1PM PLC Appointment of New Chairman (1099Y)
January 21 2014 - 2:00AM
UK Regulatory
TIDMOPM
RNS Number : 1099Y
1PM PLC
21 January 2014
For Immediate Release 21st January 2014
1pm plc ("1pm" or "the Company") Board Change
Appointment of New Chairman
1pm (AIM: OPM), the AIM listed specialist independent provider
of finance facilities to the SME sector, is pleased to announce the
appointment to the Board of Ian Smith as Non-Executive Chairman,
effective from 1(st) February 2014.
Ian has 30 years' experience in business as a board level
Finance Director and Chief Executive following qualification as an
accountant. He has worked in companies at all stages of the
business cycle with experience of start-ups, R&D
commercialisation, international expansion, flotations and
successful exits, within both privately-held and quoted
companies.
Ian is currently Chief Financial Officer of Q Chip Limited, a
biotechnology business engaged in drug delivery and a non-executive
director of SmartKem Limited, a business engaged in organic
semiconductor technology. Both companies have raised funds through
a series of venture capital financing rounds in recent years.
Previously, Ian was a member of the management team which
successfully sold UDEX Limited on behalf of 3i plc in 2006 and, as
Finance Director of Surface Technology Systems plc, he was
instrumental in its flotation on AIM in December 2000, subsequently
leading the business as Chief Executive through the technology
sector downturn from 2001 to 2003. Prior to that Ian was Group
Finance Director to LSE-listed UK Safety Plc.
Mr Smith replaces Ron Russell who has acted Interim Chairman
since September 2013. Mr Russell will remain on the Board as a
Non-Executive Director.
Commenting on the appointment, 1pm CEO Maria Hampton said:
"We are delighted to welcome Ian to the Board and feel sure that
his commercial and PLC Board experience will prove invaluable as we
look to develop and expand the business even further."
The following details in relation the appointment of Ian Smith
(age 52) are disclosed in accordance with in accordance with
Schedule 2(g) of the AIM Rules
Current directorships Past directorships held within
last five years
---------------------- -------------------------------
Q Chip Limited PerfectaPutt Limited
SmartKem Limited Riscapital Limited
Spherical Blade Limited
In 2011 Mr Smith placed Riscapital Limited and Perfectaputt
Limited into compulsory liquidation. He was the sole member and
only creditor of both companies.
There are no other disclosures required in accordance with
Schedule 2(g) of the AIM Rules.
Enquiries:
1pm plc
Ian Smith, Chairman
Maria Hampton, CEO 0844 967 0944
WH Ireland (NOMAD)
Mike Coe 0117 945 3470
Winningtons Financial PR 0117 985 8989
Paul Vann/Tom Cooper 07768 807 631
paul.vann@winningtons.co.uk
About 1pm:
The Company was admitted to AIM in August 2006.
1pm plc is an established independent finance company focused on
providing SMEs with accessible funding to add value to their
businesses. All customers must have good credit histories and
proven ability to repay their finance commitments.
1pm currently provides assets finance from GBP1,000 to GBP50,000
for a period of between 12 and 60 months and GBP1,000 to GBP15,000
for business loans (repaid over 3-36 months).
Mission Statement - 'Helping the UK economy grow by supporting
SMEs'
More information is available on the Company website
www.1pm.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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