W.H. IRELAND GROUP PLC

Legal Proceedings Report • Oct 15, 2013

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RNS Number : 5588Q

W.H. Ireland Group PLC

15 October 2013

W.H. Ireland Group PLC ("W H Ireland" or the "Company")

Paul Compton

W H Ireland is pleased to announce that a settlement has been reached in regard to all of Paul Compton's claims against the Company. This settlement is subject to a confidential agreement.

Paul Compton joined W H Ireland in September 2010 and was CEO from January 2011 to December 2012. During this period the corporate division grew from 68 to 83 corporate clients and the private client division saw its assets increase by approximately £200m as a result of the Pritchard Stockbroking acquisition.  During this same period, W H Ireland Group revenue increased from £18.4m (y/e November 2010) to £25.1 m (y/e November 2012).  W H Ireland wishes Paul Compton well for the future.

Rupert Lowe, Chairman of W H Ireland stated "I am pleased that this issue has now been settled and that the Company under Richard Killingbeck can focus on delivering on its strategic plan on developing further both the Corporate and the Private Client division and on delivering strong shareholder returns as a result."

Contact:

W H Ireland Limited

Richard Killingbeck, CEO

+44 (0)20 7220 1666

This information is provided by RNS

The company news service from the London Stock Exchange

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