Stanelco PLC
13 October 2000
Stanelco PLC is pleased to announce the appointment of Mr Ian Balchin aged 36 as
the new full time chief executive of the company.
Mr Ian Davis who was previously chief executive on a part time basis remains as
an executive director.
The company has agreed to grant options to Mr Balchin on 53,329,799 shares at
2.85 pence each. This represents 8% of the total shares in issue.
Mr Balchin was formerly managing director of new ventures at AEA Technology PLC
and worked closely with Stanelco on its joint venture with AEA and the
development of the joint venture's new patented technologies.
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