REG - Mincon Group Plc - Board Changes

MinconAnnouncement

06/12/2023 07:00

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RNS Number : 7839V  Mincon Group Plc  06 December 2023

Mincon Group plc

("Mincon" or the "Group")

 

Board Changes

 

Mincon Group plc (Euronext:MIO; AIM:MCON), the Irish engineering group
specialising in the design, manufacture, sale and servicing of rock drilling
tools and associated consumable products, is pleased to announce the
appointment of Ms. Orla O'Gorman as an independent, non-executive director of
the Company, with immediate effect. The Group also announces the impending
retirement of Mr. John Doris on the 1st of February 2024.

 

Appointment of Director

Orla O'Gorman has extensive corporate finance and capital markets experience
in a variety of roles.  She held senior management positions at PwC, ABN Amro
and Eurologic Systems before founding OR Associates which provided niche
transaction management and corporate finance services to public and private
companies.

 

Orla joined the Irish Stock Exchange plc ("ISE") in September 2014 as Head of
Equity, with responsibility for the Irish equity market. When Euronext
acquired the ISE in March 2018 Orla became Head of Listing Ireland and
subsequently the UK for the Group.

 

Orla O'Gorman is currently a non-executive director with Cairn Homes plc,
Cubic Telecom, Bon Secours Health System and Elite SpA; she is also a member
of the Elkstone Ventures Advisory Board. She is a Member of Chartered
Accountants Ireland ("CAI") Sustainability Expert Working Group and the Ethics
& Governance Committee.  Orla is a qualified accountant, holds a Bachelor
of Commerce from University College Dublin and a Master of Accounting from UCD
Smurfit School.

 

Hugh McCullough, Chairman of Mincon, commented:  "I am delighted to welcome
Orla to the board of Mincon as we continue to develop and diversify our
drilling tool business.  She  brings extensive practical, commercial
experience  to the Board and her focus on sustainable development is very
much in keeping with the Group's existing manufacturing ethos. I know she will
make an important contribution to the Group's global business."

 

 

 

Retirement of Director

The Group also announces the impending retirement of our Senior Independent
Non Executive Director, John Doris, who will step down from the Board on 1
February 2024.  John has had extensive experience with the Group since 2014
when he acted as Interim CFO and then subsequently as Company Secretary until
his appointment as Senior Independent Non Executive Director in February 2017.

 

Existing Director, Paul Lynch, will assume the role of Senior Independent Non
Executive Director upon John's retirement.

 

Hugh McCullough, Chairman of Mincon, commented:  "John has been a
consistently active and committed director who has given important service to
the Group over the many years of his association. He has always put the
Group's interest first and has been an extremely diligent and positive
contributor to Board affairs.  We will miss John's presence; we thank him for
his contribution to Mincon and we wish him continued success in his other
corporate activities."

 

Additional Information:

 

The following information regarding the appointment of Orla O'Gorman, aged 51,
is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 

 Current Directorships / Partnerships  Past Directorships / Partnerships
 Bon Secours Health System CLG         HealthBeacon plc
 Cairn Homes plc
 Cubic Telecom Limited
 Elite SpA
 Powertherm Solutions Limited

 

Ms. O'Gorman does not hold any Ordinary Shares of the Company.

 

Orla O'Gorman served as a non-executive Director of HealthBeacon plc between
26 April 2022 and 1 February 2023. On 27 October 2023, the Irish High Court
appointed an interim examiner to HealthBeacon.

 

The Company confirms that there is no other information that is required to be
disclosed under Schedule 2(g) of the AIM Rules for Companies.

 

 

Ends

6(th) December 2023

 

For further information please contact

 

Mincon Group plc

Joe Purcell - Chief Executive
Officer
Tel: +353 (61) 361 099

Mark McNamara - Chief Financial Officer

 

Davy Corporate Finance (Nominated Adviser, Euronext Growth Listing Sponsor and Joint Broker)

Anthony
Farrell
Tel: +353 (1) 679 6363

Daragh O' Reilly

 

Shore Capital (Joint Broker)

Malachy
McEntyre
Tel: +44 (0) 20 7408 4090

Mark Percy

Daniel Bush

 

 

Forward looking statements

Any forward-looking statements made in this document represent the Board's
best judgment as to what may occur in the future. However, the Group's actual
results for the current and future financial periods and corporate
developments will depend on a number of economic, competitive and other
factors, some of which will be outside the control of the Group. Such factors
could cause the Group's actual results for future periods to differ materially
from those expressed in any forward-looking statements included in this
announcement.

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