | www.westhousesecurities.com |
| Nominated Adviser Smith & Williamson Corporate Finance Limited |
|
| Azhic Basirov / Charles Combe | Tel: +44 (0) 20 7131 4000 |
| corpfinance@smith.williamson.co.uk | www.smith.williamson.co.uk |
| Broker Westhouse Securities Limited |
|
| Tim Metcalfe | Tel: +44 (0) 20 7601 6100 |
| tim.metcalfe@westhousesecurities.com | www.westhousesecurities.com |
Media enquiries:
Abchurch Communications Limited |
|
| Henry Harrison-Topham / Quincy Allan | Tel: +44 (0) 20 7398 7710 |
| quincy.allan@abchurch-group.com | www.abchurch-group.com |
Notes to editors
Westhouse Holdings plc is an integrated corporate finance and broking house offering corporate advisory, broking, trading and M&A services to small and mid-cap companies. It specialises in servicing fast-growing companies, particularly those operating in emerging markets and in the natural resources sector. Its operating subsidiary, Westhouse Securities Limited, is authorised and regulated by the FSA, is a member of the London Stock Exchange, and is a registered AIM Nominated Adviser and Broker.
Westhouse Securities has a team of highly accomplished corporate finance, broking and research specialists with strong and diverse track record in the small and mid-cap sector. The team is further supported by an Advisory Panel whose members' experience in growing advisory businesses is well recognised throughout the corporate broking industry.
Westhouse Securities is headquartered in London, has an office in Leeds, and employs more than 40 people. The Company continues to exploit opportunities in overseas markets through its strategic alliance with Agile Partners, based in Beijing, and through close working relationships with a number of other advisory businesses worldwide.
For further information, please visit www.westhousesecurities.com