LP Hill Plc
LSE : LPH

August 07, 2009 06:46 ET

Board Changes, Transfer of Loan Note and Shares


For immediate release                                            7 August 2009

                                            LP Hill PLC
                                   ("LP Hill" or the "Company")
                                                 
                                           Board Changes
                                                 
                       Transfer of Convertible Loan Note and Ordinary Shares
                                                 
                                                 
Board Changes

The  Company  is  pleased  to  announce the appointment of Gerard (Gerry)  Anthony  Nealon  as  an
Executive  Director  with  immediate  effect.  Mr Nealon, 49,  is  currently  Chairman  of  Bezant
Resources  Plc, whose shares are traded on AIM, and has previously held the positions of  Chairman
with  Sylvania Resources Limited and Commercial Manager with Dwyka Diamonds, both companies  being
listed on AIM and ASX.  He is currently the Chairman of Magnum Mining and Exploration Limited  and
Great Australian Resources Limited, both companies listed on ASX.

Current Directorships                            Past Directorships

Bezant Resources Plc                                     Sylvania Resources Limited
Magnum Mining & Exploration Limited               Clean Water Australia Pty. Ltd
Great Australian Resources Limited                        Invest Tech Pte. Ltd
Limerick Global Consulting Pty. Ltd                       Floran Asia Pte. Ltd

There is no further information required to be disclosed under Schedule Two of the AIM Rules.

In addition, Mr Leo Knifton has resigned from the Board with immediate effect.

Convertible Loan Note and Ordinary Shares

The Company announces that the Convertible Loan Note issued to Coran Investments Limited ("Coran")
on  16  September 2008 in respect of £50,000 has been assigned to Almaretta Pty Ltd  ("Almaretta")
for a cash consideration of £18,000.    In addition, Coran's entire interest in the Company, being
200,000  ordinary shares of 0.1p each or 25.88% of the Company's issued share capital,  have  been
transferred to Almaretta for a cash consideration of £2,000, and Coran no longer has a  notifiable
interest in the Company's issued share capital.

ENDS

Enquiries:                                                  

LP Hill PLC                                                 Tel: +44 (0) 7769 906 906
Nigel Weller
                                                            
Beaumont Cornish                                            Tel: +44 (0) 20 7628 3396
Roland Cornish





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