Last checked at 24 Apr 2019 07:01
This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) No 596/2014
Tuesday 24 April 2019
Gama Aviation Plc (AIM: GMAA)
("Gama", "the Company" or "the Group")
Non-Executive Directorate Changes
Gama Aviation Plc today announces that Michael Peagram, a Non-Executive Director, has decided to retire from the Board as of the 30 April 2019 and that Christopher Clarke and Michael Howell are appointed as new Independent Non-Executive Directors of the Board with immediate effect.
Christopher Clarke has over 30 years' experience as a senior partner with leading international law firms in Asia, including Denton Hall, CMS Cameron McKenna and DLA Piper. He has acted as a professional and business advisor to a wide range of entrepreneurs and executives of international (including listed) companies; and has wide ranging corporate governance, regulatory and commercial experience.
Christopher has been a Non-Executive director of Hong Kong, UK listed and private companies. Currently, he is a Sufficiently Independent Director of London Power Networks Plc, Eastern Power Networks Plc and South Eastern Power Networks Plc; and an Independent Director of Myanmar Strategic Holdings and Arnhold Holdings Ltd. He is also currently a Non- Executive director of Green Family Holdings. He is a Council Member of the Royal Society for Asian Affairs.
An engineer by training, Michael Howell has a background in transportation and worked in the motor industry after graduating from Trinity College, Cambridge and before completing MBAs at INSEAD and Harvard. He worked with Cummins Engine Company and General Electric Company (GE) in the USA, latterly as general manager of GE Transportation Systems. Subsequently, he was Executive Director of Railtrack Group plc during its privatisation.
Formerly he was a Non-Executive Director of Hutchison China Meditech, the innovative biopharmaceutical company. Currently, Michael serves on the Board of Wabtec, the US$7 bn leading supplier of products and systems for the rail industry, based in Pittsburgh Pennsylvania; and on the Council of the University of Leeds.
Simon To, Chairman of Gama, said:
"On behalf of the Board, I would like to thank Michael Peagram for all his hard work and professionalism over the last 6 years. He has been a valued member of the Gama Board and we all wish him well for the future.
At the same time, we are delighted to welcome Christopher Clarke and Michael Howell to the Board as new Independent Non-Executive Directors. I know their broad range of skills and experience will be a real asset to the Gama Board and will help to improve Gama's corporate governance. They will provide wise counsel and act as valuable sounding boards and I look forward to working with them over the coming years."
Further information on the new Independent Non-Executive Directors as required to be disclosed in accordance with Schedule 2 (g) of the AIM Rules for Companies:
The Company confirms that at the date of this announcement, new Independent Non- Executive Director Michael Howell holds 68,752 shares in Gama Aviation Plc, while Christopher Clarke does not hold any shares.
Christopher John David Clarke (aged 69): |
|
Current Directorships | Dates |
London Power Networks Plc (Non-Exec., OFGEM "Sufficiently Independent") | March 2014 to date |
Eastern Power Networks Plc (Non-Exec., OFGEM "Sufficiently Independent") | March 2014 to date |
South Eastern Power Networks Plc (Non-Exec., OFGEM "Sufficiently Independent") | March 2014 to date |
Myanmar Strategic Holdings Ltd (Independent Non-Exec.) | September 2016 to date |
Arnhold Holdings Limited (Non-Exec.) | September 2017 to date |
Green Family Holdings (Family Office, Non-Exec.) | September 2017 to date |
|
|
Council Member, Royal Society for Asian Affairs | November 2015 to date |
|
|
Michael William Davis Howell (aged 71): |
|
Current Directorships | Dates |
Wabtec Corporation (Non-Exec.) | 2003 to date |
Clothworkers Company & Foundation (Grant-giving Trust - Director) | 2001 to date |
|
|
Leeds University, (Lay Council Member) | 2016 to date |
|
|
Past Directorships (last 5 years) |
|
Hutchison China Meditech Limited (Non-Exec.) | 2006 to March 2017 |
For further information please contact:
Gama Aviation Plc +44 (0) 1252 553029
Mine Taylor, Company Secretary
Camarco +44 (0) 20 3757 4992
Ginny Pulbrook
Geoffrey Pelham-Lane
Jefferies International +44 (0) 207 029 8000
Simon Hardy
Will Soutar
Gama Aviation - Notes to Editors
Gama Aviation Plc (AIM:GMAA) is a global business aviation services group that specialises in providing support for individuals, corporations and government agencies; allowing them to deliver on the promises they make.
The Group's services are split into two divisions: Air and Ground. Air services include aircraft management, special mission support and charter. Ground services cover aircraft maintenance services, aircraft modification design and installation, and Fixed Base Operations (FBO).
More details can be found at: http://www.gamaaviation.com/