Gate Ventures PLC: Gate Chairman and Director steps down
December 14 2017 - 12:26PM
Gate Ventures PLC
Gate Chairman and Director steps
down
ISIN Number: GB00BYX2WP92
TICKER: GATE
Press Release
December 14, 2017
Gate Ventures
PLC
("Gate Ventures" or "Gate" or the "Company")
Gate Chairman and Director steps down
Gate Ventures PLC today announced that Dr. Johnny
Hon has decided to step down as Company Chairman in order to
concentrate on his numerous other business activities. Dr. Hon will
continue to support the Company as a consultant during a transition
period.
Dr. Hon joined Gate Ventures as Executive Chairman
on August 18, 2015. In his time as Chairman the Company has raised
over €20m. He has also helped identify many of the investments that
Gate holds today and took the company on to NASDAQ First North in
December 2016. In particular, Dr. Hon has been executive producer
on Gate's productions of musicals Sunset Boulevard and
42nd
Street.
»On behalf of the Board of Directors of Gate
Ventures, I thank Johnny for his service to the company. His
leadership, business acumen and ability to raise funds has been
vital to Gate Ventures. Johnny leaves the company in good health
and the Board are excited about the future plans«, said Lord
Michael Grade, who has accepted the Board's invitation to be
Chairman.
»I asked Johnny to Chair Gate Ventures at a very
difficult stage in its early life, when the company left AIM. Under
his stewardship, the company made numerous investments,
successfully raised funds, was admitted to NASDAQ First North and
had its Board strengthened significantly. I am personally most
grateful to him«, said Mr. Geoff Morrow, CEO.
»My time at Gate Ventures has been very rewarding,
and I am delighted to have been a part of its growth«, ends Dr.
Johnny Hon.
-END-
Further Enquiries:
Gate Ventures PLC (The Company):
assistance@gateplc.com // +44 (0) 20 3150 2477
Keswick Global AG (Certified Adviser):
info@keswickglobal.com // +43 1 740 408045
Rossen & Company ApS (Financial PR):
nic@rossen.com // +45 2072 9972
Notes to Editors:
Gate Ventures was founded in 2015 to make
investments and capitalise on investment opportunities in the media
and entertainment sectors. The Company focuses primarily on
investments and operational opportunities in the UK and China
covering theatre, television, media technology and
e-commerce.
The Company's investments include various theatre
productions such as the successful Sunset Boulevard and 42nd Street
(which is currently showing in London), virtual reality ("VR"), and
technology companies Bink and PlayJam amongst many others. Gate
Ventures has made a total of ten investments since it was
established, and to date, has successfully raised over EUR24
million reflecting the Company's significant growth thus far.
-END-
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Gate Ventures Plc via Globenewswire
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