Pan European Terminals PLC Proposed Directorate Change (4818O)
September 20 2013 - 1:00AM
UK Regulatory
TIDMPAN
RNS Number : 4818O
Pan European Terminals PLC
20 September 2013
20 September 2013
Pan European Terminals PLC
("PAN" or "the Company")
Proposed Directorate Change
Pan European Terminals (AIM: PAN), which provides transhipment
and storage facilities into Europe and Russia for the hydro-carbon
industry, announces that Hepworth Technologies S.A. ("Hepworth"),
subscriber to the GBP8.5m secured convertible fixed rate loan note
("Loan Note") issued in November 2012 by Dan Balt Terminals
Limited, a wholly-owned subsidiary of the Company, has notified the
Company that under the terms of the Loan Note instrument the
Company is to procure the appointment of a representative of
Hepworth as a Non-Executive director to the Board of the
Company.
The Company will update shareholders in due course as soon as
the appointment has been implemented.
-ends-
Enquiries:
Pan European Terminals plc Tel: +44 (0)20 3145 1908
Simon Escott, Chief Executive Mob: +44 (0)972 009 5800
Westhouse Securities Ltd (Nomad and Broker) Tel: +44 (0)20 7601 6000
Richard Johnson / Antonio Bossi
Leander (Financial PR) Tel: +44 (0)7795 168 157
Christian Taylor-Wilkinson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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