Red Leopard Holdings PLC Appointment of New Director (9819Z)
March 21 2017 - 2:02AM
UK Regulatory
TIDMRLH
RNS Number : 9819Z
Red Leopard Holdings PLC
21 March 2017
21 March 2017
Red Leopard Holdings Plc
("Red Leopard" or the "Company")
Appointment of New Director
Red Leopard is pleased to announce that Mr Toby Hayward has been
appointed as Chief Executive Officer of the Company with immediate
effect.
Toby, aged 58, qualified as a Chartered Accountant with Touche
Ross & Co in 1984 and subsequently held a number of senior
equity capital market positions in London. Mr. Hayward was formerly
Managing Director and Head of Corporate Broking at Jefferies
International Limited, prior to this he was Head of Oil and Gas
Equity Capital Markets at Canaccord Adams. He has also previously
held the positions of Chairman and Non-Executive Director at
Severfield plc and Non-Executive Director and Interim CEO at Afren
plc.
Commenting on his appointment, Toby said "I am delighted to be
joining Red Leopard as Chief Executive Officer. There are a
significant number of exciting opportunities in a variety of
sectors, including natural resources, exposure to which would be
highly advantageous to Red Leopard which I hope our shareholders
can benefit from."
The following details in relation to the appointment of Toby
Jonathan Langford Hayward are disclosed in accordance with Schedule
2(g) of the AIM Rules:
Current Directorships Past Directorships held
within the last five years
---------------------- ----------------------------
Laurasia Energy Limited Afren PLC
THC Consulting Ltd Severfield PLC
Sirius Petroleum PLC
Mr. Hayward was appointed a director of Afren PLC on 26 June
2009 and resigned on 25 June 2015. On 30 July 2015, an
administrative receiver was appointed at which point the total
estimated liabilities were $1,714 million. The estimated deficiency
as regards creditors is currently unknown.
Mr. Hayward was a director of Paradissi Ltd which had a
liquidator appointed in February 2006 and was dissolved in February
2008 with a deficit to creditors of GBP134,999.
Mr. Hayward was a director of International Seafood Products plc
and Ocean Supplies Ltd (100% owned by International Seafood
Products plc) which had an administrative receiver appointed in
July 2000. International Seafood Products plc was dissolved in
November 2004 with a deficit to creditors of GBP587 whilst Ocean
Supplies Ltd was dissolved in May 2006 with a deficit to creditors
of GBP1,168,785.
Share Options
Mr. Hayward has been awarded 10,000,000 options under the
Company's 2013 Unapproved Share Option Scheme (the "2013 Options")
with an exercise price of GBP0.001 per share, being the Placing
Price of the recent placing announced on 28 February 2017. Under
the 2013 Options, the options vest as follows: (a) 50% shall vest
when the Company's share price reaches GBP0.004 per share or above
for a continuous period of 30 trading days; and (b) 50% shall vest
when the Company's share price reaches GBP0.006 or above for the
same period.
Mr Hayward has also been awarded a further 20,000,000 options
under the Company's 2017 Unapproved Share Option Scheme (the "2017
Options") with an exercise price of GBP0.005 per share for the
first 10,000,000 and GBP0.01 for the remaining 10,000,000. Under
the 2017 Options, the options vest as follows: (a) 50% shall vest
when the Company's share price reaches GBP0.005 per share or above
for a continuous period of 30 trading days; and (b) 50% shall vest
when the Company's share price reaches GBP0.01 or above for the
same period.
In each case, the 2013 Options and the 2017 Options are
exercisable for 2 years from the relevant vesting date. Furthermore
Mr Hayward has undertaken not to dispose of the 2013 Options issued
to him, or any Ordinary Shares issued following the exercise of
such 2013 Options, until such time that the Company completes a
reverse takeover under AIM Rule 14.
Mr. Hayward does not currently hold any Ordinary Shares in the
Company.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information, visit www.redleopardholdings.com or
please contact:
Enquiries:
Red Leopard Holdings PLC
John May, Chairman Tel: +44 (0) 207
917 6826
Beaumont Cornish Limited Tel: +44 (0) 207
(Nomad) 628 3396
www.beaumontcornish.com
Roland Cornish
James Biddle
Peterhouse Corporate Finance Tel: +44 (0) 20 7469
Limited (Broker) 0930
Lucy Williams
Eran Zucker
This information is provided by RNS
The company news service from the London Stock Exchange
END
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