PAN Pan European Terminals

TIDMPAN

RNS Number : 4818O

Pan European Terminals PLC

20 September 2013

20 September 2013

Pan European Terminals PLC

("PAN" or "the Company")

Proposed Directorate Change

Pan European Terminals (AIM: PAN), which provides transhipment and storage facilities into Europe and Russia for the hydro-carbon industry, announces that Hepworth Technologies S.A. ("Hepworth"), subscriber to the GBP8.5m secured convertible fixed rate loan note ("Loan Note") issued in November 2012 by Dan Balt Terminals Limited, a wholly-owned subsidiary of the Company, has notified the Company that under the terms of the Loan Note instrument the Company is to procure the appointment of a representative of Hepworth as a Non-Executive director to the Board of the Company.

The Company will update shareholders in due course as soon as the appointment has been implemented.

-ends-

Enquiries:

Pan European Terminals plc Tel: +44 (0)20 3145 1908

Simon Escott, Chief Executive Mob: +44 (0)972 009 5800

   Westhouse Securities Ltd (Nomad and Broker)                             Tel: +44 (0)20 7601 6000 

Richard Johnson / Antonio Bossi

Leander (Financial PR) Tel: +44 (0)7795 168 157

Christian Taylor-Wilkinson

This information is provided by RNS

The company news service from the London Stock Exchange

END

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