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30 Mar 2010 07:00
NOVENTA LIMITED
("Noventa" or the "Company")
[AIM: NVTA]
Directorate Change
30 March 2010
Noventa is pleased to announce the appointment of Mr. Kean Hua Chung as a Non-Executive Director of the Company with immediate effect. Mr. Chung, 32, has had a successful career in the City as both an analyst and a fund manager, working for Fidelity Investments, Och-Ziff Capital Management and KDA Capital. In 2007, Thomson Extel named him top buyside individual for his sectors. Mr. Chung holds a Masters Degree in Engineering from Cambridge University.
Commenting on the appointment, Eric Kohn, Chairman of Noventa said:
"We are delighted to welcome Kean to the Board of Noventa. With his experience as an institutional investor, and representing a significant shareholder in the Company, we are confident that Kean will bring a valuable new perspective to the Board. "
Kean Chung is currently, or has been in the last five years, a director (or partner in a partnership) of the following companies:
Current Directorships:
None
Directorships and Partnerships held in the last five years:
Chapel Site Developments W8 Limited
KDA Capital LLP
There are no further disclosures to be made in accordance with rule 17 and or Schedule Two (g) of the AIM Rules for Companies of the London Stock Exchange in connection with Mr. Chung's appointment.
Mr. Chung is a potential beneficiary of a family trust that holds 5,500,000 Noventa ordinary £0.0004 shares as at the date of this announcement, equivalent to 2.35% of the Company's issued share capital.
For further information please contact:
Eric F. Kohn TD
Chairman
Noventa Limited
+41 22 8500560
+41 79 5030150
www.noventa.net
Nick Harriss/Emily Staples
Religare Capital Markets (Nomad)
+44 20 7444 0800
Daniel Briggs Religare Capital Markets (Broker) +44 20 7444 0500
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