HaloSource Inc Board Changes (9278C)
21 April 2017 - 4:01PM
UK Regulatory
TIDMHAL TIDMHALO
RNS Number : 9278C
HaloSource Inc
21 April 2017
21 April 2017
HaloSource, Inc.
("HaloSource" or the "Company")
BOARD CHANGES
HaloSource Inc. (HAL.LN, HALO.LN), the global clean water
technology company traded on London's AIM, wishes to announce the
following changes to its Board:
-- Jerry Wetherbee, Chairman of the Company, has resigned with immediate effect
-- Alan Matthews, current Non-Executive Director of the Company,
will become Chairman of the Board with immediate effect
-- Martin Coles, President and Chief Executive Officer of the
Company, has resigned with immediate effect. Martin will remain a
strategic adviser to the Board during his continued leave of
absence
-- James Thompson will become Chief Executive Officer of the Company, with immediate effect
-- Michael Ducey, Non-Executive Director of the Company, has resigned with immediate effect
Given the Board changes, the Company also wishes to announce the
following changes to the composition of its Board committees:
-- The members of the Audit Committee will comprise Massoud
Entekhabi (Chairman), Alan Matthews and Kent Johnson
-- The members of the Compensation Committee will comprise Kent
Johnson (Chairman), Alan Matthews and Massoud Entekhabi
-- The members of the Nomination Committee will comprise Alan
Matthews (Chairman), Kent Johnson and Massoud Entekhabi
-- The member of the AIM Compliance and Corporate Governance
Committee will comprise Alan Matthews (Chairman), Massoud
Entekhabi, Kent Johnson and James Thompson
Alan Matthews, Chairman of the Board of HaloSource,
commented,
"The Board thanks Mr Wetherbee, Mr Ducey and Mr Coles for their
input over the past several years, bringing a wealth of industrial
and commercial experience to the Company. We look forward to
continuing to work with Mr Coles in an advisory capacity. The Board
appreciates the recent support shown by new and existing investors
and looks forward to updating the market following the result of
the shareholder meeting to be held on 17 May 2017 regarding
completion of the proposed fundraising."
Enquiries:
HaloSource, Inc.
James Thompson, Chief Executive
Officer +1 425 419 2257
Craig Crowell, Chief Financial
Officer +1 425 419 2248
Liberum Capital (NOMAD and Broker)
Richard Bootle, Jill Li, Steve
Pearce +44 203 100 2222
About HaloSource
HaloSourceä, Inc. innovates and integrates technologies to
deliver clean, drinking water solutions to partners with trusted
brands around the world. The Company works with scientists and
industry experts across the globe in search of new ways to improve
drinking water quality and has been awarded more than 30 patents
for its ground breaking chemistries, which provide safe drinking
water for more than 10 million consumers globally. The Company's
class-leading HaloPure(R) Drinking Water technology has the highest
global certifications, including registration with the US EPA.
Founded in Seattle, Washington, HaloSourceä has grown to become
an influential leader in drinking water purification. HaloSourceä
is headquartered in the US with operations in China and in India.
Learn more about the Company's research and development and future
cutting edge technologies by visiting www.halosource.com.
HaloPure(R) is a registered trademark of HaloSourceä, Inc. All
other trademarks, brand names or product names belong to their
respective holders.
This document contains certain forward-looking statements
relating to the Company. The Company considers any statements that
are not historical facts as "forward-looking statements". They
relate to events and trends that are subject to risk and
uncertainty that may cause actual results and the financial
performance of the Company to differ materially from those
contained in any forward-looking statement. These statements are
made by management in good faith based on information available to
them and such statements should be treated with caution due to the
inherent uncertainties, including both economic and business risk
factors, underlying any such forward-looking information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 21, 2017 02:01 ET (06:01 GMT)
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