Editor's Pick: Markets: The week that was (16-20/11/09)
(VTS.L) Vantis PLC Buy/Sell
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Summary
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| Date/Time | Headline | Source |
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| 20-11-09 | RNS |
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RNS Number : 8414C Vantis PLC 20 November 2009
VANTIS plc ("Vantis", "the Company" or "the Group") Board Restructuring and Board Changes Vantis, the accounting, tax and business recovery Group, announces a restructuring of its Board ahead of its AGM to take place on 17 December 2009 (the "Restructuring"). The Board believes that the Restructuring is appropriate to streamline the Group's management to take the Group through its next stage of development. The Restructuring will also strengthen the Group's compliance with the Combined Code on Corporate Governance. Accordingly, the Company announces that Mr Graham Cole, Mr Bob Thornton, Mr Trevor Applin and Mr Paul Ashton will be stepping down from the PLC Board at the conclusion of the AGM. As reported at the recent preliminary results, Mr Paul Gourmand will also be stepping down, retiring as Non-executive Chairman at the conclusion of the AGM. As a result, Mr Mike Wheeler will be appointed as Non-Executive Chairman of the Board to succeed Mr Paul Gourmand and Mr Steve Smith will be joining the Board with immediate effect as Interim Finance Director. Mike Wheeler (aged 58), is a qualified Chartered Accountant and former Global Managing Partner of Advisory Services at KPMG. He has provided strategic advice to a very wide range of companies around the world. Formerly Senior Adviser and Non-executive Chairman of Close Brothers Corporate Finance, Mike Wheeler is currently a Non-executive director of the Department of Health and Chairman of the Audit Committee of Dubai Holdings. Stephen Smith (aged 56) is a Chartered Management Accountant, a Fellow of the Association of Corporate Treasurers and a Member of the Institute for Turnaround who, since 1995, has operated as an independent consultant, non-executive director and interim manager on an international basis for a number of different companies. Trevor Applin, currently Finance Director of the Group, will be stepping down from the PLC Board to become Chief Operating Officer on the Management Board, which has responsibility for the day to day operations of the Group. To allow Trevor to concentrate on this role, Stephen Smith will assume the Finance Director's responsibilities on an interim basis until a new full time Finance Director is appointed. Paul Ashton and Bob Thornton will also be stepping down from the PLC Board to the Management Board. Paul Ashton will continue as Company Secretary, and both Paul Ashton and Bob Thornton will continue with their day to day responsibilities. Following the AGM, the PLC Board will comprise:
Save as detailed below, there is nothing further to disclose in relation to the appointment of Mike Wheeler and Stephen Smith respectively, under Schedule Two, paragraph (g) of the AIM rules. Mike Wheeler has held the following directorships during the last five years: Stephen Smith has held the following directorships during the last five years:
For further information:
Notes to Editors Vantis plc is the AIM listed leading UK accounting, tax and business recovery and advisory group, focused on helping owner-managed businesses and high net worth individuals successfully achieve their personal and business aspirations. Services are provided locally and nationwide by experienced professionals and specialist industry teams who offer comprehensive sector knowledge and product expertise. Vantis strives to provide all clients with successful, bespoke solutions to help generate and preserve their wealth. The Vantis group offers a range of specialist skills including Accounting, Taxation, Business Advice, Corporate Finance, Asset Finance, Forensic Accounting and Dispute Resolution, Business Recovery & Personal Insolvency Services, Restructuring and Turnaround Services, Outsourcing, Management Consultancy, Company Secretarial, Customs Duty Recovery and Advisory Services, Independent Financial Advice, High Net Worth Services and Sports Advisory Services and Solutions. The Vantis group now has approximately 1,000 staff operating from 17 locations throughout England. For more information about Vantis, please visit www.vantisplc.com This information is provided by RNS The company news service from the London Stock Exchange END
BOAMGMZMGGFGLZM More |
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| 16-11-09 | RNS |
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RNS Number : 5839C Vantis PLC 16 November 2009 "Vantis PLC ('Vantis' or the 'Company') Directors' dealings Vantis was notified on 13 November 2009 that on 6 November 2009 Equiniti, the independent trustee ("Trustee") of the Company's share incentive plan ("SIP"), purchased, in accordance with the SIP's rules and on behalf of all SIP participants, ordinary shares of 10 pence each in the Company ("Ordinary Shares"). Under the terms of the SIP, participating members, including employees and directors of the Company, contribute a fixed amount to the Trustee on a monthly basis. The Trustee acquires shares in the Company every three months at the prevailing share price. Following the purchases, the following directors of the Company became interested in an additional 767 Ordinary Shares at a price of 55 pence per share and will have the following interests in the Company's issued share capital:
P F Jackson, P K Ashton and T Applin are, in addition to their individual holdings detailed above, together interested in 1,259,319 shares held jointly by them on behalf of he former equity partners of Morgan Brown & Spofforth." This information is provided by RNS The company news service from the London Stock Exchange END
RDSBUBDBXUBGGCL More |
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| 12-11-09 | RNS |
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RNS Number : 3778C Office of Fair Trading 12 November 2009
OFT LAUNCHES MARKET STUDY INTO CORPORATE INSOLVENCY The OFT has today launched a market study into corporate insolvency. The study will look at the structure of the market, the appointment process for insolvency practitioners and any features in the market which could result in harm, such as higher fees or lower recovery rates for certain groups of creditors. It follows concerns raised within Government, including the Insolvency Service an executive agency of the Department for Business, Innovation and Skills, and the industry itself.
A recent World Bank report showed the costs of closing a business in the UK are higher than other countries with similar or even better recovery rates. A report by R3, the trade body for insolvency practitioners, also highlighted the cost of insolvency as a relative weakness of the UK's regime.
Clive Maxwell, OFT Senior Director of Services, said: 'We want to identify any potential problems within the corporate insolvency market to ensure that firms and practitioners are competing freely and that the market is working well for the end consumers. Efficient insolvency services are an important component of a modern market economy.' The OFT will be speaking to key parties directly. Others who wish to make a submission should write to: Corporate Insolvency Market Study, Office of Fair Trading, Level 4C, Fleetbank House, 2-6 Salisbury Square, London EC4Y 8JX. Email corporateinsolvency@oft.gsi.gov.uk.
NOTE 1. Corporate Insolvency covers formal insolvency procedures in relation to incorporated businesses such as, administration, receivership, liquidation and company voluntary arrangements. It does not include personal insolvency procedures which apply to individuals, sole traders and partnerships such as individual voluntary arrangements and bankruptcies. 2. Market studies are conducted under the OFT's general function under section 5 of the Enterprise Act 2002, which includes the functions of obtaining information and conducting research. 3. Market studies involve an analysis of a particular market with the aim of identifying and addressing any aspects of market failure from competition issues to consumer detriment and the effect of government regulations. Possible results of market studies include: enforcement action by the OFT; a reference of the market to the Competition Commission; recommendations for changes in laws and regulations; recommendations to regulators, self-regulatory bodies and others to consider changes to their rules; encouraging firms to take voluntary action; campaigns to promote consumer education and awareness; 'a clean bill of health' for the industry. 4. The OFT is unable to provide advice or resolve individual complaints for consumers. Consumers can seek advice from Consumer Direct (tel: 08454 04 05 06, www.consumerdirect.gov.uk). 5. The World Bank published a report 'Doing Business 2010', which is available at http://www.doingbusiness.org/ 6. R3 is the professional association for insolvency, business recovery and turnaround specialists in the UK. R3 published a report called 'The Value of the Insolvency Industry', which is available at https://www.r3.org.uk/publications/default.asp?dir=professional&pag=Thensolvency industry&i=475. MEDIA enquiries: 020 7211+
Copies of press notices: Ext. 8993 http://www.oft.gov.uk PUBLIC enquiries: 0845 7224499 enquiries@oft.gov.uk OFT reports and consumer information leaflets are available free from: OFT, PO Box 366, Hayes UB3 1XB 0870 6060321 oft@eclogistics.co.uk This information is provided by RNS The company news service from the London Stock Exchange END
MSCBBBRTMMIBBPL More |
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| 02-11-09 | RNS |
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RNS Number : 7512B Vantis PLC 02 November 2009 For immediate release 2 November 2009
VANTIS PLC ("Vantis" or "the Group") Posting of Annual Results Following the announcement of the Group's results for the year ended 30 April 2009 earlier this morning, the Group confirms that its annual audited accounts for the year ended 30 April 2009 will be posted to shareholders later today. For further information:
Paul Jackson, Chief Executive Paul Ashton, Executive Director
Martin Smith/Tim Pratelli
Richard Darby, James Strong, Chris McMahon This information is provided by RNS The company news service from the London Stock Exchange END
MSCVLLBBKFBEFBD More |
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NM
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| Thu 14:27 | ||||
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:-)
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| Thu 13:16 |
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I wonder if Vantis director shareholders have considerred gifting their shares to charity?
They could get 40p in the £ tax relief guaranteed More | View thread (8) | Respond | Login to Vote up | Login to Vote down |
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| 04-11-09 | ||||
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No bl**dy fear. I hate auditors.
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