The following announcement is to replace the announcement released 11:07 under RNS number 4904S.
SIGMA CAPITAL GROUP PLC("Sigma" or the "Company")
Sigma Capital Group plc (AIM:SGM), the specialist asset management and advisory group, is pleased to announce a restructuring of its board and the appointment of Mark Hogarth to the board as an Investment Director in order to reflect the development and growth of its business and the responsibilities within.
Under the new structure Graham Barnet, previously Joint Managing Director, will take up the post of Chief Executive Officer and Neil Crabb, previously Joint Managing Director, will take up the post of Chief Investment Officer. Sigma's board will now comprise, Graham Barnet Chief Executive Officer, Neil Crabb Chief Investment Officer, Marilyn Cole Finance Director, Mark Hogarth Investment Director and Brian Hadfield non-executive Chairman. The board is currently reviewing the position of further non-executive directors and expects to announce an appointment this year.
Mark Stephen Hogarth (32) has been with Sigma on the investment team for five years and was appointed as a director of the operating company Sigma Technology Management Limited ("STM”) in January 2005. For the past 18 months Mark has been an investment director involved in sourcing and reviewing investment proposals for Sigma's funds and reporting to Sigma's Investment Committee. As well as negotiating investments and leading the investment transactions, Mark also sits on the boards of a number of Sigma’s portfolio companies. Mark has worked on more than 30 investment rounds since joining Sigma in 2002. Mark was previously with Andersen Business Consulting where he worked with blue chip clients on a range of technical, strategic and business issues.
Mark is currently also an investor representative of STM and non-executive director of i-design multimedia Limited and DEM Solutions Limited and was formerly an investor representative of STM and non-executive director of Petrodata Limited, which is in liquidation. Mark holds 431 ordinary shares in Sigma together with options over a further 655,000 ordinary shares. There are no further details that are required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.
In addition to the above, we are pleased to announce the appointment of Jackie McKay to the STM board, subject to regulatory approval. Jackie (47) has been with Sigma since 2000 and is principally responsible for the organisation of Sigma's funds, supporting its fundraising activities and the management of Sigma's university relationships. Prior to Sigma, Jackie worked on the executive team serving the main board at HBOS plc.
ENDS
Contact
Sigma Capital Group plc
Graham Barnet, Chief Executive Officer
0131 220 9444
Neil Crabb, Chief Investment Officer
020 7653 3200
Buchanan Communications
Diane Stewart/Isabel Podda
0207 466 5000
About Sigma Capital Group plc
Sigma Capital Group plc is an AIM-listed UK asset management and advisory group which focuses on Specialist Fund Management, Commercialisation of University IP and Property. Sigma was founded in 1997 by Graham Barnet and Neil Crabb, and has offices in Edinburgh and London. www.sigmacapital.co.uk