Photo-Me International PLC Directorate Change (5800U)
April 06 2021 - 12:02PM
UK Regulatory
TIDMPHTM
RNS Number : 5800U
Photo-Me International PLC
06 April 2021
6 April 2021
Photo-Me International PLC
(the "Company")
Directorate Change
The Company announces that Mr Yitzhak Apeloig has today tendered
his resignation as a Non-executive director of the Company to take
effect no later than 30 April 2021, the date of the Company's next
annual general meeting.
Yitzhak Apeloig was appointed to the Board of the Company in
March 2012 and was last re-appointed by shareholders in October
2018. Mr Apeloig was appointed to the Audit Committee in October
2018.
Sir John Lewis, Chair of the Company's Board, said:
'It is with regret that I announce the resignation of Tsachie
Apeloig as a Non-executive director of the Company.
'Over the years that he has held office, Tsachie has contributed
enormously to the working and effectiveness of the Board, and is
held in high esteem by all his colleagues. He will be much
missed.
'My fellow directors and I wish to thank Tsachie for his hard
work over the years, and to wish him well in the future.'
Enquiries:
Photo-Me International + 44 (0) 1372 453 399 / ir@photo-me.co.uk
PLC
Hudson Sandler +44 (0) 20 7796 4133 / photo-me@hudsonsandler.com
Wendy Baker/ Nick Moore
Notes to Editors
Photo-Me International plc (LSE: PHTM) operates, sells and
services a wide range of instant-service vending equipment,
primarily aimed at the consumer market.
The Group operates vending units across 17 countries and its
technological innovation is focused on three principal areas:
-- Identification: photobooths and integrated biometric identification solutions
-- Laundry: unattended laundry services, launderettes, B2B services
-- Kiosks: high-quality digital printing
The Group entered the self-service fresh fruit juice equipment
market in April 2019, with the acquisition of Sempa. This will
become a key business area alongside Identification, Laundry, and
Kiosks, and will be a significant part of the Group's future growth
strategy.
In addition, the Group operates other vending equipment such as
children's rides, amusement machines, and business service
equipment.
Whilst the Group both sells and services this equipment, the
vast majority of units are owned, operated and maintained by
Photo-Me. Photo-Me pays the site owner a commission based on
turnover, which varies depending on the country, location and the
type of the machine.
The Group has built long-term relationships with major site
owners and its equipment is generally sited in prime locations in
areas of high footfall such as supermarkets, shopping malls
(indoors and outdoors), public transport locations, and
administration buildings (City Halls, Police etc.). Equipment is
maintained and serviced by an established network of 700 field
engineers.
The Company's shares have been listed on the London Stock
Exchange since 1962.
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END
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