– ISLE OF MAN, Douglas – Adams is pleased to announce the appointment of Michael Bretherton as non executive director as the Company continues to advance its investment policy.
Mr Bretherton has considerable experience through his past directorships of private and public companies. His principal role from May 2006 to July 2014 was that of Finance Director of Channel Islands’ based ORA Capital Partners Limited, an investment company with active interests in early stage growth companies. In August 2014 he became Executive Chairman of AIM listed Sarossa plc which invests in technology companies. Mr Bretherton is a chartered accountant having trained at PriceWaterhouse and acted as Finance Director in a number of public and private firms.
Nicholas Nelson, Chairman, Adams plc, commented: “With his extensive past and current experience in small company investment, Mike is a natural addition to the board. He will be of great assistance as we move forward with our investment policy”
Michael Bretherton was a non-executive director of Brimley & Co. Limited, a wholly owned subsidiary of Bridgend Group plc until the reverse acquisition of that company by Hemscott Holdings Limited on 15 August 2000, at which time he resigned from the board of the enlarged Hemscott company and all its subsidiaries including Brimley. Subsequent to that acquisition and Mr Bretherton’s resignation, the business and certain assets of Brimley were sold, its name was changed to XLIV Limited and it was then placed into creditors voluntary liquidation on 31 October 2000 with an estimated deficiency as regards external creditors of £168,000.
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