Pires Investments PLC announced the appointment of John May and Placid Gonzales as directors of the Company. At the same time and as part of this restructuring, Richard Armstrong, Aamir Quraishi and Christopher Yates have agreed to step down from the Board with immediate effect. Richard Armstrong will become a consultant to the Company with a specific brief in relation to the Company's quoted company investments.

Placid Gonzales has over 35 years' experience in Investment Planning and Tax Mitigation.