WorldSpreads Group plc Directorate ChangeBy Worldspreads Uk, PRNE
Wednesday, June 1, 2011
LONDON, June 2, 2011 -
- Charlie McCreevy, Former EU Commissioner Joins WorldSpreads Group plc
as Non-Executive Director, to Support Group's Growth Across Europe
WorldSpreads Group plc (www.worldspreads.com/en/home.aspx), the
financial market trading company, is pleased to announce that Charlie
McCreevy has joined the Board of the Group, as a Non-Executive Director, with
Following a period as Ireland's Minister for Social Welfare, Tourism and
Trade, Mr McCreevy was Minister for Finance from 1997, where he simplified
the tax system and steered Ireland's entry into the EU's Economic and
Monetary Union and the Euro. In 2004, Mr McCreevy became European
Commissioner for Single Market and Services, retiring in 2010. Presently, Mr
McCreevy, among his other positions, also sits on the Board of Ryanair.
At WorldSpreads, Mr McCreevy will take an active part in the company's
growth throughout Europe, developing new partnerships with banks,
stockbrokers and other financial third parties, in line with WorldSpreads'
Conor Foley, CEO of the Group, said: "We see Europe as our growth market
and we see developing strong partnership agreements as a key part of our
growth strategy. From his position as EU Commissioner, Charlie McCreevy
gained a unique insight into the EU financial services sector. He is
therefore very well positioned to help us gain access to a set of select
target partners and we are therefore confident that we will encounter some
exciting new partnership prospects over the next two years."
Charlie McCreevy, newly appointed Non-Executive Director, said: "Spread
trading has quickly evolved into a mainstream financial service throughout
the UK and Europe. WorldSpreads has demonstrated that it has the professional
capability to penetrate these markets. I am very pleased to make my export
promotion experience gained as a Minister and my knowledge of the UK and EU
markets available to assist companies such as WorldSpreads. I look forward to
working alongside its Board and management team to help the company fulfil
WorldSpreads continues to deliver on its global growth plans. As
indicated in the pre-close trading update released by the Group on 31 March
2011, Revenue for the year ended 31st March 2011 was 25% ahead of that
recorded in the previous year. Active clients were up by 50% and transactions
by 100%. Innovation, aggressive pricing and marketing in the highly
competitive UK market continues to pay dividends as new offices in Germany,
France, Sweden and Denmark come on line, joining established markets in
Spain, Hungary, Greece and South Africa.
Further information required by Rule 17 and Schedule 2(g) of the AIM
Rules for Companies:
Charles John (Charlie) McCreevy, 61, currently holds Non-Executive
Director positions at Sports Direct International Plc and Ryanair Holdings
plc. He is also a Director of Dublin-based Bank of New York Mellon Clearing
International (BNY Mellon Clearing), a unit of the global banking group.
In the last five years, Mr McCreevy has served as EU Commissioner for
Internal Market and Services (2004-2010) and has been a Non-Executive
Director of NBNK Investments Plc.
Mr McCreevy does not hold any ordinary shares in WorldSpreads Group plc.
No further disclosures are required in accordance with Rule 17 and
Schedule 2(g) of the AIM Rules for Companies.
About WorldSpreads Group plc
WorldSpreads Group plc (AIM: WSPR) is a fast growing financial services
group offering online and telephone trading. The Group's core activity is the
provision of spread betting (www.worldspreads.com/en/home.aspx)
products on the financial markets to retail clients from its website
WorldSpreads Limited, a wholly-owned trading subsidiary of WSPR, is
regulated and authorised by the Financial Services Authority. It offers a
full range of spread betting prices on all the major financial markets,
including stock indices, individual shares, currencies, commodities and
The Group floated on the London Stock Exchange's AIM market in August
2007 and gained a dual listing by joining the Irish Stock Exchange's IEX
market in May 2008.
For further information please contact: WorldSpreads Group plc, Conor Foley, Chief Executive Officer / Niall O'Kelly, Chief Financial Officer, +353(0)1-775-5210 / +44(0)20-7398-5100; Collins Stewart Europe Limited, Matt Goode / Ileana Antypas, +44(0)20-7523-8350; Bloxham, Peter O'Carroll, +353(0)1-611-9200; Matrix, Malcolm Strang / Paul Daly, +44(0)20-3206-7000
Tags: June 2, London, United Kingdom, Worldspreads Uk