22/9/2010
Appointment of Finance Director
Eruma plc, the AIM traded specialist provider of counter terrorism, bomb blast protection, intruder prevention and intelligent lighting solutions, is pleased to announce the appointment of David Tilman as Finance Director (‘FD’), with effect from 1 October 2010. David’s extensive experience in driving improvements in operational profitability will be highly valuable as the Company continues to focus its strategy on becoming a leading UK provider of security and lighting products.
David is a Chartered Accountant with broad experience of handling complex transactions, including acquisitions and mergers, for a range of major property and housing companies. David’s CV includes senior financial roles spanning over 20 years with Caradon Plc, Meyer International Plc, Linden Holdings Plc and Galliford Try Plc (‘Galliford’).
His most recent appointment was with Galliford’s, house building business, with a turnover of £400 million, where he was appointed Divisional FD having overseen the integration of Linden Holdings PLC, where he was Group Finance Director. In this role, David established bank funding for several major joint ventures.
David invested £135,000 in the Company’s recent placement, representing 1,500,000 ordinary shares in the Company, representing approximately 9.6 % of the Company’s total voting rights.
Eruma Chief Executive Wayne Money said, “I believe that David will be a welcome addition to the Eruma team and that his experience in managing growth will be invaluable as we continue to experience increasing sales across both our security and lighting divisions. We are focussed on growth, and the Board is confident that David will ensure that the Company’s core systems and controls will expand with scaled growth going forward.
Further disclosures in relation to David Tilman pursuant to Schedule 2(g) of the AIM Rules are set out below:-
David Ward Tilman (aged 56), hehas been a director of the following companies during the previous five years:
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Current directorships and partnerships
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Previous directorships and partnerships over past 5 years
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Castle Fields (Portchester) Limited
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Galliford Try Strategic Land Ltd
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Tilman Associates Limited
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Linden Holdings Limited
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Linden Homes Chiltern Limited
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Linden Homes South-East Limited
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Linden Homes Southern Limited
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Linden Homes Western Limited
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Try Homes Limited
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Linden New Homes Limited
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Fairfield Redevelopments Limited
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Linden Homes Surrey Limited
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The Fountain Centre (Guildford) Limited
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Linden and Dorchester Limited
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Wates Linden BR1 Limited
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Wates Linden (Cuckfield) Limited
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Linden and Dorchester Portsmouth Limited
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Gerald Wood Homes Limited
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Linden Limited
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Midas Homes Limited
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Stamford Homes North Limited
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Amplevine Limited
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**ENDS**
For further information please visit www.erumaplc.com or contact:-
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David Alexander
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Eruma plc
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Tel: +44 (0)20 7566 2610
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Wayne Money
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Eruma plc
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Tel: +44 (0)20 7566 2610
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Liam Murray
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Cairn Financial Advisers LLP
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Tel: +44 (0)20 7148 7903
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Hugo de Salis
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St Brides Media & Finance Ltd
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Tel: +44 (0)20 7236 1177
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Elisabeth Cowell
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St Brides Media & Finance Ltd
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Tel: +44 (0)20 7236 1177
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Notes
Incorporated in March 2005 and listed on AIM, Eruma plc operate through two divisions Security Blinds and Illuminex.
Security Blinds is a leading manufacturer of physical security and protection systems in the UK. Servicing both the public and commercial sectors, the patented Secur™ system provides clients with protection against theft and forced entry. The system also gives businesses and institutions the opportunity to take proactive steps to address the modern threat of terrorism; having met stringent testing requirements to win endorsement by the Home Office, Association of Chief Police Officers, leading banks, and local authorities through its ability to protect people, property and equipment from bomb blasts.
Security Blinds also produces the Anti Ram Raid Gate. This gate is installed behind roller shutters to protect against ram raids. Anchored to the inside of the building the retractable barrier resists being rammed by vehicles, including lorries, and will deter roller shutters from being forced open by jacks or breached by angle grinders used by determined thieves.
Illuminex is a supplier and distributor of intelligent lighting systems. Illuminex solid state systems provide superior performance whilst reducing costs to businesses through reductions in energy consumption and maintenance overhead. This drives a significant reduction of an organisation's impact on the environment through reducing an organisation's carbon footprint, which enables them to seek government funding and loans to implement these solutions.
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