Directorate Change

RNS Number : 0252D

Acal PLC

25 November 2009

 



FOR RELEASE

07.00AM

25 November 2009

ACAL PLC

ACAL PLC - NEW BOARD APPOINTMENT

Acal plc ("Acal") announces that Ian Fraser, Group Chief Executive of Brammer plc ("Brammer"), has been appointed a Non-Executive Director of Acal with effect from 1 January 2010.

Prior to joining Brammer in 1998, Mr Fraser worked for Reliance Security Group plc, initially as Managing Director (1991-93) and subsequently as Group Managing Director (1993-98). His earlier career was mainly spent with Raychem Corporation in senior management positions.

There are no matters requiring disclosure under paragraph 9.6.13 of the Listing Rules.

Contacts:

Acal plc                

Richard Moon, Chairman           01483 544500

Nick Jefferies, Chief Executive  01483 544500

Cubitt Consulting, FPR

Brian Coleman-Smith                 020 7367 5100 

Notes to Editors:

The Acal Group is the leading technology-based specialist distributor in Europe providing sales, marketing and other services through three Divisions: Electronics, Supply Chain and Medical. The Electronics Division distributes electronics products to industrial manufacturing and design companies. The Supply Chain Division supplies new and refurbished IT, EPOS and ATM spare parts to service providers while the Medical Division supplies advanced medical equipment to public and private healthcare providers. Acal has operating companies in the UK, 

Netherlands, Belgium, Germany, France, Italy, South Africa, Spain and Scandinavia.

On 19 November 2009, Acal received shareholder approval to acquire, subject to the consent of the French authorities (expected no later than 16 December 2009), Financiere BFI Optilas SAS ("BFI Optilas") for a consideration of 10 million euros payable in cash and 2 million Acal ordinary shares. BFI Optilas is a private specialised distributor of electronic and photonic components, modules and systems across Europe, as well as supplying value-added calibration and maintenance services and it is anticipated that the combined group will have over 14,000 customers across Europe.

 

END

 

 

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