Helios Towers PLC Appointment of Chief Financial Officer (0349J)
December 17 2020 - 7:46AM
UK Regulatory
TIDMHTWS
RNS Number : 0349J
Helios Towers PLC
17 December 2020
Helios Towers plc
Appointment of Chief Financial Officer
London, 17 December 2020: The Board of Helios Towers plc
("Helios Towers" or "Company"; LSE: HTWS) is pleased to announce
the appointment of Manjit Dhillon as Chief Financial Officer (CFO)
and to the Board of the Company with effect from 1 January
2021.
Mr Dhillon joined Helios Towers in 2016, and in his role as Head
of Investor Relations and Corporate Finance, has overseen
transactions including the recent $1bn debt refinancing and the
acquisition of over 1,200 towers to enter the new market of
Senegal. He also played a key role throughout the successful IPO of
Helios Towers on the London Stock Exchange in 2019. He was
appointed interim CFO in July 2020 as Tom Greenwood, the then CFO
of the Company, took up the position of Chief Operating Officer. Mr
Dhillon will continue to have responsibility for corporate finance
and investor relations, with specific duties undertaken by
colleagues in the finance team. Prior to Helios Towers, Mr Dhillon
qualified as a Chartered Accountant with Deloitte and has held a
number of positions in the financial services sector, including
with Goldman Sachs and Lyceum Capital.
Mr Dhillon's appointment as CFO concludes a thorough and
extensive search process led by Chairman of the Board and Chairman
of the Nomination Committee, Sir Sam Jonah, considering a diverse
range of internal and external candidates.
Sir Sam Jonah, Chairman, said today: "I am delighted to be able
to announce Manjit's appointment following a thorough recruitment
process. Since 2016, Manjit has proven himself to be a highly
capable individual and his appointment, from a large field of
candidates, is well deserved. I look forward to welcoming him to
the Board."
Kash Pandya, Chief Executive Officer, added: "I am delighted
that Manjit has been appointed as CFO. We have always taken great
pride in recruiting the best talent and then providing them with
career pathways to the very top positions within the organisation.
His short time as interim CFO has been one of intense development
for the business and I look forward to working with him as we take
the company forward."
The Company confirms that the composition and independence of
the Board remains in-line with the UK Corporate Governance Code
following this announcement.
Investor Relations
Manjit Dhillon, Interim CFO, Head of IR & Corporate
Finance
+44 (0)776 723 7010
Media Relations
Edward Bridges / Rob Mindell
FTI Consulting LLP
+44 (0)20 3727 1000
Notes and other disclosures
1. Remuneration
As Chief Financial Officer, Manjit Dhillon's annual salary will
be GBP350,000 per annum and his pension contribution will be 9% of
salary, in line with the workforce. His bonus and LTIP arrangements
will be in line with the Directors' Remuneration Policy. Full
details of Mr Dhillon's remuneration arrangements will be set out
in the 2020 Directors' Remuneration Report, which will be published
in April 2021.
2. Shareholding information
Manjit Dhillon currently holds 160,825 ordinary shares in Helios
Towers plc.
3. Regulatory disclosure
There is no additional information required to be disclosed in
respect of Manjit Dhillon pursuant to Listing Rule 9.6.13
About Helios Towers ("HT")
-- Helios Towers is a leading independent telecommunications
infrastructure company in Africa, having established one of the
continent's most extensive tower portfolios with over 7,200 towers
across five countries. It builds, owns and operates telecom passive
infrastructure, providing services to mobile network operators.
-- HT owns and operates more sites than any other operator in
each of Tanzania, Democratic Republic of Congo ("DRC"), and Congo
Brazzaville. It is also a leading operator in Ghana with a strong
urban presence and established a presence in South Africa in
2019.
-- HT pioneered the model in Africa of buying towers that were
held by single operators and providing services utilising the tower
infrastructure to the seller and other operators. This allows
wireless operators to outsource non-core tower-related activities,
enabling them to focus their capital and managerial resources on
providing higher quality services more cost-effectively.
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END
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