Sabien Technology Group PLC Board Changes (3634N)
September 24 2019 - 1:01AM
UK Regulatory
TIDMSNT
RNS Number : 3634N
Sabien Technology Group PLC
24 September 2019
For immediate release
24 September 2019
Sabien Technology Group plc
("Sabien" or the "Company")
Board Changes
The Board of Sabien Technology Group plc (AIM: SNT), the
manufacturer and supplier of M2G, an energy efficiency technology,
announces that it has appointed, with immediate effect Cédriane de
Boucaud Truell and Marco Nijhof as Non-Executive Directors. As
previously announced on 2 September 2019, the Company had entered
into a relationship and lock-in agreement ("Relationship
Agreement") with the Truell Intergenerational Family Limited
Partnership Incorporated (TIG), pursuant to which TIG currently has
the right to appoint two directors to the Board. Cédriane de
Boucaud Truell and Marco Nijhof have been nominated by TIG.
Richard Parris, Chairman of Sabien, commented:
"The appointments of Cédriane and Marco are key to the next
stage of Sabien's development as a public company. They both bring
significant operational, commercial and corporate finance expertise
to the Sabien Board and their assistance and support are important
to the Company's future prospects."
Further disclosures on the new directors
Further disclosures on Cédriane de Boucaud Truell and Marco
Nijhof as required under Schedule Two, paragraph (g) (i)-(viii) of
the AIM Rules for Companies are as follows.
Cédriane Marie de Boucaud Truell (née de Boucaud), aged 50, is a
founder and senior partner of Disruptive Capital. She holds an MA
in Economics and a BA in Economics & Political Science, both
from Cornell University (USA) and worked subsequently until 1999 as
a restructuring and turnaround specialist with PriceWaterhouse in
New York and Moscow. Cédriane then worked with a portfolio of
early-stage tech companies with a venture capital firm, before
raising a technology fund and spinning it out to what became
Disruptive Capital Finance in 2009.
Cédriane de Boucaud Truell has held the following directorships
and/or partnerships in the past five years:
Current directorships and/or Past directorships and/or partnerships
partnerships
----------------------------------- ---------------------------------------
Disruptive Capital Investments Ptarmigan SA
Limited
Disruptive Capital Investments Ptarmigan Destinations Holdings
Limited II SA
Disruptive Capital GP Limited Curzon Park Capital
Chinstrap GP Limited (in voluntary STV Nominee Limited
liquidation)
Fiordland GP Limited Disruptive Capital Limited
Disruptive Capital Renewable STV GP Limited
Energy Holding SA
The Truell Conservation Foundation Flexible Securities Limited
Heidi Bond SA Tantalum Corporation Limited
Tantalum Corporation Acquisitions
Limited
Pay.Car Limited
Niobium Corporation Limited
Tantalum Innovations Limited
Tantalum Founders Limited
Disruptive Capital Finance LLP
Tracker Network (UK) Limited
Sustainable Technology Partnership
Founder Partner LLP
----------------------------------- ---------------------------------------
Cédriane de Boucaud Truell holds no ordinary shares in the
Company.
Cédriane de Boucaud Truell was a former director of Morgan
Everett Limited until February 2012. Morgan Everett, an investee
company of the Sustainable Technology Fund, entered into
administration in July 2009, and subsequently a creditors voluntary
liquidation in February 2012, with an overall deficit to creditors
of approximately GBP1.5 million.
There is no further information on Cédriane de Boucaud Truell
required to be disclosed under Schedule Two, paragraph (g) of the
AIM Rules for Companies.
Marco Peter Nijhof, aged 59, has been a senior executive within
the international five-star luxury retail, hotel and hospitality
industry, including Jumeirah Hotels in Dubai, Hyatt Hotels &
Resorts, Marriott and The Bicester Village Shopping Collection.
Marco Nijhof has held the following directorships and/or
partnerships in the past five years:
Current directorships and/or Past directorships and/or partnerships
partnerships
----------------------------- ---------------------------------------
Unfold (UK) Limited Yoo Hotels International (UK)
LLP
Unfold EU BV Yoo Hotels Limited
Resources For Leisure Assets Aqua Boracay By Yoo Limited
Vikare Developments (Tuscany)
Limited (SC 501694)
Vikare General Partner Limited
Vikare Investments (Tuscany)
Limited
Vikare Developments (Tuscany)
Limited (SC 452360)
----------------------------- ---------------------------------------
Marco Nijhof holds no ordinary shares in the Company. There is
no further information on Marco Nijhof required to be disclosed
under Schedule Two, paragraph (g) of the AIM Rules for
Companies.
Special note concerning the Market Abuse Regulation
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014
("MAR"). The person who arranged for the release of this
announcement on behalf of the Company was Richard Parris, Chairman
and Director.
For further information:
Sabien Technology Group plc
Richard Parris, Chairman +44(0)20 7993
Cédriane de Boucaud Truell 3700
Beaumont Cornish Limited (Nominated Advisor)
Michael Cornish and Roland Cornish +44(0)20 7628
www.beaumontcornish.com 3396
Peterhouse Capital Limited (Broker) +44(0)20 7469
Duncan Vasey and Lucy Williams 0930
ENDS
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END
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