Re Directorate
20 Dicembre 2001 - 8:00AM
UK Regulatory
RNS Number:9994O
Music Choice Europe PLC
20 December 2001
Press Release
Music Choice Europe plc
Appointment of Chief Financial Officer
20 December 2001
Music Choice Europe plc ("Music Choice"), the non-stop music network, is
pleased to announce the appointment of Jonathan Apps to the Board as Chief
Financial Officer, with immediate effect. Jonathan's primary responsibilities
will be to develop and direct Music Choice's financial strategy, communicate
and sell the strategy to the City, and to spearhead the company's investor
relations programme. Jonathan will also lead acquisition and other key
negotiations which have a financial impact on company business.
Jonathan, 37, joins Music Choice from e-capital Investments plc ("e-capital"),
an AIM-listed venture capital fund specialising in early stage technology
investments, where he was Chief Financial Officer. By 30 June 2001 e-capital
had net assets of #18.8 million and a portfolio of 28 investments. Jonathan
was also joint MD of the wholly owned consulting subsidiary, VEO Limited,
until its disposal in 2001.
Prior to joining e-capital, he spent four years at Equant Integration Services
Limited, part of the Equant NV group which was quoted on the NYSE and the
Paris Bourse, becoming European Finance Director based in Paris, where he was
responsible for the day-to-day financial operations throughout 25 countries.
Jonathan started his career at Coopers & Lybrand, where he worked in both the
management consultancy and accounting practices over 11 years.
Mark Hillier, currently Director of Finance and Company Secretary, has
resigned from the Board but will continue to manage the day-to-day accounting
and company secretarial operations of the Group.
The Board can confirm that there is no relevant information to disclose under
paragraphs 6.F.2 (b) to (g) of the Listing Rules in relation to Jonathan's
appointment.
Simon Bazalgette, Chief Executive of Music Choice Europe, commented:
"We are delighted to welcome Jonathan to Music Choice, with his extensive
experience at international listed companies. We are confident that Jonathan
will add valuable skills to our strong management team and together we will
continue to develop Music Choice as the leading provider of music on digital
television."
- ends -
For further information, please call:
Music Choice Europe plc 020 7014 8700
Simon Bazalgette, Chief Executive
Margot Daly, Chief Operating Officer
Weber Shandwick Square Mile 020 7950 2800
Louise Robson / Stephanie Smart
Notes to Editors
The centre for great music
Music Choice, the non-stop music network, delivers an unparalleled selection
of uninterrupted digital-quality music and music related content, across
multiple digital media 24/7.
Emerging from a joint venture of the of industry's biggest names, Warner,
Sony, EMI and Motorola (BSkyB becoming an investor in 1998), Music Choice
provides 47 different, genre-specific music channels to 10.5 million homes
(potentially over 25 million listeners), across 18 countries throughout Europe
and the Middle East.
Music Choice underwent a successful flotation in October 2000 and the #46
million of raised investment is committed to further building its brand and
audience.
To find out more about Music Choice visit: http://www.musicchoice.co.uk.
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