Subsidiary Management Changes

Unigel Group PLC

18 October 2024

 

Unigel Group plc

(the "Group" or the "Company")

Subsidiary Management Changes

Unigel Group plc (AQSE: UNX), the manufacturer and supplier of materials used in the manufacture of telecommunication fibre optic cables announces the following board and senior management changes at the Company's subsidiaries.

Unigel (UK) Limited ("Unigel"):

As part of the Group's succession plan, Eric Chhoa has stepped down as CEO of Unigel and is succeeded by his deputy, Danny Sohal who has assumed the role of CEO with effect from 16 October 2024.  Eric Chhoa has been appointed Chairman of Unigel succeeding Sven Janne Sjoden who will remain as a director of Unigel.

Unitape Limited ("Unitape")

Sven Janne Sjoden, Chairman of the Company, has been appointed as Chairman of Unitape succeeding Eric Chhoa who will remain a director of Unitape.

There are no changes to the board of the Company.

The Directors of the Company are responsible for the release of this announcement.

Enquiries:  

Unigel Group plc
Eric Chhoa	[phone]
Gary Revel-Chion	[phone]
Cairn Financial Advisers LLP (AQSE Corporate Adviser)
Jo Turner	[phone]
Ludovico Lazzaretti

Notes to Editors

Unigel Group plc is the holding company whose operating subsidiaries, Unigel (UK) Limited ("Unigel") and Unitape Limited ("Unitape") manufacture and distribute materials used in the manufacture of telecommunication fibre optic cables.

Unigel formulates, manufactures, and markets thixotropic gels primarily to the fibre optic cable industry. In addition, it also makes specialty gel products for the construction, green energy, and high voltage transmission apparatus markets.

Unitape is one of the largest domestic manufacturers and suppliers of laminated steel tapes to the fibre optic cable industry in North America.

 

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