REG - Autins Group PLC - Appointment of Non-Executive Director

AutinsAnnouncement

26/09/2024 09:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240926:nRSZ7984Fa&default-theme=true

RNS Number : 7984F  Autins Group PLC  26 September 2024

26 September 2024

 

Autins Group plc

("Autins" the "Company" or the "Group")

 

Appointment of Non-Executive Director

 

Autins Group plc (AIM: AUTG), the UK and European based manufacturer of the
patented Neptune melt-blown material and specialist in the design,
manufacture, and supply of acoustic and thermal insulation solutions,
announces the appointment of Dr Qu Li as a non-executive director of the
Company, with immediate effect.

 

Dr Qu Li is a director and representative of Braveheart Investment Group PLC
("Braveheart"), which holds 26.95 per cent. of the Company's issued share
capital. The Company, Braveheart and the Company's nominated adviser have
entered into a Relationship Agreement to ensure the Company is capable of
carrying on its business independently at all times, and that the costs
associated with Qu Li's appointment and tenure as director will be borne by
Braveheart.

 

Dr Qu L
(https://file.perfectinfo.com/document/300257951/15/300257951.html?caption=Braveheart+Investment+Group+PLC%3a+Appointment+of+Non-Executive+Director&userId=278127&costCode=CostcodeAcc&hitWords=%22qu+li%22&scrypt=b5484a8b505b6013905df89780a0acc7&prodId=300#hit2)
i is an entrepreneur, investor and businesswoman with over 30 years of
experience in corporate mergers and acquisitions, financing and investments in
the automotive industry.  Dr Li is the founder and CEO of Morris Commercial
Ltd, a British automotive manufacturing company seeking to produce zero
emission full battery electric vans.

 

 

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules for Companies, Qu
Li (aged 60) is, or has been within the previous five years, a director or
partner of the following companies or partnerships:

 

 Current directorships/partnerships              Past directorships/partnerships
 ·      LDV Group Ltd                            ·      Iq-AI plc

 ·      Morris Commercial Ltd                    ·      Peterhouse Capital Limited

 ·      Morris Commercial EOT Limited            ·      Peterhouse Holdings Limited

 ·      Braveheart Investment Group plc

 ·      Multidrive Limited

 ·      Agile Impact Capital Ltd

 ·      RDS Automotive Interiors Limited

 

On 5 May 2005, RDS Automotive Interiors Limited, a company of which Qu Li is a
director, was placed into administration and entered into a creditors'
voluntary liquidation on 16 November 2007. The estimated deficiency to
unsecured creditors is approximately £2.3 million.

 

There is no further information to be disclosed pursuant to Schedule 2(g) of
the AIM Rules for Companies.

 

 

For further information please contact:

 Autins Group plc

 Andy Bloomer, Chief Executive    Via SEC Newgate

 Kamran Munir, CFO

 Singer Capital Markets           Tel: 020 7496 3000

 (Nominated Adviser and Broker)

 Sandy Fraser / Asha Chotai

 SEC Newgate                      Tel: 020 7653 9850

 (Financial PR)

 Bob Huxford

 Molly Gretton

About Autins

 

Autins is a UK and continental Europe based industrial materials technology
business that specialises in the design, manufacture, and supply of acoustic
and thermal products. Its key markets are automotive, flooring, office
furniture and commercial vehicles where it supplies products and services to
more than 160 customer locations across Europe.

Autins is the UK and European manufacturer of the patented Neptune melt-blown
material and specialises in the design, manufacture, and supply of acoustic
and thermal insulation solutions.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAFIFEDADIRFIS