Lamprell plc Directorate Change (4024A)
March 24 2017 - 2:15AM
UK Regulatory
TIDMLAM
RNS Number : 4024A
Lamprell plc
24 March 2017
24 March 2017
LAMPRELL PLC
("Lamprell" or "Company" and with its subsidiaries the
"Group")
DIRECTORATE CHANGE
Lamprell (ticker: LAM), a leading provider of diversified
fabrication, engineering and contracting services to the global
energy industry, is pleased to announce the appointment of Mr
Nicholas Garrett as a Non-executive Director of the Company. Mr
Garrett brings significant industry experience, in-depth knowledge
of the market and a solid understanding of Lamprell's business.
In his 23-year career at JP Morgan Cazenove, Mr Garrett advised
a wide range of companies on the delivery of their growth strategy,
corporate transactions and access to capital. In his role as the
Head of the IPO/Execution Team Nick Garrett worked on Lamprell's
listing in 2006 and over the subsequent years has formed a solid
understanding of the Company.
Mr John Kennedy, Chairman, Lamprell, said:
"I am pleased to welcome Mr Garrett to the Board in light of his
long experience. He was a key member of the financial advisory team
that advised the Company on its IPO in 2006 and the subsequent move
to the main market in 2008. He brings his considerable expertise in
designing and implementing growth strategies, which will greatly
benefit the Group as we position the business to respond when the
market recovers."
Mr Garrett joins the Board with immediate effect. As the
Company's major shareholder, Lamprell Holdings Limited, nominated
Mr Garrett's candidacy for the role of Non-executive Director, Mr
Garrett is not considered to be independent for the purposes of the
UK Corporate Governance Code. His biographical details are set out
below.
In accordance with the UK Listing Rules, the Company confirms
that there are no further details that are required to be disclosed
under paragraph LR 9.6.13 R of the UK Listing Rules in respect of
Nicholas Garrett other than as follows:
Current Directorships
-- None
Previous Directorships (past 5 years)
-- None
- Ends -
Enquiries:
Lamprell plc
John Kennedy, Executive
Chairman +971 (0) 4 803 9308
James Moffat, Chief Executive
Officer +971 (0) 4 803 9308
Tony Wright, Chief Financial
Officer +971 (0) 4 803 9308
Natalia Erikssen, Investor
Relations +44 (0) 7885 522 989
Tulchan Communications,
London +44 (0) 207 353 4200
Martin Robinson
Martin Pengelley
Nicholas Garrett biography
Nicholas Garrett, 54, was employed for 23 years at JPMorgan
Cazenove where he was a Managing Director and worked for 11 years
as the Head of the IPO/Execution Team until 2012. During that
period, he led or was involved in companies listed on the London
market both as a lead on their initial listings and then in an
advisory or broking capacity in respect of subsequent capital
raisings, transaction work, corporate finance and broking
requirements from these companies. Prior to this, from 1989 to
2001, Mr Garrett worked at JPMorgan Cazenove in a variety of
corporate finance advisory and broking roles before moving to take
up the Head of the IPO/Execution Team position. Since 2012, Mr
Garrett has been consulting to various private companies on their
growth strategy and access to funding.
Mr Garrett has a Bachelor's degree in Human Geography from the
University of Reading and is a member of both the Institute of
Chartered Accountants and the Chartered Institute for Securities
and Investment.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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