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Millwall Holdings plc

Appointment of Director


The Company is pleased to announce the appointment of Richard Stern Press to the Board of Millwall Holdings plc as Non Executive Director with immediate effect. Richard, aged 71, is a resident of the USA and is a successful businessman based in Boston whose main interests are in the Financial Services and Insurance sectors. Since 2006 Richard has been Chairman of the Board of Transatlantic Holdings Inc, a Financial Services company based in New York, and prior to that was, from 1994 to 2006, a Senior Vice President and Director of the Insurance Asset Management Group of Wellington Management Company LLC, a Boston based company, managing assets on behalf of clients globally.

The Press Children’s Trust (“PFT”) is the holder of £100,000 of Secured Convertible NFL Loan Notes (issued pursuant to an instrument of the Company dated 28 March 2007) (“NFL Notes”) acquired by PFT on 26 July 2007 and £24,574 of Payment-In-Kind Notes (“PIK Notes”) issued in respect of capitalised interest due on the NFL Notes (the NFL Notes and the PIK Notes together the “Notes”).  The Notes can be converted into Ordinary Shares in the Company at an issue price of 0.03 pence per share up to two business days before the Notes are repaid.  If all of the Notes are converted 415,246,667 Ordinary Shares would be issued. Further PIK Notes may be issued in lieu of future interest due on the Notes.
 
Richard S. Press holds or has held (during the previous 5 years) the following directorships and partnerships based in the USA:

Current Directorships 

Housing Authority Risk Retention Group

Flexible Medical Systems LLC

Transatlantic Holdings Inc

Board of Governors of Beth Israel
Deaconess Medical Center

Board of Governors of National Pediatric Multiple Sclerosis Center

Past Directorships

Pomeroy IT Solutions Inc

Vice President and Director of the Insurance Asset Management Group of Wellington Management Company LLC


 Contacts:

Millwall: Andy Ambler
020 7232 1222
Tom Simmons
020 7232 1222


Seymour Pierce: Jeremy Porter / Tom Sheldon
020 7107 8000

 

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Last modified: 30-03-10