2 Jul 2015 07:00
2 July 2015
Manx Telecom Plc
Appointment of interim CFO
Manx Telecom Plc (AIM:MANX; the "Company"), the leading communication solutions provider on the Isle of Man, has appointed Paul Tierney as Interim Chief Financial Officer (CFO) with effect from 22 June 2015.
Paul is a professional Interim CFO with 14 years of senior interim finance positions. Most recently Paul has held senior short-term roles at Lantmannen Unibake UK, a privately-held bakery products manufacturer, One Fifty One Plc, a €300m energy and environment investment company, and Hearst Magazines UK, one of the country's leading media companies with 20 magazine brands and 20 digital assets.
As previously announced, Gary Lamb, the Company's CFO since 2011, replaced Mike Dee as Chief Executive Officer on 1 July 2015. Recruitment for a permanent CFO has commenced and shareholders will be updated in due course.
During his time with Manx Telecom, Paul will not be a Director of the Company or a member of the Executive Board and will report to Gary Lamb.
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For further enquiries, please contact:
Manx Telecom plc | +44 (0) 1624 636400 |
Gary Lamb, CEO
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Liberum Capital (Nominated Adviser and Corporate Broker) | +44 (0)20 3100 2000 |
Steve Pearce Steve Tredget
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Oakley Capital (Financial Adviser) | +44 (0) 20 7766 6900 |
Christian Maher Victoria Boxall
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Powerscourt Group (Public Relations) | +44 (0) 20 7250 1446 |
Juliet Callaghan Simon Compton Carmen Murray |
About Manx Telecom
§ Manx Telecom is the leading communication solutions provider on the Isle of Man, offering a wide range of fixed line, broadband, mobile, and data centre services to businesses, consumers and the public sector on the Isle of Man as well as a growing portfolio of innovative hosting and "Smart SIM" solutions to off-Island customers.
§ Manx Telecom has a record of innovation, being the first European operator to launch a 3G mobile service and the first in the world to launch a 3.5G mobile service. 4G service launched in the summer of 2014, and it is now available to contract and pre-pay customers with 99% population coverage. The Company's high speed VDSL broadband service (Ultima) is available to 87 per cent of homes on the Island. A VDSL Plus service launched in February 2015.
§ The Company has three data centres (two of which are Tier 3) plus international connectivity and its operations are business-critical to the economic strategy of the Isle of Man.
§ One of the largest employers on the Island, Manx Telecom employs nearly 300 people. The company plays a major role in the wider community through a range of activities, including charitable donations, sponsorships, and corporate social responsibility initiatives.
§ The company is proud to sponsor the Manx Telecom Parish Walk, Tough Mann Adventure Challenge, Manx Telecom End2End Mountain Bike Challenge, Team Manx Telecom (Manx Road Club) and Royal Manx Agricultural Show as well as other smaller events. Manx Telecom also donates annually to local causes through the company's "It's our Community" programme.
§ The Isle of Man has a resilient and growing economy which has experienced 29 years of unbroken GDP growth. Unemployment is low at 2.0 per cent, and there is a zero per cent corporate tax rate which applies to the vast majority of Manx Telecom's business and means that the Group currently pays no corporation tax on its annual profits.
§ Manx Telecom is listed on the Alternative Investment Market of the London Stock Exchange with the ticker MANX.