Bagir Group Ltd Directorate Change and Notice of EGM (5480U)
19 January 2017 - 6:00PM
UK Regulatory
TIDMBAGR
RNS Number : 5480U
Bagir Group Ltd
19 January 2017
19 January 2017
Bagir Group Limited
("Bagir" or the "Company")
Directorate change
and
notice of EGM
Bagir (AIM: BAGR), a designer, creator and provider of
innovative tailoring, is pleased to announce the conditional
appointment of Esther Maoz as an external Non-Executive Director to
the Company. Pursuant to Israeli Companies Law the Company is
required to approve the nomination of an external (independent)
director for an initial term of three years at an EGM and the
Company wishes to nominate Ms. Maoz.
This appointment has been approved by the Company's Board of
Directors and is conditional upon the consent of the shareholders
at an EGM. Notice of the EGM, to be held on 24 February 2017, will
be sent to shareholders today and will be made available on the
Company's website, in compliance with AIM rule 20. If approved, the
appointment will become effective as of the close of the EGM.
Esther is currently Senior Vice-President and Chief Marketing
and Innovation Officer (CMO) of Delta Galil Industries LTD., the
global manufacturer and marketer of private label apparel products.
Previously she was President of Delta Textiles, a new US division
for Delta Galil Industries LTD, and played a significant role in
increasing their sales. Esther's career in textiles began in 1975
after studying Business Administration and Marketing from Haifa
University, Israel.
Tessa Laws, Chairman of Bagir said, "I am very pleased to
welcome Esther to the business. Her substantial industry experience
fits very neatly with Bagir's products and customers and with the
ambitions we have for the business going forward. We are looking
forward to working with her."
Notice of EGM
The Board also announces that the EGM will be held at 10.00 a.m.
on 24 February 2017 at the offices of N+1 Singer, One Bartholomew
Lane London EC2N 2AX.
Pursuant to the Israeli Companies Law 1999, two 'External
Directors' are required to hold office in a 'Public Company'. An
External Director is, inter alia, an individual who him/herself, or
whose relative, partner, employer or a corporation in which she/he
has control, does not have a connection with the Company or with a
holder of control of the Company, or to another corporate body
controlled by the controlling shareholder of the Company on the
date of appointment or during the two years preceding the date of
appointment.
Shareholders should note that the Company plans to appoint an
additional External Director and further announcements will be made
at the appropriate time.
Enquiries:
Bagir Group Limited
Eran Itzhak, Chief Executive Officer +44 (0) 1483
Udi Cohen, Chief Financial Officer 751577
N+1 Singer (Nominated Adviser &
Broker)
Alex Price +44 (0)20 7496
Sandy Ritchie 3000
Novella Communications (Financial
PR)
Tim Robertson +44 (0)20 3151
Toby Andrews 7008
Regulatory disclosures
Pursuant to Schedule 2 (g) of the AIM Rules for Companies the
following is disclosed in relation to Ms. Esther (Esti) Maoz:
Ms. Esther Maoz (aged 69) holds or has held the following
Directorships or Partnerships in the past five years:
Current Directorship Directorships and partnerships
and partnerships held held in the last 5 years
Estim Ltd Bagir Ltd
There is no further information required to be disclosed in
respect of the above appointment pursuant to Schedule Two paragraph
(g) of the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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