REG - Sabien Technology - Board Changes

Sabien TechnologyAnnouncement

24/09/2019 07:05

RNS Number : 3634N
Sabien Technology Group PLC
24 September 2019
 


For immediate release                                                                                                                
24 September 2019
 
Sabien Technology Group plc
("Sabien" or the "Company")
Board Changes
The Board of Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, an energy efficiency technology, announces that it has appointed, with immediate effect Cédriane de Boucaud Truell and Marco Nijhof as Non-Executive Directors. As previously announced on 2 September 2019, the Company had entered into a relationship and lock-in agreement ("Relationship Agreement") with the Truell Intergenerational Family Limited Partnership Incorporated (TIG), pursuant to which TIG currently has the right to appoint two directors to the Board. Cédriane de Boucaud Truell and Marco Nijhof have been nominated by TIG.
 
Richard Parris, Chairman of Sabien, commented:
 
"The appointments of Cédriane and Marco are key to the next stage of Sabien's development as a public company. They both bring significant operational, commercial and corporate finance expertise to the Sabien Board and their assistance and support are important to the Company's future prospects."
 
Further disclosures on the new directors
 
Further disclosures on Cédriane de Boucaud Truell and Marco Nijhof as required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies are as follows.
 
Cédriane Marie de Boucaud Truell (née de Boucaud), aged 50, is a founder and senior partner of Disruptive Capital. She holds an MA in Economics and a BA in Economics & Political Science, both from Cornell University (USA) and worked subsequently until 1999 as a restructuring and turnaround specialist with PriceWaterhouse in New York and Moscow. Cédriane then worked with a portfolio of early-stage tech companies with a venture capital firm, before raising a technology fund and spinning it out to what became Disruptive Capital Finance in 2009.
 
Cédriane de Boucaud Truell has held the following directorships and/or partnerships in the past five years:
 




Current directorships and/or partnerships


Past directorships and/or partnerships




Disruptive Capital Investments Limited


Ptarmigan SA




Disruptive Capital Investments Limited II


Ptarmigan Destinations Holdings SA




Disruptive Capital GP Limited


Curzon Park Capital




Chinstrap GP Limited (in voluntary liquidation)


STV Nominee Limited




Fiordland GP Limited


Disruptive Capital Limited




Disruptive Capital Renewable Energy Holding SA


STV GP Limited




The Truell Conservation Foundation


Flexible Securities Limited




Heidi Bond SA


Tantalum Corporation Limited




 


Tantalum Corporation Acquisitions Limited




 


Pay.Car Limited




 


Niobium Corporation Limited




 


Tantalum Innovations Limited




 


Tantalum Founders Limited




 


Disruptive Capital Finance LLP




 


Tracker Network (UK) Limited




 


Sustainable Technology Partnership Founder Partner LLP




 
Cédriane de Boucaud Truell holds no ordinary shares in the Company.
 
Cédriane de Boucaud Truell was a former director of Morgan Everett Limited until February 2012. Morgan Everett, an investee company of the Sustainable Technology Fund, entered into administration in July 2009, and subsequently a creditors voluntary liquidation in February 2012, with an overall deficit to creditors of approximately £1.5 million.
 
There is no further information on Cédriane de Boucaud Truell required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.
 
Marco Peter Nijhof, aged 59, has been a senior executive within the international five-star luxury retail, hotel and hospitality industry, including Jumeirah Hotels in Dubai, Hyatt Hotels & Resorts, Marriott and The Bicester Village Shopping Collection.
 
Marco Nijhof has held the following directorships and/or partnerships in the past five years:
 




Current directorships and/or partnerships


Past directorships and/or partnerships




Unfold (UK) Limited


Yoo Hotels International (UK) LLP




Unfold EU BV


Yoo Hotels Limited




Resources For Leisure Assets


Aqua Boracay By Yoo Limited




 


Vikare Developments (Tuscany) Limited (SC 501694)




 


Vikare General Partner Limited




 


Vikare Investments (Tuscany) Limited




 


Vikare Developments (Tuscany) Limited (SC 452360)




 
Marco Nijhof holds no ordinary shares in the Company. There is no further information on Marco Nijhof required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.
 
Special note concerning the Market Abuse Regulation
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). The person who arranged for the release of this announcement on behalf of the Company was Richard Parris, Chairman and Director.
 
 
 
 
 
For further information:
 




Sabien Technology Group plc   
Richard Parris, Chairman   
Cédriane de Boucaud Truell       
 


+44(0)20 7993 3700
 
 




Beaumont Cornish Limited (Nominated Advisor)
Michael Cornish and Roland Cornish     
www.beaumontcornish.com
 


+44(0)20 7628 3396




Peterhouse Capital Limited (Broker)
Duncan Vasey and Lucy Williams


+44(0)20 7469 0930




 
ENDS
 




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