Appointment of Executive Director

RNS Number : 8517Z

Strat Aero PLC

20 December 2017

 

Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services

Strat Aero plc ("Strat Aero", the "Company" or the "Group")

20 December 2017

Appointment of Executive Director

Further to the announcement of 5 December 2017, Strat Aero plc, an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle ('UAV') sector, is pleased to announce the appointment of Mr Trevor Brown as an Executive Director with immediate effect.

Trevor Brown has been a strategic investor in real estate and equities for more than 30 years, and is joining the Board following his subscription for 58% of the recently announced placing resulting in a shareholding of 971,428,571 ordinary shares, representing 25.5% in the enlarged share capital of the Company.

Mr Brown is currently an Executive Director of Flying Brands plc, CEO of Braveheart Investment Group plc and a Non-Executive Director of Management Resource Solutions plc.  He was also a director of AIM listed Feedback plc and of Advanced Oncotherapy plc.

Iain McLure, CEO of Strat Aero plc, commented, "Trevor's participation in our recent placing speaks volumes for his confidence in Strat Aero's investment proposition.  He is a strategic investor with extensive experience in the equity markets and brings with him a significant amount of experience in growing companies and delivering returns for shareholders.  With this in mind, we welcome him to the Strat Aero team as we work together to deliver on our strategic objectives of expanding our core Survey & Inspection and Education & Training divisions in 2018, in tandem with exploring complementary investment opportunity across the UAV industry."

Trevor Edward Brown, aged 71, currently holds or has held the following directorships and partnerships in the last five years:

Current directorships/partnerships		Past directorships/partnerships
Flying Brands plc Braveheart Investment Group plc Braveheart Academic Seed Funding GP Ltd Braveheart Nominees Ltd The Ridings Early Growth Investment Company Ltd Kirkstall Ltd Ridings Holdings Ltd Stone Checker Software Ltd Caledonia LP Ltd Caledonia Portfolio Realisations Ltd Free Publishing Ltd Strathclyde Innovation Fund GP Ltd Management Resources Solutions plc	Feedback plc Advanced Oncotherapy plc Prostate Checker Ltd Free Association Books Ltd Peterhouse Corporate Finance Ltd

There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules for Companies.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

- ENDS -

For further information please visit www.strat-aero.com or contact:

Strat Aero plc	Tel: [phone]
Graham Peck (Chairman)
SP Angel Corporate Finance LLP	Tel: [phone]
Nominated Adviser and Joint Broker
Stuart Gledhill Jeff Keating Caroline Rowe
Peterhouse Corporate Finance	Tel: [phone]
Lucy Williams
St Brides Partners Ltd	Tel: [phone]
Financial PR Susie Geliher Frank Buhagiar

Notes

Strat Aero plc is a multi-divisional international aerospace services company, focused primarily on the provision of complete client solutions in the Unmanned Aerial System ('UAS' market), which is predicted to show exponential growth over the coming decade.   Commercial and military applications in UASs are expected to be a dynamic growth sector in the aerospace industry over the next 10 years with the UAS market forecast to grow to more than US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013) and the global airborne Intelligence, Surveillance and Reconnaissance ('ISR') market estimated to grow to US$19.23 billion by 2023. 

 

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