Checkit Regulatory News (CKT)

10 September 2015

Elektron Technology plc

Board Changes

Elektron Technology plc (AIM: EKT, "Elektron" or the "Company"), the global technology group, today announces the following changes to its Board of Directors:

Non- Executive Directors

Following proposals from the Company's two largest shareholders, D&A Income Limited (24.13%) and John Kinder (15.71%), Giovanni Ciuccio and Peter Welch will join the Elektron Board as Non-Executive Directors from 10 September 2015. Peter and Giovanni will each become members of the Audit and Remuneration Committees, both of which will be chaired by Peter.

Giovanni (age 34) has extensive knowledge and experience in capital markets, structured finance and valuation, being involved latterly in investment management and prior to that investment banking at Barclays Capital. Giovanni is currently employed within the D&A Income Limited group.

Peter (age 53) was a founder, shareholder and Board Director of Singer Capital Markets Ltd and led its merger and integration with N+1 Brewin. Prior to that Peter had a career in the insurance industry, holding a number of senior executive positions with Hiscox plc. He will become Senior Independent Director.

The two current Non-Executive Directors, Tony Harris and Ric Piper, are standing down from the Board today. In accordance with their Letters of Appointment they will each receive three months' payment in lieu of notice.

Chief Financial Officer

Andy Weatherstone, Chief Financial Officer since April 2014, has informed the Company that he wishes to step down from the Board with the aim of resuming his turnaround consultancy. Andy will continue in his role until March 2016 to allow an orderly transition of his responsibilities (including the January 2016 year end accounts) to his successor, the search for whom has commenced.

 Keith Daley, Chairman commented: "We are delighted to welcome both Peter and Giovanni as Non-Executive Directors. Their breadth of executive and finance experience will be of considerable value to the Board."

"The Board is extremely grateful for the significant contribution that Ric and Tony have made as Non-Executive Directors during an exceptionally challenging period since they joined the Board in 2012 and 2013 respectively."

"We are pleased that Andy has offered to stay with us for the time being, but of course will be very sorry to see him go."

"The Group is entering a new phase in the development and the new Board is excited by the opportunities that face us."

Additional information in connection with the appointment of Peter Welch:

The following additional information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

Charles Peter Welch holds or has held the following directorships and partnerships in the last five years:

Current:

Entertainment Insurance Partners Ltd, a company in which 15.71% Elektron shareholder John Kinder has a 32.38% stake.

Previous:

N+1 Singer Capital Markets Limited

There is no further information to be disclosed in connection with Peter Welch pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

Additional information in connection with the appointment of Giovanni Ciuccio:

The following additional information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

Giovanni Maria Ciuccio holds or has held the following directorships and partnerships in the last five years:

Current:

None

Previous:

Claudas Investments Limited*

Claudas Investments Two Limited*

Cuth Investments Limited*

Hawkins Funding Limited*

Spoonhill Investments Limited*

Zumboorok Investments Limited*

Bors Investments Limited*of which Giovanni Ciuccio was a director was closed as a UK establishment of an overseas company on 25 May 2012.

Braven Investments No.2 Limited*of which Giovanni Ciuccio was a director entered members' voluntary liquidation in March 2010. The company was dissolved on 11 April 2011.

Brule 2 Investments Limited* of which Giovanni Ciuccio was a director was closed as a UK establishment of an overseas company on 18 June 2012.

Calah Investments Limited* of which Giovanni Ciuccio resigned as a director in October 2011 closed as a UK establishment of an overseas company on 14 August 2013.

Cohort Investments Limited* of which Giovanni Ciuccio was a director was closed as a UK establishment of an overseas company on 23 April 2012.

Collo Investments Limited*of which Giovanni Ciuccio was a director was closed as a UK establishment of an overseas company on 25 May 2012.

Cynric Investments Limited* of which Giovanni Ciuccio was a director was closed as a UK establishment of an overseas company on 25 May 2012.

Dion Investments No.1 Limited* of which Giovanni Ciuccio resigned as a director in May 2011 closed as a UK establishment of an overseas company on 23 April 2012.

EM Investments (Brazil) No.2 Limited* of which Giovanni Ciuccio was a director entered members' voluntary liquidation in December 2010. The company was dissolved on 23 November 2011.

EM Investments No. 1 Limited* of which Giovanni Ciuccio resigned as director in October 2011 entered members' voluntary liquidation in April 2015 and is currently in liquidation.

EM Investments (South Africa) Limited*of which Giovanni Ciuccio was a director entered members' voluntary liquidation in December 2010. The company was dissolved on 22 March 2012.

EM Investments (South Africa) No.2 Limited*of which Giovanni Ciuccio was a director entered members' voluntary liquidation in August 2011. The company was dissolved on 14 September 2012.

Finton Investments Limited* of which Giovanni Ciuccio was a director was closed as a UK establishment of an overseas company on 23 April 2012.

Foksani Investments Limited* of which Giovanni Ciuccio was a director was closed as a UK establishment of an overseas company on 23 April 2012.

Hoardburst Limited* of which Giovanni Ciuccio resigned as director in October 2011 entered members' voluntary liquidation in May 2015 and is currently in liquidation.

Hupa Investments Limited* of which Giovanni Ciuccio resigned as a director in March 2011 closed as a UK establishment of an overseas company on 25 May 2012.

Jols Investments Limited*of which Giovanni Ciuccio was a director was closed as a UK establishment of an overseas company on 25 May 2012.

Midgard Investments Limited* of which Giovanni Ciuccio resigned as a director in October 2011 was closed as a UK establishment of an overseas company on 17 June 2013.

Spedron Investments Limited* of which Giovanni Ciuccio resigned as a director in October 2011 closed as a UK establishment of an overseas company on 18 June 2012.

Spinturn Investments Limited* of which Giovanni Ciuccio was a director was closed as a UK establishment of an overseas company on 25 May 2012.

Tahan Investments Limited* of which Giovanni Ciuccio resigned as a director in October 2011 closed as a UK establishment of an overseas company on 25 May 2012.

Tienpao Investments Limited* of which Giovanni Ciuccio was a director was closed as a UK establishment of an overseas company on 15 June 2012.

Tungshan Investments Limited*of which Giovanni Ciuccio resigned as director in October 2011 entered members' voluntary liquidation in September 2014. The company was dissolved on 1 September 2015.

Zilou Investments Limited* of which Giovanni Ciuccio resigned as a director in September 2011 closed as a UK establishment of an overseas company on 25 May 2012.

Zookander Investments Limited* of which Giovanni Ciuccio resigned as a director in September 2011 closed as a UK establishment of an overseas company on 25 May 2012.

* Held by the Barclays Bank Plc group

There is no further information to be disclosed in connection with Giovanni Ciuccio pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

For further information:

Notes to Editors

Elektron conceives, designs and markets innovative engineered products and services for businesses that connect, monitor and control

We have a multi skilled team of engineers, software and product line specialists based in Cambridge focused on the opportunities created by global trends in the following areas:

-- New waves of "aware" business applications: Checkit

-- Demand for ubiquitous power and data: Bulgin

-- Growth in high precision manufacture: Queensgate

In addition, Elektron owns a portfolio of well-established products and brands that provide cash flow as well as customer access and feedback.