Haydale Graphene Industries PLC Appointment of Chairman (9181K)

TIDMHAYD

RNS Number : 9181K

Haydale Graphene Industries PLC

13 July 2017

The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 
For immediate release  13 July 2017 
 

Haydale Graphene Industries plc

('Haydale' or the 'Group)

Appointment of Chairman

Haydale (AIM:HAYD), the global nanomaterials group, is pleased to announce the appointment of David Banks as Non-Executive Chairman with immediate effect. David is replacing John Knowles, who as previously announced, had decided to retire and has stepped down as the Group's Non-Executive Chairman.

David Banks is a senior executive Investment Banker with over 30 years' experience in advising companies. He joins Haydale from Cantor Fitzgerald Europe, where he held the position of Managing Director in Corporate Broking. David brings a wealth of capital markets experience to Haydale, having held senior positions at Dawnay Day, Durlacher, Arbuthnot Securities and Panmure Gordon & Co prior to his role at Cantor Fitzgerald Europe.

David has considerable sector experience, having represented clients in the automotive, engineering, industrials and high-technology sectors. David specialises in analysing small to mid-cap companies and helping them communicate and realise their potential as well as ensuring they uphold the highest standards of corporate governance. Furthermore, he is well versed in applying his financial knowledge to early stage companies to direct their financial growth, which is of particular benefit to Haydale as the Group has changed from being an R&D focused business to a commercial entity. David will be eligible to participate in the Company's share option scheme.

David Banks, Non-Executive Chairman of Haydale, said: "I am really pleased to have joined Haydale today as their new Chairman. Given my background in investment banking, I fully appreciate the importance for growth companies to clearly communicate their investment story not only to their current investor base but also to potential investors who can help facilitate the growth of the company.

I am already very close to the Haydale story and as such, I am really excited at the prospect of applying my expertise to a business which is already commercialising nanomaterials for the benefit of global industry."

Commenting on the appointment, Ray Gibbs, CEO of Haydale, said: "We are delighted to welcome David to our Board. He has significant experience at a senior level within the City and, together with his considerable industrial connections, he will undoubtedly be of great added value to Haydale. Having acted as our corporate broker, David knows the business and its shareholders extremely well and we are looking forward to David's counsel as we transition to a sales-driven global advanced materials business. We will benefit from his knowledge and experience in helping commercialise our business further whilst generating value for our shareholders.

The Board would also like to extend our sincere thanks to John Knowles for his significant contribution to the Group and its shareholders over the last three years. As our Chairman, John has been instrumental to Haydale's growth since our AIM listing in 2014. We wish him a long and very happy retirement."

There is no further information to be disclosed about David Doidge Richard Banks, age 58 years, pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

David does not currently hold any shares in, or options over shares in, the capital of the Company.

- Ends -

For further information:

 
Haydale Graphene Industries 
 plc 
Ray Gibbs, Chief Executive   Tel: [phone] 
 Officer                                       946 
Matt Wood, Finance Director        www.haydale.com 
Trevor Phillips, Head 
 of Communications 
 
Cairn Financial Advisers 
 LLP (Nominated Adviser) 
Tony Rawlinson / Emma         Tel: [phone] 
 Earl                                         0880 
 
Cantor Fitzgerald Europe 
 (Broker) 
David Foreman / Will Goode    Tel: [phone] 
 (Corporate Finance)                          7000 
Mark Westcott (Sales) 
 

Media enquiries:

 
Buchanan 
Henry Harrison-Topham /  Tel: [phone] 
 Jamie Hooper                            5000 
[e-mail]   www.buchanan.uk.com 
 

Notes to Editors

Haydale is a global technologies and materials group that facilitates the integration of nanomaterials into the next generation of commercial technologies and industrial materials. With expertise in graphene, silicon carbide and other nanomaterials, Haydale is able to deliver improvements in electrical, thermal and mechanical properties, as well as toughness. Haydale has granted patents for its technologies in Europe, USA and China and operates from four facilities in the UK, USA and the Far East.

For more information please visit:

www.haydale.com

Twitter: @haydalegraphene

This information is provided by RNS

The company news service from the London Stock Exchange

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July 13, 2017 02:00 ET (06:00 GMT)