30 Aug 2013 07:00
30 August 2013
Advanced Power Components Plc("APC" or the "Company")
Change of Name
Further to the announcement of the result of its Annual General Meeting on 25 January 2013, the Company is pleased to confirm that the change of its name to APC Technology Group plc will become effective and trading of the Company's shares on AIM under this name will commence at 08.00 a.m. today. The Company's ISIN will remain as GB0000373984 and its TIDM will remain as APC.L.
The Company's rationale behind its change of name is to give the business a clearer identity following its strategic shift towards sustainable technology and the resulting reorganisation of the Company into two separate business units. With APC Technology Group plc as the parent company, the core electronic distribution business will continue to trade as Advanced Power Components, while the Company's clean-tech business has been consolidated under a holding subsidiary, Minimise Holdings Limited.
Mark Robinson, CEO, commented:
"For more than thirty years, the Advanced Power Components name has been synonymous with the electronic component distribution business. This business continues to be an integral part of our plans for the future and will continue to trade under the APC name. The change of name rather emphasises our current focus on developing and growing our investments in the sustainable technology sector and we believe the new identity reflects this shift in emphasis and substantial widening of the Company's offering."
Enquiries:
APC Technology Group plc | 01634 290588 |
Mark Robinson, Chief Executive Officer Rob Smith, Finance Director | www.apc-plc.co.uk |
Strand Hanson Limited | 020 7409 3494 |
James Harris / Angela Hallett / Ritchie Balmer | |
Northland Capital Partners Limited | 020 7796 8800 |
John Howes / Alice Lane | |
Redleaf Polhill | 020 7382 4730 |
Rebecca Sanders-Hewett / David Ison | apc@redleafpr.com |