5 Mar 2012 07:00
5 March 2012 Walcom Group Limited ("Walcom" or "the Company") Directorate Change
The Board of Walcom Group Limited is pleased to announce the appointment of Professor Hong Xun Yang as an executive director of the Company with immediate effect.
Professor Yang joined the Company as the chief technical officer in May 2007 and was also appointed as chief operating officer for the PRC region in April 2012. Professor Yang is a specialist in the animal feed industry, with extensive experience in feed production management and animal farming optimisation formulation.
Professor Hong Xun Yang, aged 55, is a director of Shanghai Walcom Bio-chem Co. Limited. Professor Yang holds 220,000 ordinary shares in the Company, equivalent to 0.32 per cent. of the issued share capital and options over 1,590,000 ordinary shares. Of which, 90,000 options have an exercise price of 11p and are exercisable at any time until 16 July 2013 and the remaining 1,500,000 options have an exercise price of 7p and are exercisable from 9 June 2012 until 8 June 2020.
Professor Yang has confirmed that there is no additional information to be disclosed in accordance with Schedule 2, paragraph (g) of the AIM rules.
Further enquiries:
Walcom Group Limited +852 2494 0133 Francis Chi (Chief Executive Officer) Albert Wong (Chief Financial Officer) Merchant Securities Limited +44 20 7628 2200
Lindsay Mair/Virginia Bull
XLON