16 Apr 2012 07:00
16 April 2012
Brainspark plc
("Brainspark" or "the Company")
Resignation of Directors
Brainspark, an AIM listed fast growing international investment company announces that Executive Chairman, Justin Drummond and Non-Executive Directors, Haresh Kanabar and Alessandro Malacart have resigned with immediate effect to pursue other projects. Both Mr Drummond and Mr Kanabar will remain as part-time consultants to the Company.
The Board is currently interviewing suitable replacements and an announcement will be made in due course.
Alfredo Villa, CEO of Brainspark, commented, "I would like to thank Haresh and Alessandro for their tireless work over the past three years. Both have been instrumental in shaping the course of Brainspark's portfolio and we wish them the best for the future.
"Justin joined the board in February of this year at a very difficult time for the Company, but his contribution during his short tenure, particularly his ability to quickly raise money for us, has left Brainspark in a much stronger position."
-ends-
For further information please contact:
Brainspark plc +39 02 525 051
Alfredo Villa, CEO
Westhouse Securities +44 (0) 20 7601 6100
Antonio Bossi
Jonathan Haines
Leander PR +44 (0) 7795 168 157
Christian Taylor-Wilkinson
About Brainspark Plc
Brainspark plc (AIM: BSP) is an AIM listed investment company pursuing a dynamic strategy to create a comprehensive portfolio of companies primarily encompassing the interactive media, leisure, entertainment and financial services sectors mainly in Italy but also other European countries. The company may be either a passive or active investor and Brainspark's investment rationale ranges from acquiring minority positions with strategic influence through to larger controlling positions.