Photonstar LED Group PLC Appointment of Director (9298M)
14 Janvier 2019 - 8:00AM
UK Regulatory
TIDMPSL
RNS Number : 9298M
Photonstar LED Group PLC
14 January 2019
14(th) January 2019
PhotonStar LED Group Plc
Appointment of Director
PhotonStar LED Group Plc (AIM: PSL, "PhotonStar" or "the
Group"), the British designer and manufacturer of intelligent
lighting and building control solutions, is pleased to announce the
appointment of Martin Lampshire as a Non-Executive Director with
immediate effect.
Martin started his career in Lloyds Bank's Commercial Services
division in 1989 after completing the ACIB qualification. In 1995
he moved in to Corporate Broking, working for a number of city
based brokers including Teather & Greenwood, Charles Stanley,
Hichens Harrison Stockbrokers and Daniel Stewart Stockbrokers. He
has assisted many companies in a variety of equity raises including
IPO's, secondary fundraisings, vendor and private placings across a
variety of sectors. Martin has also worked in a number of overseas
financial centres including Hong Kong, Singapore, Kuala Lumpur and
Dubai.
The Board will be undertaking its annual review of the Group's
Board Committees in the next few weeks. This review will include
the members of each committee and it is anticipated that Martin
will join some of the committees following this review.
Nominated Adviser ('Nomad') Update
The Board is in discussions with a potential new Nomad to
replace Northland Capital Partners ('Northland') following the
Group's announcement of 1(st) November 2018 which confirmed that
Northland would cease to be PhotonStar's Nomad at 7am on 1(st)
February 2019.
The potential Nomad has commenced its take on due diligence
process and the Board believes it's possible that the Group will be
able to announce the appointment of the new Nomad on or before the
31(st) January 2019, although no guarantees can be given at this
stage.
If the Group fails to appoint a new Nomad by 1(st) February 2019
the Exchange will suspend trading in the Group's AIM
Securities.
Further information on Martin Lampshire
Martin Lampshire, aged 57, is or has been in the last five years
a director of the following:
Current Directorships
* Experience Capital Limited
He has held no other directorships within the past five years.
Martin also provides consultancy services to Peterhouse Capital
Limited who also act as the Group's joint broker. The Board is of
the view that, at this time, Martin is an independent director and
that there are no immediate conflicts of interest that need to be
addressed. The Board will, of course, continue to monitor the
matter of Martin's independence and ensure that appropriate
controls are in place to address any conflicts of interest that
should arise.
There is no further information on Mr Lampshire to be disclosed
under Schedule Two paragraph (g) or Rule 17 of the AIM Rules for
Companies.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information:
PhotonStar LED Group Plc (www.photonstarled.com)
James McKenzie - Group Chief Executive +44 (0)2381 230381
Northland Capital Partners Limited
David Hignell/ Jamie Spotswood (Corporate Finance)
Rob Rees (Corporate Broking) +44 (0)20 3861 6625
Peterhouse Capital Limited
Duncan Vasey/ Fungai Ndoro +44 (0)20 7469 0930
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END
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