TIDMPIRI

RNS Number : 7467W

Pires Investments PLC

13 February 2017

Pires Investments Plc

("Pires" or the "Company")

Directorate Change

The Company announces that Nicholas Lee has been appointed as a Non-executive director of the Company with immediate effect.

Nicholas has more than 25 years of experience in international investment banking and working as a company director. Nicholas was with Dresdner Kleinwort and its antecedent firms from 1988 to 2009, starting at Kleinwort Benson Group plc and rising to Managing Director, Head of Banking, Hedge Fund Solutions Group. Previously as a Managing Director in mergers and acquisitions at Dresdner Kleinwort Wasserstein, Nicholas advised leading companies from a number of different industries, including the natural resources, financial services, consumer and retail sectors. Nicholas is currently executive chairman of AIM-listed Paternoster Resources plc and non-executive chairman of AIM-listed MX Oil plc, as well as being involved with a number of other companies, both listed and private. Nicholas qualified as a chartered accountant with Coopers & Lybrand and has an MA in engineering from St John's College, Cambridge.

The following information is disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies:

Nicholas Lee, aged 54.

 
Current directorships:     Past directorships during 
                            the previous five years: 
JL Services Limited        Brady Exploration plc 
 London Capital Group       (now known as Metal Tiger 
 Holdings plc               plc) 
Boustead Agriculture       Centurion Resources plc 
 Limited                    (now known as 
 Paternoster Resources      Finnaust Mining plc) 
 plc 
ACL Capital Limited        Novus Capital Markets 
                            Limited 
MX Oil plc                 Leed Resources plc 
Atlas Oil and Gas Limited  Plutus Resources plc 
 Chiswick School            (now known as Plutus 
                            Powergen plc) 
New World Oil and Gas      Paternoster Resources 
 plc                        Limited 
                            (now known as Viridas 
                            Limited) 
                           Noble Tree Properties 
                            Limited

Nicholas Lee is Chairman of Paternoster Resources plc ("Paternoster") and holds 16,400,000 ordinary shares or 1.6% of that company's issued share capital. Paternoster holds 8,333,333 ordinary shares in Pires or 24.6% of the Company's issued share capital.

There is no further information to be disclosed in relation to Nicholas Lee pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

 
 Pires Investments plc           Tel: +44 (0) 20 7917 1817 
  Peter Redmond, Chairman 
 Nominated Adviser               Tel: +44 (0) 20 7213 0880 
  Cairn Financial Advisers 
  LLP 
  Liam Murray / Tony Rawlinson 
 Broker                          Tel: +44 (0) 20 7469 0935 
  Peterhouse Corporate Finance 
  Limited 
  Duncan Vasey / Lucy Williams

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 13, 2017 08:11 ET (13:11 GMT)

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