Starcrest Education Limited Directorate Changes (2331H)
April 05 2022 - 1:01AM
UK Regulatory
TIDMOBOR
RNS Number : 2331H
Starcrest Education Limited
05 April 2022
5 April 2022
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse (amendment) (EU Exit) Regulations 2019/310. Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
Starcrest Education Limited
("Starcrest" or the "Company" or the "Group")
Directorate Changes
Starcrest Education Limited (LSE: OBOR), the international
developer and operator of education services in Europe, is pleased
to announce the appointments of Mr. Lim Hun Soon ("David Lim") and
Mr. Jasbeer Singh to the Board as Independent Non-Executive
Directors with immediate effect. The directorate changes are
further to the announcement on 23 March 2022 regarding the advance
agreement with Fairview International School (UK) Limited and
proposed acquisition of Fairview IB World Schools.
Professor Petford and Mr. Cumming will step down from their
roles as Independent Non-Executive Directors of the Company with
immediate effect.
Mr. David Lim is currently a Non-Executive Director of Press
Metal Aluminium Holdings Bhd, Public Investment Bank Bhd, Ranhill
Utilities Bhd, Kawan Food Bhd and Rockwills Trustees Bhd. Mr David
Lim has also held a number of other Non-Executive Directorships and
a former Council member representing Malaysia for the Institute of
Chartered Accountants in England and Wales - ICAEW (2013-2019) and
retired after serving the maximum term of 3 terms of 2 years. He
retired from KPMG in 2011 after 33 years, including 21 years as a
Partner and in both the Management Committee and Supervisory Board
for over a decade.
Mr. Jasbeer Singh is an Advocate and Solicitor of Malaysia with
extensive litigation, arbitration, advisory and conveyancing
experience. He acts as an advisor to a number of listed
corporations and public administrative bodies across a wide variety
of sectors and industries.
John McLean OBE, Non-Executive Chairman, commented:
"I am delighted to welcome both Mr. David Lim and Mr. Jasbeer
Singh to the Board at this transformational time in the Company's
development. They bring extensive financial and legal expertise
across a broad range of businesses.
"I would also like to express my thanks to both Professor
Petford and Mr. Cumming for their valuable contribution to the
Company. We all wish them all the very best in the future."
There are no further matters to be disclosed in accordance with
LR 9.6.13.
- Ends -
Enquiries:
Starcrest Education
John McLean OBE, Non-Executive Chairman +44 (0) 7768 031454
Allenby Capital Limited (Financial
Adviser and Broker)
John Depasquale
Vivek Bhardwaj +44 (0) 20 3328 5657
Yellow Jersey PR (Financial PR)
Sarah Hollins
Henry Wilkinson +44 (0) 20 3004 9512
Notes to editors:
Starcrest is an international developer and operator of
education services in Europe. The Company was established to seek
acquisition opportunities in the international education sector and
to provide premier education services and products in the UK and to
countries in Europe.
Starcrest listed on the Main Market of the London Stock Exchange
on 31 January 2019 under the ticker symbol (LSE: OBOR). Further
information can be found on the Company's website at
https://www.starcresteducation.com .
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END
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