– UK, London – At the General Meeting of Ceres Media International plc (To be renamed Ducat Ventures plc), the Company held earlier today all resolutions were duly passed. As a consequence, the Company has disposed of its wholly owned subsidiary Ceres Media plc, and as a result will now be classified as an Investing Company pursuant to AIM Rule 15.
The Company announces following the General Meeting that Leslie Barber, Alex Dowdeswell and Clive Garston have resigned as directors of the Company and that Adam Reynolds and Nicholas Nelson have been appointed as directors with immediate effect.
About Adam Reynolds (aged 51) – Executive Chairman
Mr Reynolds is a former stockbroker, specialising in corporate finance. In 2000 Mr Reynolds set up Hansard Group and listed it on AIM in 2001. Through, a reverse takeover, this became First Africa Oil and Gas Limited, one of the most successful listings on AIM in 2005. Since then Mr Reynolds has built, rescued and re-financed a number of AIM companies including; Table Mountain Minerals/Plectrum Petroleum Limited which was sold to Cairn Energy in 2007, Cielo/Curidium Medica Limited which was acquired by Avacta, International Brand Licensing the owner of the Admiral sportswear brand, which has become EKF Diagnostics Holdings Plc and Medavinci which is now Orogen Gold plc. Mr Reynolds is currently a director of EKF Diagnostics Holdings Plc, Orogen Gold Plc, Hubco Investments PLC and Diablo Consulting Limited and Chairman of Autoclenz Limited.
About Nicholas Christian Paul Nelson (aged 48) – Non-Executive Director
Mr Nelson’s career spans 30 years commencing in the mid 1980s as a junior dealer on the floor of the London Stock Exchange, through investment management and into financial Public Relations for 13 years. Accordingly, he has developed a close working knowledge of the stock market, its drivers and administrative challenges.
With his broad knowledge he has assisted on several AIM and ISDX flotations providing logistical and PR support and has been appointed to the board of numerous early stage public companies as part of their admission to the public markets. In all, he has held directorships with six publicly quoted companies principally, to represent their interests in the City and amongst investors during periods of corporate change. Mr Nelson remains on the board of Adams Plc and is Chairman of ISDX quoted Equatorial Mining and Exploration Plc, an investment company in the minerals sector.
Change of Name
Shareholders have approved that the Company changes its name to Ducat Ventures plc, a new TIDM “DVC” has been applied for and will become active once a change of name certificate has been granted by Companies House.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
