26
September 2024
Autins Group
plc
("Autins"
the "Company" or the "Group")
Appointment of Non-Executive
Director
Autins Group plc (AIM: AUTG), the UK
and European based manufacturer of the patented Neptune melt-blown
material and specialist in the design, manufacture, and supply of
acoustic and thermal insulation solutions, announces the
appointment of Dr Qu Li as a non-executive director of the Company,
with immediate effect.
Dr Qu Li is a director and
representative of Braveheart Investment Group PLC ("Braveheart"),
which holds 26.95 per cent. of the Company's issued share capital.
The Company, Braveheart and the Company's nominated adviser have
entered into a Relationship Agreement to ensure the Company is
capable of carrying on its business independently at all times, and
that the costs associated with Qu Li's appointment and tenure as
director will be borne by Braveheart.
Dr Qu Li is an
entrepreneur, investor and businesswoman with over 30 years of
experience in corporate mergers and acquisitions, financing and
investments in the automotive industry. Dr Li is the
founder and CEO of Morris Commercial Ltd, a British automotive
manufacturing company seeking to produce zero emission full battery
electric vans.
Regulatory disclosures
In accordance with Schedule 2(g)
of the AIM Rules for Companies, Qu Li (aged 60) is, or
has been within the previous five years, a director or partner of
the following companies or partnerships:
|
Current
directorships/partnerships
|
Past
directorships/partnerships
|
|
· LDV
Group Ltd
· Morris
Commercial Ltd
· Morris
Commercial EOT Limited
· Braveheart Investment Group plc
· Multidrive Limited
· Agile
Impact Capital Ltd
· RDS
Automotive Interiors Limited
|
· Iq-AI
plc
· Peterhouse Capital Limited
· Peterhouse Holdings Limited
|
On 5 May 2005, RDS Automotive
Interiors Limited, a company of which Qu Li is a director, was
placed into administration and entered into a creditors'
voluntary liquidation on 16 November 2007. The estimated deficiency
to unsecured creditors is approximately £2.3 million.
There is no further information to be
disclosed pursuant to Schedule 2(g) of the AIM Rules for
Companies.
For
further information please contact:
|
Autins Group plc
Andy Bloomer, Chief
Executive
Kamran Munir, CFO
|
Via SEC Newgate
|
|
Singer Capital Markets
(Nominated Adviser and Broker)
Sandy Fraser / Asha Chotai
|
Tel: 020 7496 3000
|
|
SEC
Newgate
(Financial PR)
Bob Huxford
Molly Gretton
|
Tel: 020 7653 9850
|
About Autins
Autins is a UK and continental Europe
based industrial materials technology business that specialises in
the design, manufacture, and supply of acoustic and thermal
products. Its key markets are automotive, flooring, office
furniture and commercial vehicles where it supplies products and
services to more than 160 customer locations across
Europe.
Autins is the UK and European
manufacturer of the patented Neptune melt-blown material and
specialises in the design, manufacture, and supply of acoustic and
thermal insulation solutions.