Elektron Technology PLC Board Changes (8037K)
December 18 2018 - 3:05AM
UK Regulatory
TIDMEKT
RNS Number : 8037K
Elektron Technology PLC
18 December 2018
Elektron Technology plc
("Elektron", the "Group" or the "Company")
Board Changes
The Board of Elektron Technology plc (AIM: EKT), the global
technology group, announces today that Peter Welch, Non-Executive
Director is stepping down from the Board on 31 January 2019 after
service of more than 3 years.
The Board is also pleased to announce that Mr Richard ('Ric')
John Piper has agreed to re-join the Board as a Non-Executive
Director, with immediate effect. Ric is also appointed Senior
Independent Director and a member of the Audit and Remuneration
Committees.
Mr Piper, aged 66, qualified as a Chartered Accountant in 1977.
He was appointed Finance Director of Logica (UK) in 1990 and was
Group Finance Director of WS Atkins from 1993 to 2002. Since 2003
he has been Chairman or Non-Executive Director of several AIM and
privately owned businesses and was Elektron's Senior Independent
Director from 2012 to 2015.
Currently Ric is a Non-Executive Director with GRC International
Group plc, an AIM listed supplier of IT governance, risk management
and compliance products and services. He has been a partner with
Restoration Partners Limited, which advises technology businesses,
since 2006 and a member of the Financial Reporting Review Panel
since 2009.
Commenting on the Board changes, Keith Daley, Chairman said:
"Peter has provided wise counsel during a period of considerable
change. On behalf of the Board I would like to thank him for his
valuable contribution and wish him the best for his future career.
We are delighted to welcome Ric back to the Elektron Board. His
experience further strengthens the Board and will be of
considerable value to the Company as it continues to transform its
businesses."
In accordance with Schedule 2(g) of the AIM Rules, the following
further information in relation to the appointment of Mr Piper is
disclosed as follows.
Current directorships and partnerships:
GRC International Group plc
Turbo Power Systems Inc
Restoration Partners Limited
Previous directorships and partnerships held in the past five
years:
Elektron Technology plc
Frontier Resources International plc (formerly Concepta plc)
Gattaca plc
Lakehouse plc (formerly Sureserve Group plc)
Precision Midstream Limited
Turbo Power Systems, Inc
Turbo Power Systems Limited
Waterman Group plc
Waterman Trustees Limited
Mr Piper is the beneficial owner of 380,333 Elektron ordinary
shares.
Mr Piper was Chairman and a Director of SubSea Resources plc
from 21 December 2006 until 11 April 2008 when the company was
placed into administration and subsequent creditors' voluntary
liquidation on 2 April 2009. The deficiency as regards creditors
was GBP155,558.
There are no other matters which are required to be announced as
required under Schedule 2(g) of the AIM Rules.
+44 (0) 1223
Elektron Technology plc 371 000
www.elektron-technology.com
John Wilson (Chief Executive Officer)
Andrew Weatherstone (Chief Financial Officer
& Company Secretary)
N+1 Singer (Nominated Adviser & Broker)
Shaun Dobson / Jen Boorer (Corporate Finance) +44 (0) 20 7496
Rachel Hayes (Corporate Broking) 3000
Notes to Editors:
Elektron conceives, designs and markets innovative products and
services for business that connect, monitor and control. We have a
multi skilled team of engineers, software and product line
specialists based in Cambridge focused on the opportunities created
by global growth in the following areas:
- Demand for ubiquitous power and data: Bulgin
- Real-time operations management using Internet of Things (IoT)
technology: Checkit
- Screening for the effects of ageing on sight: Elektron Eye
Technology
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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