3 Aug 2015 07:00
3 August 2015
Starcom Systems Plc
("Starcom" or the "Company")
Directorate Change
Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people, is pleased to announce the appointment of Mr Avi Engel as a Non-Executive Director of the Company with effect from 1August 2015
Avi Engel has over 25 years of public company experience and was previously (2002-2014) the CEO of the AIM listed Pilat Media Global plc, a leading London based supplier of business management software systems for broadcasters and TV service providers around the world. Avi founded Pilat Media as a subsidiary of Pilat Technologies International, also an AIM-listed company where Avi had been serving as CEO. Mr Engel led Pilat Media through its demerger from Pilat Technologies International, its dual listing on AIM and the TASE, several fundraisings, two acquisitions and finally its sale to SintecMedia in 2014 for over US$100 million. Mr Engel holds a B.Sc. in Industrial and Management Engineering from the Haifa Technion and an MBA from Tel Aviv University.
Avi Engel currently holds, and has held during the five years preceding the date of this announcement the following directorships, other than of the Company:
Current Directorships | Directorships held within the previous five years |
| Pilat Media Global Plc Pilat Media Limited Pilat Media Australia Pty Limited Pilat Media North America Inc Pilat Media B.V. Pilat Media (Israel) Ltd OTTilus Limited Orad Hi-Tech Systems Limited |
Mr Engel does not currently hold any shares with voting rights in the Company. Mr Engel will be granted options over 1,000,000 Starcom shares with no par value at an exercise price of 7p per share, vesting equally over three years.
No further information relating to Mr Avraham Engel (aged 62) is required to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules.
"I am delighted to welcome Avi Engel to the board of Starcom. He brings to the board a wealth of experience in developing new markets globally and an in depth understanding of the challenges which face small companies operating across many territories particularly in the software and related industries. In addition he has hands on experience with regard to the regulatory framework of AIM listed companies."
For further information please contact: | |||
Starcom plc | Northland Capital (Nomad) | Northland Capital (Broking) | Leander (Financial PR) |
Michael Rosenberg Avi Hartmann
| Edward Hutton David Hignell | John Howes Abigail Wayne
| Christian Taylor-Wilkinson |
Tel: 07785 727595 +972 543070103
| Tel: 020 7382 1100 | Tel: 020 7382 1100 | Tel: 07795 168 157 |
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