News
Appointment of John Maples MP as Non-Executive Director
23 November 2006
Cashbox PLC (AIM: CBOX), the AIM listed independent ATM deployer and operator, is pleased to announce that it has strengthened its Board of Directors with the appointment of John Maples MP as a Non-Executive Director. John brings with him a wealth of business experience relevant to Cashbox, including a tenure as Chairman of ATM operator Bank Machine Ltd from 2003 until it was acquired by Cardtronics Inc in 2005.
Mr Maples first became a Member of Parliament for the Conservative Party in 1983 and was a Treasury Minister in the governments of both Margaret Thatcher and John Major. He has also been Deputy Chairman of the Conservative Party, Shadow Foreign Secretary and Shadow Secretary of State for Health and Defence. He is currently the Member of Parliament for Stratford-on-Avon and a Member of the Foreign Affairs Select Committee.
Commenting on his appointment, John Maples MP, said "The Cashbox model is unique in the rapidly growing UK ATM market and I am delighted to be joining the Company at such an exciting stage of its development."
Anthony Sharp, Cashbox Chairman, commented "The addition of John to the Board is a feather in the cap for Cashbox and we look forward to drawing on his vast experience. In particular, with his stewardship of Bank Machine where he oversaw the highly successful sale to Cardtronics Inc, John will provide valuable input for the team and for our shareholders."
John Cradock Maples MP, aged 63, currently holds the following directorships:
Dunlop Transcalm Ltd Advanced Visual Technology Ltd Value Retail plc Agatha Christie Ltd Autospan Ltd
John Maples MP was a director within the last 5 years of the following:
NewMedia SPARK plcBC (BMHL) Ltd Synaptic Systems Ltd
For further information:
| Cashbox plc | |
| Carl Thomas, Chief Executive | Tel: +44 (0) 870 126 2274 |
| cthomas@Cashboxplc.co.uk |
| Threadneedle Communications | |
| Josh Royston/Graham Herring | Tel: +44 (0) 20 7936 9606 |
Notes to Editors
Cashbox plc
Cashbox is a leading independent ATM deployer (IAD) with an estate of over 1,000 ATMs in locations around the UK. Cashbox installs and operates an estate of ATMs, typically on five to seven year contracts, at sites throughout the UK where there is a demand for cash withdrawal services and where customers are willing to pay a convenience fee.
Cashbox was granted membership of LINK in March 2004, allowing Cashbox to incorporate its ATMs in the LINK network. Cashbox also has a Bank of England settlement account and became the first IAD in the UK to become completely compliant with the Triple DES security standard in June 2004.
The Company intends that the majority of new installations will use the Placement Model, whereby the ATM is purchased by Cashbox under lease hire, placed with the merchant and replenished by the merchant, eliminating the need for third party cash handling costs.
The Company listed on AIM in March 2006.
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