PRESS
Appointment of Director
The Company is pleased to announce the appointment to the board of Mr Cormac O Tighearnaigh, B Comm, FCA, to act as Finance Director to the Company, commencing May 21st.
Mr. O Tighearnaigh, a 38 year-old Chartered Accountant, trained with PWC in Dublin. He has extensive experience in corporate finance and operational
financial management.
He was previously employed by private equity firm Allen McGuire, where he worked on a number of transactions. The largest of these was the acquisition in July 2000 of Adare Group - a print, packaging and mailing group of companies with sales of over €200m. Adare was quoted on the Dublin and London stock markets at the time.
Mr O Tighearnaigh subsequently joined founder and Chief Executive, Nelson Loane, on the Board of Adare, when he was appointed Group Finance Director. The management team achieved margins significantly and consistently ahead of industry averages, and generated substantial returns for investors when it was disposed of last year for more than €150m.
Cormac O Tighernaigh holds no current directorships or partnerships and has held the following directorships and partnerships in the previous five years;
Current Past
NAPG Limited
CAHL Limited
Great Northern Envelope Company Limited
Alexander Pettigew Limited
Adare Precissicion Limited
On Demand Communications Limited
Adare Intellidata Limited
William Caple and Company Limited
Printronic Limited
Prontaprint Group Limited
Business Barter Limited
Continuous Stationery Limited
Fairfield Graphics Limited
Forms Factory Limited
Word Processor Stationery Limited
Kall Kwik UK Limited
Prontaprint Limited
Centre 634 Limited
The Franchise Option Limited
Prontaprint Communications Limited
Prontaprint Exploration Limited
Citico Print Centres Limited
Centre 1566 Limited
Prontaprint North East Limited
Adare Direct Mail Limited
Prontaprint International Limited
Kall Kwik Europa Limited
Adare Carwin Limited
Prontaprint Retail Limited
Prontaprint Services Limited
Darley Limited
Adare Mailing Solutions Limited
Fudge Kitchen (UK) Limited
Adare Label Converters Limited
Adare Packaging Solutions Limited
Adare Print Management Solutions Limited
Kenley Press Limited
Fudge Kitchen (Darlington) Limited
Adare Lexicon Limited
Kalmazoo Security Print Limited
Adare Limited
Adare Business Communications Limited
Adare Label Solutions Limited
Adare Print Management Limited
Adare Speciality Print Limited
Adare Properties (UK) Limited
Adare Printing Group Ltd.
CJ Fallon Limited.
Korah Limited
Perigord Limited
CJ Fallon Holdings Limited
Presswell Limited
Presswell Group Limited
School & College Publishing Limited
Esoum Limited
Esoum Holdings Limited
Flexible Packaging Limited
Screen Print Limited
Prontaprint BV
John O'Shea, Managing Director of zamano, commented:
'It is testament to zamano's ambition that a candidate of Cormac's calibre, experience and energy has decided to join this high-growth company. In the past year zamano has expanded our management team, and combining the acquisition of Eirborne and the appointment of Cormac now puts the company in a very strong position to realise our growth plans. On behalf of the Board, I'm delighted to welcome Cormac'
There are no other matters required to be disclosed pursuant to paragraph (g) of schedule 2 of the AIM Rules and the IEX Rules.
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