Board Changes

RNS Number : 3634N

Sabien Technology Group PLC

24 September 2019

 

For immediate release                                                                                                                

24 September 2019

Sabien Technology Group plc

("Sabien" or the "Company")

Board Changes

The Board of Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, an energy efficiency technology, announces that it has appointed, with immediate effect Cédriane de Boucaud Truell and Marco Nijhof as Non-Executive Directors. As previously announced on 2 September 2019, the Company had entered into a relationship and lock-in agreement ("Relationship Agreement") with the Truell Intergenerational Family Limited Partnership Incorporated (TIG), pursuant to which TIG currently has the right to appoint two directors to the Board. Cédriane de Boucaud Truell and Marco Nijhof have been nominated by TIG.

Richard Parris, Chairman of Sabien, commented:

"The appointments of Cédriane and Marco are key to the next stage of Sabien's development as a public company. They both bring significant operational, commercial and corporate finance expertise to the Sabien Board and their assistance and support are important to the Company's future prospects."

Further disclosures on the new directors

Further disclosures on Cédriane de Boucaud Truell and Marco Nijhof as required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies are as follows.

Cédriane Marie de Boucaud Truell (née de Boucaud), aged 50, is a founder and senior partner of Disruptive Capital. She holds an MA in Economics and a BA in Economics & Political Science, both from Cornell University (USA) and worked subsequently until 1999 as a restructuring and turnaround specialist with PriceWaterhouse in New York and Moscow. Cédriane then worked with a portfolio of early-stage tech companies with a venture capital firm, before raising a technology fund and spinning it out to what became Disruptive Capital Finance in 2009.

Cédriane de Boucaud Truell has held the following directorships and/or partnerships in the past five years:

Current directorships and/or partnerships	Past directorships and/or partnerships
Disruptive Capital Investments Limited	Ptarmigan SA
Disruptive Capital Investments Limited II	Ptarmigan Destinations Holdings SA
Disruptive Capital GP Limited	Curzon Park Capital
Chinstrap GP Limited (in voluntary liquidation)	STV Nominee Limited
Fiordland GP Limited	Disruptive Capital Limited
Disruptive Capital Renewable Energy Holding SA	STV GP Limited
The Truell Conservation Foundation	Flexible Securities Limited
Heidi Bond SA	Tantalum Corporation Limited
	Tantalum Corporation Acquisitions Limited
	Pay.Car Limited
	Niobium Corporation Limited
	Tantalum Innovations Limited
	Tantalum Founders Limited
	Disruptive Capital Finance LLP
	Tracker Network (UK) Limited
	Sustainable Technology Partnership Founder Partner LLP

Cédriane de Boucaud Truell holds no ordinary shares in the Company.

Cédriane de Boucaud Truell was a former director of Morgan Everett Limited until February 2012. Morgan Everett, an investee company of the Sustainable Technology Fund, entered into administration in July 2009, and subsequently a creditors voluntary liquidation in February 2012, with an overall deficit to creditors of approximately £1.5 million.

There is no further information on Cédriane de Boucaud Truell required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

Marco Peter Nijhof, aged 59, has been a senior executive within the international five-star luxury retail, hotel and hospitality industry, including Jumeirah Hotels in Dubai, Hyatt Hotels & Resorts, Marriott and The Bicester Village Shopping Collection.

Marco Nijhof has held the following directorships and/or partnerships in the past five years:

Current directorships and/or partnerships	Past directorships and/or partnerships
Unfold (UK) Limited	Yoo Hotels International (UK) LLP
Unfold EU BV	Yoo Hotels Limited
Resources For Leisure Assets	Aqua Boracay By Yoo Limited
	Vikare Developments (Tuscany) Limited (SC 501694)
	Vikare General Partner Limited
	Vikare Investments (Tuscany) Limited
	Vikare Developments (Tuscany) Limited (SC 452360)

Marco Nijhof holds no ordinary shares in the Company. There is no further information on Marco Nijhof required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

Special note concerning the Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). The person who arranged for the release of this announcement on behalf of the Company was Richard Parris, Chairman and Director.

For further information:

Sabien Technology Group plc    Richard Parris, Chairman    Cédriane de Boucaud Truell	[phone]
Beaumont Cornish Limited (Nominated Advisor) Michael Cornish and Roland Cornish      www.beaumontcornish.com	[phone]
Peterhouse Capital Limited (Broker) Duncan Vasey and Lucy Williams	[phone]

ENDS

 

END

 

 

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