Directorate Change 12 Feb 2007
Islamic Bank of Britain Plc
12 February 2007
ISLAMIC BANK OF BRITAIN PLC ("IBB")
Directorate changes:
The board of directors of the Islamic Bank of Britain Plc is pleased to announce the appointment of Robert John Owen as a senior independent non-executive director effective 12 February 2007.
Robert Owen (aged 49) was Founder and Chief Executive of London Mortgage Company, leading the company through its successful MARS programme of securitisations and growing the business in four years to over £1.4bn of mortgage assets.
He previously held senior executive roles at Lloyds TSB, Kensington Mortgage Company and Yorkshire Building Society, prior to which he enjoyed a successful consultancy career within the financial services industry.
Robert has BA and MBA degrees and is a Fellow of the Chartered Institute of Bankers. Information about his current and previous directorships is given below. IBB confirms that there are no other matters requiring disclosure in relation to Rule 17 and schedule 2(g) of the AIM Rules.
Additionally, the board of directors of the Islamic Bank of Britain Plc announces that Chris Davis has submitted his resignation after 3 years as Senior Independent Non-Executive Director as of 12 February 2007. The Board of Directors has accepted his resignation with regret. The Board would like to thank him for his invaluable support and wish him well for the future.
For further information please contact:
• Gerry Beaney, Grant Thornton UK LLP (Nominated Adviser)
(tel: 020 7383 5100)
• Howard Drummon, Keith Bayley Rogers (Broker)
(tel: 020 7253 7502)
• Media contact: McCann Erickson PR - Alison Love/Caroline Binch
(tel: 0121 713 3500)
Information to be disclosed pursuant to Rule 17 and schedule 2(g) of the AIM Rules.
Robert Owen holds, or has held, the following directorships or has been partner in the following partnerships within the five years prior to the date of this announcement:
Previous Directorships:
- Matlock Bank Limited
- Langersal No.2 Limited
- Priam Insurance Company Ltd
- Marble Arch Residential Securitisation Ltd
- Marble Arch Residential Securitisation No 2 Ltd
- Marble Arch Residential Securitisation No 3 Ltd
- The Finance Industry Standards Association