28 Mar 2012 07:00
28 March 2012
PhotonStar LED Group plc
Board changes
PhotonStar LED Group plc (AIM: PSL, "PhotonStar" or "the Group"), the British designer and manufacturer of smart LED lighting solutions, has announced that Ceri Jones, Group Chief Financial Officer, has indicated his intention to stand down in order to pursue other interests. He expects to leave the Group after completing a handover in due course. The search for a new Finance Director is underway.
Jonathan Freeman has been appointed to Board as a non-executive director. He will be Chairman of the audit committee and be closely involved in the recruitment of the new Finance Director.
Jonathan has worked within the financial services sector since 1994, including previous roles as a director of Beeson Gregory (now a part of Investec) and more recently CEO of Syndicate Asset Management plc (now Ashcourt Rowan plc). He is currently a non-executive director of Futura Medical plc and is its senior independent director and chairman of the Audit and Remuneration Committees.
Drew Nelson, Chairman of PhotonStar LED Group PLC, commented
"I would like to thank Ceri for his contribution to PhotonStar's development and to wish him every success for his future endeavours. I also welcome Jonathan to the Board, he brings considerable financial expertise at a key time for the Group's development."
Jonathan David Freeman, aged 46, currently holds, and has held (including all appointments during the five years preceding the date of this announcement), the following directorships and partnerships, other than of the Company:
Current Directorships/Partnerships | Past Directorships/Partnerships (in the last 5 years) |
Futura Medical plc Futura Medical Developments Limited CMS Corporate Consultants Limited | Syndicate Asset Management plc Ashcourt Rowan Financial Planning Limited Ashcourt Rowan Administration Limited Ashcourt Rowan Asset Management Limited Epic Asset Management Limited Epic Investment Partners Limited Savoy Investment Management Limited Rowan & Company Capital Management Limited Pinnacle Plus Limited Altair Financial Services International plc* Llangattock School Limited Creon Corporation plc Creon Estates Limited Creon Properties Limited Creon Investments Limited GTH (IR) Limited Cobra Capital Limited The Movision 39 Film Partnership The Movision 81 Film Partnership Equity Pre IPO Investments Limited |
*Jonathan was a director of Altair Financial Services International plc when administrators were appointed in March 2009.The company was subsequently dissolved in 2011.
There are no further details to be disclosed under Rule 17 Schedule 2 paragraph (g) (i) to (viii) of the AIM Rules.
For further information:
PhotonStar LED Group PLC (www.photonstarled.com) | |
James McKenzie - Group Chief Executive | +44 (0)2381 230381 |
finnCap | |
Geoff Nash/Charlotte Stranner Brian Patient (broking) | +44 (0)20 7600 1658 |
College Hill | |
Adrian Duffield/Jon Davies | +44 (0)20 7457 2020 |
Note to editors
About PhotonStar LED Group PLC: http://www.photonstarled.com
PhotonStar LED Group PLC ("PhotonStar" or the "Group") is a British designer and manufacturer of smart LED lighting solutions. The Group's proprietary technology seamlessly integrates LEDs, sensors and controls to provide intelligent lighting for commercial and architectural applications which benefit from greater CO2 reduction, lower cost of ownership & improved functionality compared to other available light sources. PhotonStar's lighting products have won numerous awards for performance, innovation and reliability, and are unique in the industry for the use of recycled, and recyclable materials, which means they have 90% less embodied CO2 than equivalent products providing the same levels of illumination.
PhotonStar comprises two divisions: LED Lighting Fixtures which works with lighting designers, architects, house builders, facilities management companies and sustainability consultants to provide intelligent, high-end LED lighting solutions for the commercial and architectural market, and LED Light Engines which provides LED lighting solutions for specialist applications such as film & television production lighting, UV curing and medical applications.
PhotonStar is based in Romsey, Hampshire with manufacturing in Wales. The Group was admitted to AIM in December 2010.