HAMP.L Regulatory News (HAMP)

1 Aug 2008 07:00



1 August 2008

Hampson Industries appoints non-executive director

Hampson Industries PLC, the international aerospace and precision engineering group, announces the appointment of Peter Barlow as independent non-executive director with immediate effect.

Peter Barlow (54) is director of corporate finance at International Power plc, the leading Independent Power Producer (IPP) worldwide with a market capitalisation of approximately £7 billion.  He joined National Power in 1998 before the company demerged into International Power and Innogy (npower). At International Power he has responsibility for fundraisings, bank relationships and treasury activities. 

He previously spent over 20 years working in Europe, the US, Australia and Asia for HSBC, Bank of America and Nomura, financing acquisitions and greenfield projects in the energy and infrastructure sectors.

Commenting on the appointment, chairman Chris Geoghegan said: 

"Peter is a high calibre, experienced international financier with proven skills and extensive contacts in the global financial markets. As we continue to pursue our strategy, these skills will add strength to the Board and we look forward to benefiting from Peter's contribution."

There are no other disclosures relating to Peter Barlow's appointment under Listing Rule 9.6.13 (1) to (6).

Ends

For further information:

About Hampson:

Hampson Industries' ("the Group") operations are structured into three business segments, serving primarily the global commercial and military aerospace and specialist engineering markets from manufacturing facilities in the UK, North America and India.

Approximately 90% of the Group's sales are derived from its aerospace activities, the balance from the market for automotive turbocharger components.

In June 2008, the Group completed the acquisitions of Odyssey Industries, Inc. and Global Tooling Systems, Inc. for a total consideration of up to USD314 million, partly financed through a £65 million placing and open offer. 

The Group now employs over 2,400 people. 

The company is listed on the main market of the London Stock Exchange (Symbol: HAMP). 

For more information on Hampson: www.hampsongroup.com