9 Oct 2013 07:00
9 October 2013
Byotrol plc
Board Changes
Byotrol plc ('Byotrol' or the "Company"), the developer of anti-microbial hygiene technologies, announces the appointment of David Traynor as Director and Chief Executive with immediate effect. Gary Millar has left the board to pursue other interests.
David has been Managing Director of Byotrol Consumer Products Limited ("BCP") since early 2012 and was previously a partner of WhatIf Joint Ventures Ltd ("WhatIf"), Byotrol's joint venture partner in BCP, since 2004. David worked in investment banking in the 15 years prior to joining WhatIf.
As announced on 3 October, completion of the acquisition of the shares in BCP that Byotrol does not already own will take place later today.
Following completion of the acquisition, Mr Traynor will hold 4,280,001 Ordinary Shares in Byotrol equating to 2.33 per cent. of the Company's issued share capital.
Commenting on the appointment, Ralph Kugler, Chairman of Byotrol, said:
"We are delighted to welcome David as the new Chief Executive of Byotrol plc. He has an excellent track record of driving product development and sales initiatives in consumer product environments which will help Byotrol achieve its goals. We thank Gary for his valuable contribution and wish him well for the future."
The following further information in relation to the appointment of Mr. Traynor is disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies.
Full name: David Thomas Traynor
Age: 48
Current Directorships and Partnerships | Directorships and Partnerships held in the last five years |
Byotrol Consumer Products Ltd |
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What If Innovation Capital Nominees Ltd What If Joint Ventures Ltd Irrigo Ltd |
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There are no other matters which are required to be announced pursuant to Schedule 2(g) of the AIM Rules for Companies.
Enquiries:
Byotrol plc | 01925 742000 |
Ralph Kugler, Chairman |
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David Traynor, Chief Executive |
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Duncan Grosvenor, Finance Director |
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finnCap Limited | 020 7220 0500 |
Nominated Adviser and broker |
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Geoff Nash/Christopher Raggett Simon Starr (Corporate Broking) |
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Winningtons | 020 3176 4722 |
Tom Cooper / Paul Vann | 0797 122 1972 |
| tom.cooper@winningtons.co.uk |
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a leading anti-microbial technology hygiene company, operating globally in the Health, Food, Leisure, Consumer, Industrial and Agriculture sectors, providing a low toxicity product with a broad-based and long lasting efficacy across all microbial classes; bacteria, viruses, fungi, moulds and algae.
The Byotrol product can be used as a stand alone product or as a complementary biocide additive to existing products to improve their performance in personal hygiene, domestic and industrial disinfection, odour control, food production and food management.
Founded in 2005, the Company has prioritised the development of a technology that creates easier, safer and cleaner lives through partnering with providers of essential goods and services. Byotrol is the catalyst behind the aptly named global 'Hygiene Revolution'.