TIDMPAN

RNS Number : 6005P

Pan European Terminals PLC

03 October 2013

Embargoed until 7.00am 3 October 2013

Pan European Terminals PLC

("PAN" or the "Company")

Directorate Change

Pan European Terminals plc (AIM: PAN), is delighted to announce the appointment of Professor Francesco Gardin as a non-Executive Director to the board of the Company with immediate effect.

Professor Gardin, 58, graduated in Theoretical Physics at Padova University in 1979, before undertaking a UK Government research project at Exeter University from 1980 to 1982. In 1983 he was employed by the Italian National Research Council and from 1984 to 1985 he worked at the European Union Research Centre in Ispra, Italy as Co-ordinator of the Artificial Intelligence Laboratory.

In 1983, Professor Gardin founded AISoftw@re SpA to develop and distribute Artificial Intelligence systems within Italy, which he took public on NASDAQ Europe in 1999 and the Milan Stock Exchange in 2000. He sold the company in 2005 through a merger, remaining as non-Executive Chairman until March 2008, at which time it employed more than 1,400 people with revenues in excess of GBP70m.

Between 2002 and 2011 Professor Gardin was Chairman and major shareholder of Brainspark plc, an AIM quoted investment company. Since 2006 he has worked extensively in China, and in March 2007 became CEO of China IPO Group plc, wholly owned by Brainspark plc, focusing on investments in China. In March 2008 he became a Board Member of IPO Beijing Investment Consulting Company Ltd., the China IPO Group plc Chinese subsidiary, with offices in Beijing and Xi'an. The company was subsequently demerged from Brainspark in December 2009.

Between December 2008 and July 2013 he was an executive Director of London Asia Capital plc, a UK company investing in Asia, with a mandate to review and maximise the returns of the investment portfolio.

During the last twenty years, he has been Director of almost fifty companies in Italy, UK, USA, Israel, Hong Kong, China, Singapore, Mauritius and Jersey.

Since 1984 to date, he has been Research Associate Professor at Udine, Milano and Siena University lecturing in Artificial Intelligence, Theory and Application of Computation, and Virtual Reality. His academic papers include more than 50 individual and joint publications and three books on the subject of Artificial Intelligence as editor.

Simon Escott, Interim Executive Chairman and Chief Executive of PAN, commented, "Professor Gardin's extensive international board credentials are a strong asset to the Company as we look to acquire further assets within Europe. His many years as Chairman of an AIM listed company further add to our strengthening corporate governance credentials and we welcome him to the board."

Professor Francesco Gardin, commenting on his appointment as non-Executive Director of PAN, said, "I am delighted to join the board of this very exciting company at a time when it is looking to expand further into Europe and the demand for its operational expertise is it at an all-time high".

-ends-

Enquiries:

Pan European Terminals plc Tel: +44 (0)20 3145 1908

Simon Escott, Chief Executive Mob: +44 (0)7920 095 800

   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

Additional information

Professor Francesco Gardin holds or has held the following directorships and/or partnerships in the previous five years:

 
 Current                             Previous 
 
 Russian Art Promotion Ltd           Brainspark plc 
 China IPO (2009) Ltd                Brainspark Associates Ltd 
 Infusion (2009) Ltd                 London Asia Capital plc 
 Infusion 2012 Ltd                   Metapack Ltd 
 China IPO Group plc                 Infusion 2002 Ltd 
 ATM Lottery Corporation Ltd         IPO Beijing Investment Consulting 
                                      Company Ltd 
 Wind Energy Italy Ltd               Geosim Systems Ltd 
 London Asia Capital Land Ltd 
 Huang He Securities Ltd 
 London Asia Investments Ltd 
 London Asia Capital Mauritius 
  Ltd 
 London Asia Capital (S) Pte 
 Fabbrica Energie Rinnovabili 
  Alternative srl 
 Associazione Sportiva Golf dei 
  Laghi 
 Golf Immobiliare SpA 
 Scuola Europa Societa Cooperativa 
 Societa Immobiliare Commerciale 
  Internationale SAS di Francesco 
  Gardin

Professor Gardin does not currently have an interest in any PAN ordinary shares.

Save as disclosed above, there is no further information in relation to the appointment of Professor Gardin which is required to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules.

Notes to Editors:

Pan European Terminals Plc operates hydrocarbon refined product Storage and Transhipment Terminals in Aabenraa (Denmark), Kaliningrad City (Russia) and Baltysk (Russia). It also leases and operates tanks in Rotterdam (Holland). The Group presently has approx. 400,000 Cubic Meters of tank capacity under ownership or management, with approximately 40% of its annual profit now being derived from its non-Russian assets. The Group has been building critical mass in this field for three years and offers its customers flexibility, competitive rates and excellent facilities for storage, transhipment and bunkering services.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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