12 Apr 2017 15:46
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
12 April 2017
zamano plc ("zamano" or the "Company")
ISE: ZAZ LSE: ZMNO
Board Changes
The Company today announces that Fergal Scully, non-executive director, has notified the Company that he is resigning as a Director of zamano with effect from 13 April 2017. The Company is grateful to Fergal for his valuable contribution during his tenure. Given the recent Company decision to close down the existing business lines, Fergal believes this is an appropriate time for him to step down from the Board.
The Company also announces the appointment of Mr. Pat Landy as a non-executive director of the company with effect from 12 April 2017. The Company believes Pat will be able to add significant value to the Company during the wind down phase given his detailed knowledge of zamano from his previous tenure as Director and his extensive business and corporate finance experience.
Mr. Landy was previously a director of the company between February 2011 and November 2016. He also served as CEO of the Company between November 2011 and January 2014.
The following information is disclosed pursuant to Schedule Two paragraph (g) of the ESM and AIM Rules for Companies. Mr. Landy, aged 66 years, has been a director of the following companies during the five years preceding the date of this announcement:
Current directorships:
Moneybush Crowdfunding Limited
Phone Paid Services Association Company Limited by Guarantee
Xzerv Group Limited
Xzerv Limited
Directorships held in the last five years:
Funzoo Limited
Zamano plc
Red Circle Technologies Limited
Zamano Solutions Limited
Enabletel Limited
M-Isphere Telecommunications Limited
Message Hero Limited
Mr. Landy holds no ordinary shares in the Company and has options over 1 million ordinary shares in the Company at an exercise price of 5.95 euro cent per ordinary share.
For further information, please contact:
zamano plc
Colin Tucker, Acting Chairman
Michael Connolly, Chief Financial Officer Tel: +353 1 554 7261
Investec Corporate Finance
Shane Lawlor/Ian McGreal Tel: + 353 1 421 0000
Cenkos Securities
Derrick Lee/Neil McDonald Tel: + 44 (0) 131 220 6939
MCOMM Communications Consultants
Richard Moore Tel: +353 1 661 9428
Mob: +353 87 241 4751
Email: ir@zamano.com