Cellcast plc Directorate Change (2140N)
07 August 2017 - 4:00PM
UK Regulatory
TIDMCLTV
RNS Number : 2140N
Cellcast plc
07 August 2017
7 August 2017
Cellcast plc
("Cellcast", the "Group" or the "Company")
Directorate Change
Cellcast plc (AIM: CLTV) is pleased to announce the appointment,
with immediate effect, of Samuel Malin as non-executive director of
the Company.
Mr Malin is a professional engineer with over 30 years'
international business experience, particularly in Africa, and
strong project management capabilities. Mr Malin founded Madagascar
Oil, holding the position of CEO between 2003 and 2006 and then as
Director to 2008, helping to raise $125 million and increasing the
valuation of the company to over $1 billion. Between 2013 and 2014,
he was CEO of Vanoil Energy Limited, a company with significant oil
and gas exploration interests in east Africa. Currently, Mr Malin
is Chairman of Burke's Peerage Limited and Frigate Exploration. Mr
Malin has a strong communications and technology component to his
background, having worked also for companies such as Dimension Data
(now part of Nippon Telephone and Telegraph), Data Research
International (part of McGraw-Hill) and Saladin (now within
Fidelity National Information Services). He is also an Honorary
Consul for the Republic of Lithuania. Mr Malin will be appointed as
a member of the company's audit committee.
Commenting on the board changes, Mike Neville, Non-Executive
Chairman, said:
"On 4 July 2017, we announced our intention to appoint an
additional non-executive and I would like to welcome Sam to the
board. He has a wealth of experience across multiple industry
sectors and his depth of knowledge and contacts will add
significant value. We look forward to working him as we go
forward."
Regulatory disclosures
Samuel Andrew Malin, aged 53, has held the following
directorships or partnerships in the past five years:
Current directorships/partnerships Past directorships/partnerships
Burke's Peerage Limited ClearWave Telecommunications,
Inc.
Avana Resources Ltd Vanoil Energy Ltd
Frigate Exploration Limited Avana Petroleum Ltd
Avana Properties SARL* Red Island Minerals Limited
Societe Avana Jatropha Allied Partners 8 Ltd
Madagascar SARL*
Avana Mining Madagascar Vanoil Energy Madagascar
SARL* SARL*
* Madagascan incorporated entity. Under Madagascan law, Mr Malin
holds/held the position of a co-gérant to these companies.
There is no further information to be disclosed pursuant to
Schedule 2(g) of the AIM Rules for Companies.
For further information:
Cellcast plc 020 3376 9420
Mike Neville - Non-Executive Chairman
Craig Gardiner - Chief Executive
Officer
Emmanuelle Guicharnaud - Finance
Director
Allenby Capital Limited (Nominated
Adviser and Broker) 0203 328 5656
Nick Naylor / James Reeve
This information is provided by RNS
The company news service from the London Stock Exchange
END
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