Manx Telecom PLC Appointment of Independent Non-Executive Director (9956X)
12 May 2016 - 4:00PM
UK Regulatory
TIDMMANX
RNS Number : 9956X
Manx Telecom PLC
12 May 2016
12 May 2016
Manx Telecom Plc
Appointment of new Independent Non-Executive Director
Manx Telecom Plc (AIM: MANX), ("Manx Telecom" or the "Company")
the leading communication solutions provider on the Isle of Man,
announces the appointment of Christopher Hall to its Board as
Independent Non-Executive Director, subject to approval at the
Company's AGM on 15 June 2016. Mr Hall will succeed Sir Miles
Walker, who is stepping down from his role as a Non-Executive at
the AGM.
Mr Hall has over 30 years' telecoms industry experience and
strong local connections on the Isle of Man, having previously
worked at BT and Manx Telecom Ltd. He joined the Company in 1997 as
Director of Business Development, Mr Hall was appointed Managing
Director in 1999 until his departure in 2011. During that time, Mr
Hall oversaw significant changes at the business including its sale
from Telefonica in 2010.
Gary Lamb, CEO said:
"Chris brings with him invaluable industry knowledge, as well as
a deep understanding of the market following his time as Managing
Director. Chris's work with other businesses in the technology and
software sector also provides him with a unique perspective on our
industry and the critical issues that are likely to effect the
business in the coming years. I'm confident he will provide sound
advice to support our ongoing strategy and make a positive
contribution to the growth of the business."
"I would like to thank Sir Miles for his invaluable contribution
to the board over the past 13 years and for his considerable
support and wise counsel."
Further information concerning Christopher John Hall (aged
54)
Christopher Hall's non-executive directorships (current and
within the previous 5 years) are as follows:
Current:
AXA Isle of Man Limited
AXA IOM Insurance Management Limited
AXA IOM Administration Limited
Can Do Consulting Limited
Isansys Lifecare Limited
App55 Limited*
ManSat Limited
Scotia Global Limited
SiRRAN Communications Limited
Past:
Manx Telecom Limited
Strontium Consultants Limited
Christopher currently has no beneficial interest in the issued
share capital of the Company.
*App55 was unable to secure financing and the Board agreed to
shut down the continuing operations and put the company in
Creditors Voluntary Liquidation. Duff and Phelps Ltd, the
liquidator, anticipate that the company will be dissolved towards
the end of 2016.
There is no further information required relating to Christopher
Hall to be disclosed under paragraph (g) of Schedule 2 of the AIM
Rules.
-Ends-
For further enquiries, please contact:
+44 (0) 1624
Manx Telecom plc 636400
Gary Lamb, CEO
Danny Bakhishi, CFO
Liberum Capital (Nominated Adviser +44 (0)20 3100
and Corporate Broker) 2000
Steve Pearce
Steve Tredget
+44 (0) 20 7766
Oakley Capital (Financial Adviser) 6900
Christian Maher
Victoria Boxall
+44 (0) 20 7250
Powerscourt Group (Public Relations) 1446
Peter Ogden
Simon Compton
Hattie O'Reilly
About Manx Telecom
-- Manx Telecom is the leading communication solutions provider
on the Isle of Man, offering a wide range of fixed line, broadband,
mobile, and data centre services to businesses, consumers and the
public sector on the Isle of Man as well as a growing portfolio of
innovative hosting and "Smart SIM" solutions to off-Island
customers.
-- Manx Telecom has a record of innovation, being the first
European operator to launch a 3G mobile service and the first in
the world to launch a 3.5G mobile service. 4G service launched in
the summer of 2014, and it is now available to contract and pre-pay
customers with 99% population coverage. The Company's high speed
VDSL broadband service (Ultima) is available to 87 per cent of
homes on the Island. A VDSL Plus service launched in February
2015.
-- The Company has three data centres (two of which are Tier 3)
plus international connectivity and its operations are
business-critical to the economic strategy of the Isle of Man.
-- One of the largest employers on the Island, Manx Telecom
employs nearly 300 people. The company plays a major role in the
wider community through a range of activities, including charitable
donations, sponsorships, and corporate social responsibility
initiatives.
-- The company is proud to sponsor the Manx Telecom Parish Walk,
Tough Mann Adventure Challenge, Manx Telecom End2End Mountain Bike
Challenge, Team Manx Telecom (Manx Road Club) and Royal Manx
Agricultural Show as well as other smaller events. Manx Telecom
also donates annually to local causes through the company's "It's
our Community" programme.
-- The Isle of Man has a resilient and growing economy which has
experienced 31 years of unbroken GDP growth. Unemployment is low at
1.9 per cent, and there is a zero per cent corporate tax rate which
applies to the vast majority of Manx Telecom's business and means
that the Group currently pays no corporation tax on its annual
profits.
-- Manx Telecom is listed on the Alternative Investment Market
of the London Stock Exchange with the ticker MANX.
This information is provided by RNS
The company news service from the London Stock Exchange
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