GW Pharmaceuticals today announces the appointment of Mr David Morrison as a non-executive director with immediate effect. Mr Morrison replaces Mr Peter Mountford, who today resigns as a non-executive director.
David Morrison is Chief Executive of Prospect Investment Management, an investment advisory firm. Clients of Prospect are shareholders in GW. David began his career with 3i Group, followed by 13 years with Abingworth Management Limited. David is also a non-executive director of a large number of public and private companies, including Paypoint plc, Venture Production plc, BlueHeath Holdings plc, MessageLabs Group Ltd, MGT plc, Standard Life Equity Investment Trust plc and UK Specialist Hospitals Ltd.
Dr Geoffrey Guy, Executive Chairman of GW, said: '”We are delighted to welcome David to the Board of GW. David is a valued advisor to, and investor in, a range of public and private companies and his expertise is ideally suited to GW as it embarks on the next phase of its growth.”
Commenting on the resignation of Peter Mountford, Dr Guy, said, “Peter has been a non-executive director of GW for five years. Peter’s extensive experience as an investor in and advisor to emerging companies was instrumental in helping us to successfully float on the AIM market in June 2001 and he has continued to be a valuable member of the Board since that time. Everyone at GW joins me in thanking Peter and wishing him all the best and continued success in his other business ventures.”
Peter Mountford owns warrants to subscribe for up to 51,765 ordinary shares in the capital of the Company which originally expired on 14 January 2006. The Board has agreed to extend the exercise period such that the warrants may be exercised at any time on or before 14 January 2008.
- Ends -
GW Pharmaceuticals plc + 44 (0)1980 557000
Dr Geoffrey Guy, Executive Chairman
Justin Gover, Managing Director
Weber Shandwick Square Mile + 44 (0)20 7067 0700
DAVID MORRISON - LIST OF CURRENT AND FORMER DIRECTORSHIPS
UK Specialist Hospitals Limited
Shepton Mallet Treatment Centre Limited
Blueheath Holdings plc
Standard Life Equity Investment Trust plc
R.H.S. Enterprises Limited
Vibration Technology Limited
Luckington Properties Limited
MGt Trustee Limited
MessageLabs Group Limited
Venture Production plc
PayPoint Collections Limited
PayPoint Retails Solutions Limited
PayPoint Network Limited
The Houghton Club Limited
Prospect Investment Management Limited
Former directorships held since 8 February 2001:
Blue Heath Direct Limited
Arundel House Enterprises Limited
There are no further disclosures to be made in respect of David Morrison pursuant to paragraph (f) of Schedule 2 of the AiM Rules for companies.