Octopus Titan VCT 3 Octopus Titan VCT 3 PLC : Appointment and Resignation of Non-Executive Director
December 13 2011 - 10:40AM
UK Regulatory
TIDMOTV3
Appointment and Resignation of Non-Executive Director
The Board of Octopus Titan VCT 3 plc is pleased to announce the appointment of
David Bundred as a Non-Executive Director of the Company with effect from 12
December 2011. He is to replace Chris Hulatt who resigned on the same day.
Chris was one of the three Founders of the Company's Investment Manager, Octopus
Investments Limited, and remains Chief Financial Officer there.
David is a chartered engineer with experience at senior management levels in the
UK, Germany and the US. Until 1999 he was at the Lucas Group including as
General Manager of the Lucas Brake Controls and Lucas Truck Brake Divisions, his
last appointment was that of Chief Operating Officer of the worldwide business
of Lucas Aerospace. Between 2003 and 2005 David was CEO of TMD Friction Group,
a private German industrial group which is one of the world's brake pad system
suppliers for the automotive industry.
Since 2005, David has invested in a portfolio of high technology, private
companies, several of which he has provided an active role in guiding the
business and mentoring the management team. He is currently chairman of Surface
Transforms plc, Econotherm UK Limited and Metrasens Ltd.
Mark Hawkesworth, Chairman of Octopus Titan VCT 3 plc commented: "We are
delighted to welcome David to the Board. His wealth of experience will enhance
the Board and we look forward to working with him".
Other information required to be disclosed pursuant to paragraph LR 9.6.13R of
the Listing Rules of the Financial Services Authority is as follows:
Details of all directorships or Partnerships held in any other publicly quoted
company at any time in the previous five years:
Surface Transforms plc
Tracey Spevack
Company Secretary
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Octopus Titan VCT 3 PLC via Thomson Reuters ONE
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