Strat Aero PLC Appointment of Executive Director (8517Z)
December 20 2017 - 2:00AM
UK Regulatory
TIDMAERO
RNS Number : 8517Z
Strat Aero PLC
20 December 2017
Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support
Services
Strat Aero plc ("Strat Aero", the "Company" or the "Group")
20 December 2017
Appointment of Executive Director
Further to the announcement of 5 December 2017, Strat Aero plc,
an international aerospace company focused on the rapidly emerging
Unmanned Aerial Vehicle ('UAV') sector, is pleased to announce the
appointment of Mr Trevor Brown as an Executive Director with
immediate effect.
Trevor Brown has been a strategic investor in real estate and
equities for more than 30 years, and is joining the Board following
his subscription for 58% of the recently announced placing
resulting in a shareholding of 971,428,571 ordinary shares,
representing 25.5% in the enlarged share capital of the
Company.
Mr Brown is currently an Executive Director of Flying Brands
plc, CEO of Braveheart Investment Group plc and a Non-Executive
Director of Management Resource Solutions plc. He was also a
director of AIM listed Feedback plc and of Advanced Oncotherapy
plc.
Iain McLure, CEO of Strat Aero plc, commented, "Trevor's
participation in our recent placing speaks volumes for his
confidence in Strat Aero's investment proposition. He is a
strategic investor with extensive experience in the equity markets
and brings with him a significant amount of experience in growing
companies and delivering returns for shareholders. With this in
mind, we welcome him to the Strat Aero team as we work together to
deliver on our strategic objectives of expanding our core Survey
& Inspection and Education & Training divisions in 2018, in
tandem with exploring complementary investment opportunity across
the UAV industry."
Trevor Edward Brown, aged 71, currently holds or has held the
following directorships and partnerships in the last five
years:
Current directorships/partnerships Past directorships/partnerships
Flying Brands plc Feedback plc
Braveheart Investment Group Advanced Oncotherapy
plc plc
Braveheart Academic Seed Prostate Checker Ltd
Funding GP Ltd Free Association Books
Braveheart Nominees Ltd Ltd
The Ridings Early Growth Peterhouse Corporate
Investment Company Ltd Finance Ltd
Kirkstall Ltd
Ridings Holdings Ltd
Stone Checker Software Ltd
Caledonia LP Ltd
Caledonia Portfolio Realisations
Ltd
Free Publishing Ltd
Strathclyde Innovation Fund
GP Ltd
Management Resources Solutions
plc
There is no other information that is required to be disclosed
pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules
for Companies.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
- ENDS -
For further information please visit www.strat-aero.com or
contact:
Strat Aero plc Tel: +44 (0) 1293 804741
Graham Peck (Chairman)
SP Angel Corporate Finance LLP Tel: +44 (0) 20 3470
0470
Nominated Adviser and Joint
Broker
Stuart Gledhill
Jeff Keating
Caroline Rowe
Peterhouse Corporate Finance Tel: +44 (0) 20 7469
0930
Lucy Williams
St Brides Partners Ltd Tel: +44 (0) 20 7236
1177
Financial PR
Susie Geliher
Frank Buhagiar
Notes
Strat Aero plc is a multi-divisional international aerospace
services company, focused primarily on the provision of complete
client solutions in the Unmanned Aerial System ('UAS' market),
which is predicted to show exponential growth over the coming
decade. Commercial and military applications in UASs are expected
to be a dynamic growth sector in the aerospace industry over the
next 10 years with the UAS market forecast to grow to more than
US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013)
and the global airborne Intelligence, Surveillance and
Reconnaissance ('ISR') market estimated to grow to US$19.23 billion
by 2023.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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