8 Mar 2012 09:54
Photo-Me International plc
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Photo-Me International plc (LSE: PHTM) is pleased to announce the appointment of Mr Yitzhak Apeloig as a non-executive director, with effect from 8th March 2012.
Mr Apeloig is a qualified accountant, based in Israel, and since 2005 has been the Managing Partner of ATE Technology Equipment B.V., a private equity firm active in Israel. Prior to that he was Executive Chairman at Telit Communications plc and led its flotation on the London AIM market in 2005.
Mr Apeloig also serves as Chairman of Leader Holdings and Investments Ltd, Chairman of Polar Communications Ltd, Chairman of Greenstone Industries Ltd and as a director of Leader Capital Markets Ltd. All these companies are Israeli companies traded on the TASE (Tel Aviv Stock Exchange). He is also Chairman of the board of directors of RVB Holdings Ltd which is an Israeli company traded in the OTC BB. He is also Chairman and director of various other private companies.
Announcing the appointment, John Lewis, Chairman of Photo-Me, said: "Yitzhak brings us significant management and financial experience from a wide range of companies, both public and private and I am delighted that he is joining the board of Photo-Me."
In accordance with Listing Rule 9.6.15, it is confirmed that there are no other details to be disclosed in respect of Yitzhak Apeloig pursuant to Listing Rule 9.6.13.
For further information, please contact:
Madano Partnership
Sarah Mylroie 020 7593 4000
Notes for editors:
Photo-Me (www.photo-me.co.uk) has two main activities: Operations and Sales & Servicing
Operations comprises the operation of unattended vending equipment, in particular photobooths, digital photo kiosks, amusement machines and business service equipment. With 22,400 sited worldwide, Photo-Me is the world's leading operator of photobooths.
Sales and Servicing comprises the development, manufacture, sale and after-sale servicing of this Operations equipment and a range of photo-processing equipment, including photobook makers, kiosks and minilabs, together with the servicing of third party equipment.