Eden Research plc Appointment of Non-Executive Director (0278Y)
September 02 2022 - 2:01AM
UK Regulatory
TIDMEDEN
RNS Number : 0278Y
Eden Research plc
02 September 2022
2 September 2022
Eden Research Plc
("Eden" or "Company")
Appointment of Non-Executive Director
Eden Research plc (AIM: EDEN; OTCQB: EDNSF), the AIM-quoted
company focused on sustainable biopesticides and plastic-free
formulation technology for use in the global crop protection,
animal health and consumer products industries, today announces the
appointment of Richard Horsman as Non-Executive Director, with
effect from 1 September 2022.
Richard brings over 25 years of AIM and Main Market experience
to the team, having worked in both Executive and Non-Executive
roles across a broad spectrum of businesses and industries. He has
experience in delivering both organic and acquisition-based growth
that will support Eden in delivering on its strategic objectives.
Richard also has hands on agricultural experience, having owned and
operated a commercial farm, and gaining a Diploma from Plumpton
Agricultural College.
Richard also holds non-executive roles at broadband, fixed line
and mobile solutions business, Toople plc, and Gardien Group, a
provider of software and services to the printed circuit board
industry. Previous non-executive roles have included AIM-listed oil
exploration and technology company Tomco plc, and specialty
pharmaceutical business, Plethora Solutions plc.
Prior to his non-executive career, Richard served a 9-year
tenure as CEO of Cybit Holdings plc, a leading provider of ASP
based software solutions for the vehicle and asset management
market. In this role, he defined the company's market strategy,
recruiting a team to establish a leading product and services
portfolio. Richard built Cybit to become a European market leader,
with consistent double-digit revenue and profit growth, before
leading its sale to Francisco Partners, in late 2009, which
delivered a 106% premium to the share price.
Eden Chairman Lykele van der Broek commented: "With over 25
years' executive-level experience in both public and privately
owned businesses, Richard is a valuable addition to the Eden team.
As the only AIM-listed business focused on sustainable
biopesticides, Eden is dedicated to growing the business to meet
the rising needs of farmers across the globe, who are seeking
viable alternatives to conventional chemical pesticides, as they
are increasingly regulated out of the market. Richard's wealth of
knowledge and experience will provide an additional perspective as
we continue to focus on our growth strategy and pursue
opportunities across new geographies and products lines, both
organically and potentially through industry consolidation."
Regulatory Disclosures:
In accordance with Rule 17 and Schedule 2(g) of the AIM Rules
for Companies, Richard John Horsman, aged 61, has held the
following directorships in the past five years:
Current Directorships: Directorships held in the past
five years:
Toople plc Tomco Energy plc
Gardien (SEA) Pte. Ltd. Ucamco NV
J.C. Mackinlay and Co. Limited
Altar Cottages Charity
Crowhurst Relief in Need Charities
High Lees Farm Partnership
For further information, contact:
Eden Research plc www.edenresearch.com
Sean Smith 01285 359 555
Alex Abrey
Cenkos Securities (NOMAD and broker)
Giles Balleny / Max Gould (Corporate
Finance)
Michael Johnson (Sales) 020 7397 8900
Hawthorn Advisors eden@hawthornadvisors.com
Stephen Atkinson
Victoria Ainsworth
Notes to Editors:
Eden Research is the only UK-listed company focused on
biopesticides for sustainable agriculture. It develops and supplies
innovative biopesticide products and natural microencapsulation
technologies to the global crop protection, animal health and
consumer products industries.
Eden's products are formulated with terpene active ingredients,
based on natural plant defence metabolites. To date, they have been
primarily used on high-value fruits and vegetables, improving crop
yields and marketability, with equal or better performance when
compared with conventional pesticides. Eden has two products
currently on the market:
Based on plant-derived active ingredients, Mevalone (R) is a
foliar biofungicide which initially targets a key disease affecting
grapes and other high-value fruit and vegetable crops. It is a
useful tool in crop defence programmes and is aligned with the
requirements of integrated pest management programmes. It is
approved for sale in a number of key countries whilst Eden and its
partners pursue regulatory clearance in new territories thereby
growing Eden's addressable market globally.
Cedroz (TM) is a bio-nematicide that targets free living
nematodes which are parasitic worms that affect a wide range of
high-value fruit and vegetable crops globally. Cedroz is registered
for sale on two continents and Eden's commercial collaborator,
Eastman Chemical, is pursuing registration and commercialisation of
this important new product in numerous countries globally.
Eden's Sustaine (R) encapsulation technology is used to harness
the biocidal efficacy of naturally occurring chemicals produced by
plants (terpenes) and can also be used with both natural and
synthetic compounds to enhance their performance and ease-of-use.
Sustaine microcapsules are naturally-derived, plastic-free,
biodegradable micro-spheres derived from yeast. It is one of the
only viable, proven and immediately registerable solutions to the
microplastics problem in formulations requiring encapsulation.
Eden was admitted to trading on AIM on 11 May 2012 and trades
under the symbol EDEN. It was awarded the London Stock Exchange
Green Economy Mark in January 2021, which recognises London-listed
companies that derive over 50% of their total annual revenue from
products and services that contribute to the global green economy.
Eden derives 100% of its total annual revenues from sustainable
products and services.
For more information about Eden, please visit: www.edenresearch.com .
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