Escher : Confirmation of Board changes

21 June 2016

Escher Group Holdings plc

Confirmation of appointment of non-executive Chairman and non-executive Director

Further to the announcement on 27 May 2016, Escher Group Holdings plc (AIM: ESCH, 'Escher' or the 'Group'), a world leading provider of outsourced point-of-service software to the postal industry, has confirmed the appointment of Nick Winks as non-executive Chairman and Stephen McLeod as non-executive Director, both with immediate effect.

Nick Winks will chair the Group's Nominations Committee and Stephen McLeod will become the Senior Independent Director.

Enquiries:

Additional Information

In accordance with the AIM Rules, the following information required to be disclosed in relation to Nick Winks is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules.

Full name and age

Nicholas ('Nick') Paul David Winks, aged 68

Current beneficial shareholding in the Group

Nil

Current Directorships

Former Directorships (previous five years)

Disclosure required under paragraph (g) (v) and (vii) of Schedule Two of the AIM Rules for Companies

Mr Winks was appointed as a director and chairman of Colorgraphic plc and its subsidiaries, namely CCS Pippbrook Limited, CCS Computalist Limited, Chartwell One Limited, Chartwell Two Limited, Chartwell Three Limited, Chartwell Four Limited, Color Response Limited, Colorgraphic Group Pension Trustees Limited, Colorgraphic Leasing Limited, Colorgraphic North America Limited, Colorgraphic Overseas Limited, Colorgraphic Services Limited, Lobbysun Limited and Pippbrook Software Limited in or around May 1991. In July 1992, these companies were placed into administrative receivership and subsequently, into a voluntary creditors' liquidation in January 1993. Mr Winks resigned as directors of these companies in July 1993. Colorgraphic plc was finally dissolved in May 2007 and the dissolution of its subsidiaries, followed shortly. The deficiency as regards creditors was approximately £7.5 million. Chartwell Four Limited was finally dissolved in May 2015; however, in October 2015 it was restored to the Register of Companies due to a litigious claim.

Mr Winks was appointed as a director of Evans Mechanical Services Limited on 5 November 2010 and resigned as director on 1 July 2011. On 19 January 2012, the company was placed into creditors' voluntary liquidation and dissolved on 20 August 2014. The deficiency as regards creditors was approximately £665,000.

Mr Winks was appointed as a director of Jubb Limited on 17 April 2003. On 6 October 2004, the company was placed into administration and subsequently, a voluntary creditors' liquidation on 25 November 2005. The company was finally dissolved in May 2007 with no deficiency as regards creditors.

Mr Winks was appointed as a director of Patientline plc on 18 May 2006 and resigned as director on 25 July 2008. On 28 July 2008, the company was placed into administration and on 12 September 2008, the company and its relevant subsidiaries were sold to Hospedia Group Limited for £46.0 million. The company was finally dissolved on 27 May 2009 and the deficiency as regards creditors was approximately £34.7 million.

Mr Winks was appointed as a director of Panacea Group its subsidiaries, namely Project Potion Group Limited, Project Potion EBT Limited, Project Potion GH Limited and Project Potion Holdings Limited, in February 2009. On 13 December 2010, these companies were placed into a voluntary creditors' liquidation. The companies were finally dissolved between 2012 and 2013. The deficiency as regards creditors was approximately £11.0 million.

Mr Winks was appointed as chairman of Reabold Resources plc (formerly Adventis Resources plc) on 14 February 2011 and resigned as director on 19 December 2012. On 23 July 2012, the company was placed into administration and subsequently, a voluntary creditors' liquidation on 19 December 2012. The voluntary creditors' liquidation was completed on 2 October 2013 with no deficiency was regards creditors.

In accordance with the AIM Rules, the following information required to be disclosed in relation to Stephen McLeod is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules.

Full name and age

Stephen ('Steve') Douglas McLeod, aged 64

Current beneficial shareholding in the Group

Nil

Current Directorships

Former Directorships (previous five years)

Disclosure required under paragraph (g) (v) and (vii) of Schedule Two of the AIM Rules for Companies

Mr McLeod was appointed as a director of Cella Energy Limited on 18 February 2014. On 6 June 2014, the company was placed into administration on 6 June 2014 and dissolved on 17 March 2016. The deficiency as regards creditors was approximately £25,000.