ZMNO Zamano

TIDMZMNO

RNS Number : 3689C

Zamano PLC

12 April 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

12 April 2017

zamano plc ("zamano" or the "Company")

   ISE: ZAZ                                LSE: ZMNO 

Board Changes

The Company today announces that Fergal Scully, non-executive director, has notified the Company that he is resigning as a Director of zamano with effect from 13 April 2017. The Company is grateful to Fergal for his valuable contribution during his tenure. Given the recent Company decision to close down the existing business lines, Fergal believes this is an appropriate time for him to step down from the Board.

The Company also announces the appointment of Mr. Pat Landy as a non-executive director of the company with effect from 12 April 2017. The Company believes Pat will be able to add significant value to the Company during the wind down phase given his detailed knowledge of zamano from his previous tenure as Director and his extensive business and corporate finance experience.

Mr. Landy was previously a director of the company between February 2011 and November 2016. He also served as CEO of the Company between November 2011 and January 2014.

The following information is disclosed pursuant to Schedule Two paragraph (g) of the ESM and AIM Rules for Companies. Mr. Landy, aged 66 years, has been a director of the following companies during the five years preceding the date of this announcement:

Current directorships:

Moneybush Crowdfunding Limited

Phone Paid Services Association Company Limited by Guarantee

Xzerv Group Limited

Xzerv Limited

Directorships held in the last five years:

Funzoo Limited

Zamano plc

Red Circle Technologies Limited

Zamano Solutions Limited

Enabletel Limited

M-Isphere Telecommunications Limited

Message Hero Limited

Mr. Landy holds no ordinary shares in the Company and has options over 1 million ordinary shares in the Company at an exercise price of 5.95 euro cent per ordinary share.

For further information, please contact:

zamano plc

Colin Tucker, Acting Chairman

   Michael Connolly, Chief Financial Officer            Tel: +353 1 554 7261 

Investec Corporate Finance

   Shane Lawlor/Ian McGreal                                          Tel: + 353 1 421 0000 

Cenkos Securities

   Derrick Lee/Neil McDonald                                         Tel: + 44 (0) 131 220 6939 

MCOMM Communications Consultants

   Richard Moore                                                                  Tel: +353 1 661 9428 

Mob: +353 87 241 4751

Email: ir@zamano.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOASFEFLEFWSELL

(END) Dow Jones Newswires

April 12, 2017 10:46 ET (14:46 GMT)

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