Published: Tuesday August 31, 2010
Written by on Investor News
Further to the announcement released on 5 July 2010, the Company is pleased to confirm the appointment of David Anthony Rasche (aged 60) to the Board as a Non-Executive Director with immediate effect.
David brings a wealth of experience to GB through his involvement in senior positions in the technology sector. He was the founder of Software Solutions Partners (SSP) in 2001 and built the company up through strong organic growth and a series of corporate acquisitions and buyouts. SSP was admitted to AIM in October 2006 with a market capitalisation of £68 million and in September 2008 was the subject of a management buy-out valuing the company at £198 million.
David is the Chairman of SSP which has offices in the UK, Australia, South Africa and India as well as sales offices in Europe and the USA. With a current turnover in excess of £75 million, SSP is one of the largest specialist insurance software houses in the world.
David has been in the IT industry for 37 years, with the last 27 years leading software businesses in the areas of local government, manufacturing and retail finance before founding SSP.
In addition David is a director, or has been a director in the last 5 years, of the following companies:
SSP Limited, SSP Holdings Limited, SSP Sirius Limited, SSP Sirius Solutions Limited, Sirius Financial Systems Group Limited, Key Choice Insurance Marketing Limited, Holdgrove Limited, Sectornet Limited, Mediquote Health Solutions Limited, Policy Master Group Limited, H&F Sensor Equityco Limited, Keychoice Underwriting Limited and Skipton Golf Club Limited.
Directorships in the last 5 years
Media Maker Limited, North Park Computer Services Limited, Quotel Insurance Systems Limited, The RA Group Limited, Masterplan Insurance Marketing Limited, Mastersoft Limited, Policy Master Limited, Sirius Computer Solutions Limited, Sirius Computer Systems Limited, Sirius Computing Limited, Sirius Financial Technology Limited and Sirius Group Limited.
No further disclosure is required under paragraph (g) to Schedule Two of the AIM Rules with respect to David Rasche.
For further information, please contact:
GB Group plc
John Constantin, Company Secretary
KBC Peel Hunt Ltd (Nominated Adviser and Broker)
0207 418 8900
Weber Shandwick Financial
Nick Oborne, Clare Thomas
020 7067 0700