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:

Current directorships and partnerships

Previous directorships and partnerships over past 5 years 

Castle Fields (Portchester) Limited

Galliford Try Strategic Land Ltd

Tilman Associates Limited

Linden Holdings Limited

 

Linden Homes Chiltern Limited

 

Linden Homes South-East Limited

 

Linden Homes Southern Limited

 

Linden Homes Western Limited

 

Try Homes Limited

 

Linden New Homes Limited

 

Fairfield Redevelopments Limited

 

Linden Homes Surrey Limited

 

The Fountain Centre (Guildford) Limited

 

Linden and Dorchester Limited

 

Wates Linden BR1 Limited

 

Wates Linden (Cuckfield) Limited

 

Linden and Dorchester Portsmouth Limited

 

Gerald Wood Homes Limited

 

Linden Limited

 

Midas Homes Limited

 

Stamford Homes North Limited

 

Amplevine Limited

 **ENDS**
 

For further information please visit www.erumaplc.com or contact:-

David Alexander

Eruma plc

 Tel: +44 (0)20 7566 2610

Wayne Money

Eruma plc

 Tel: +44 (0)20 7566 2610

Liam Murray

Cairn Financial Advisers LLP

 Tel: +44 (0)20 7148 7903

Hugo de Salis

St Brides Media & Finance Ltd

 Tel: +44 (0)20 7236 1177

Elisabeth Cowell

St Brides Media & Finance Ltd

 Tel: +44 (0)20 7236 1177


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.

Download the PDF version.