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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Elektron Technology PLC    EKT   GB00B0C5RG72

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Elektron Technology PLC : Directorate Change

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10/09/2013 | 10:22am CET

Directorate Change /**/

RNS Number : 0463Q

Elektron Technology PLC

09 October 2013

Elektron Technology plc

Board changes

Elektron Technology plc (AIM: EKT, "Elektron" or the "Group"), the global technology group, has appointed Anthony ("Tony") Gordon Harris as a non-executive director, with immediate effect. Tony is also appointed Chairman of the Audit Committee in place of Ric Piper who becomes Chairman of the Remuneration Committee.

Noah Franklin has also notified the Board that he intends step down as CFO once arrangements are made to appoint a successor.

Tony's extensive experience includes senior executive roles in a number of global technology and distribution companies including ADT plc, NTL Inc, BT plc and DHL. He has served as a non-executive director of Telspec plc, Norbain Group Ltd and the Audit Commission and is currently a non-executive Director of DEX Corporation, Empire World Trade Holdings Ltd, WRFC Trading Ltd and the Royal Surrey County Hospital NHS Foundation Trust.

Simon Acland, a non-executive director, has stepped down from the Board with immediate effect as previously announced.

Keith Daley, Chairman commented:

"We are delighted to welcome Tony. His varied business experience further strengthens the Board. Simon leaves the Board with our thanks, as does Noah who after two years with the Group has decided to leave us once a successor is in place."

Pursuant to paragraph (g) of Schedule Two of the AIM Rules the following is disclosed in relation to Tony Harris, aged 61:

Current directorships and partnerships:

· Empire World Trade Holdings Ltd

· Data Exchange Corporation Inc

· WRFC Trading Ltd

· WRFC Players Ltd

· Royal Surrey County HospitalNHS Foundation Trust

Past directorships and partnerships held over the last 5 years:

· Audit Commission

· Norbain Group Limited

· N Realisations 2012 Ltd

· NF Realisations 2012 Ltd

· ND Realisations 2012 Ltd

· NSD Realisations 2012 Ltd

Norbain Group Limited and all UK subsidiaries ('Norbain') were placed into administration on 29 June 2012. A sale of the business and assets of Norbain took place immediately after the appointment of administrators, via a pre-packaged administration. Total headline consideration was £23.5m with an estimated deficiency with regards to creditors of approximately £48.6m.

No further disclosure is required under paragraph (g) to Schedule Two of the AIM Rules with respect to Tony Harris.

Enquiries:

Elektron Technology www.elektron-technology.com
+44 (0)1223 371 000
John Wilson, CEO
Keith Daley, Chairman
finnCap
+44 (0)20 7220 0500
Ed Frisby / Ben Thompson - Corporate Finance
Simon Starr / Victoria Bates - Corporate Broking
College Hill
+44 (0)20 7457 2020
Adrian Duffield / Rozi Morris

Notes to Editors

Elektron Technology is a global designer and manufacturer of precision engineered products which enable two of the most important technology areas of the always-on, networked economy: Connectivity and Instrumentation, Monitoring and Control ('IMC').

The Group has a broad portfolio of brands which are recognised leaders in their markets, playing a critical role in many industries from underwater construction to food preparation, semiconductor manufacture to emergency vehicle systems. The Group's products are sold worldwide to over 7,000 customers, around 100,000 end-users, and used in all seven continents and in space.

Elektron Technology is headquartered in Cambridge and traded on the AIM market of the London Stock Exchange.


This information is provided by RNS

The company news service from the London Stock Exchange

END

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