Share Name Share Symbol Market Type Share ISIN Share Description
Block Commodities Ltd NEX:BLCC NEX Ordinary Share GG00B4QYTJ50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.008 0.007 0.009 0.008 0.008 0.008 0.00 07:57:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Block Commodities Ltd: Appointment of New Chief Executive Officer

21/11/2019 7:00am

UK Regulatory (RNS & others)


 
 Block Commodities Ltd (BLCC) 
Block Commodities Ltd: Appointment of New Chief Executive Officer 
21-Nov-2019 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
     The information communicated within this announcement is deemed to 
     constitute inside information as stipulated under the Market Abuse 
 Regulations (EU) No. 596/2014. Upon the publication of this announcement, 
   this inside information is now considered to be in the public domain. 
 
21 November 2019 
 
      BLOCK COMMODITIES LIMITED 
 
      ("Block Commodities" or the "Company") 
 
      Block Commodities Limited / Epic: BLCC / Sector: Mining 
 
   Block Commodities Announces Appointment of New Chief Executive Officer 
 
 Block Commodities Ltd is pleased to announce the appointment of Ian Tordoff 
  as Chief Executive Officer who has joined the Board with immediate effect. 
Mr Tordoff will assume responsibility for the overall management of business 
    operations from Dr Chris Cleverly, who will step down from his executive 
   role but remain in his position as non-executive Chairman of the Company. 
 
          Mr Tordoff has wide expertise in leading engineering and logistics 
 development teams. He has managed more than US$6bn of health care projects, 
   spanning clinical & medical assignments in the UK, US and Middle East for 
            health providers and insurance clients. 
 
   Formerly a consultant for Ernst & Young, Ian has since held Non-executive 
   Director and advisory roles with the National Health Service, myHealthPal 
         Group and Dermaltech. He currently advises PathologyCloud, Amethyst 
            Radiotherapy and Vulcan Industries PLC. 
 
  Ian's extensive experience has involved tracking the evidence base for the 
   efficacy of cannabidiol (CBD) and tetrahydrocannabinol (THC), two natural 
  compounds found in cannabis [1] plants and their associated treatments and 
he has built strong relationships through this work with relevant producers, 
            labs, "brands" and customers. 
 
     Commenting on the appointment Chris Cleverly, non-executive Chairman of 
     Block Commodities, said: "Block Commodities has reached an exciting new 
   stage in its development and has subsequently strengthened its leadership 
     team to meet the opportunities presented by the changing commercial and 
   regulatory landscapes. The substantial growth opportunity that exists for 
       the company was exemplified by the NHS approval of two cannabis-based 
  medicines for use by the National Institute for Health and Care Excellence 
  ("NICE") in the UK. We welcome the wealth of experience that Ian brings to 
       the Company from the health and wellness industry and look forward to 
            working with him." 
 
       Ian Tordoff, Chief Executive Officer of Block Commodities said: "I am 
   pleased to join Block Commodities at such a pivotal time for the Company. 
  Black Commodities is well placed to build a market leading position in the 
       sector. I am looking forward to expanding both our Advisory Board and 
 Medical Management Team in the next two quarters to ensure that we have the 
 best in-house resources to capitalise on the emerging opportunities in this 
      rapidly developing market, to the benefit of all of our stakeholders." 
 
-ENDS 
 
            NOTES TO EDITORS 
 
            Further Information on Ian Tordoff 
 
 As required by Paragraph 21 of Appendix 1 to the NEX Exchange Growth Market 
 - Rules for Issuers, the Company confirms that Mr Ian Charles Tordoff, aged 
  57, is currently a director/partner, or has been a director/partner in the 
            past five years, of the companies listed below: 
 
      Current Directorships Past Directorships (last five years) 
Vulcan Industries Plc 
 
Compare the Man and Van Ltd 
 
Integre Consulting Ltd 
 
Level38 Limited 
 
Amethyst Radiotherapy Ltd 
 
Racco Products Ltd 
 
PPA Group Holdings Ltd 
 
Moober Ltd 
 
Mr Tordoff will be handing over responsibilities and resigning as a Director 
         of all other concerns in the coming weeks with the exception of his 
  Non-executive Director role with Vulcan Industries Plc which requires less 
            than 3 days per month of his time. 
 
   Mr Tordoff has an interest in the Company's unissued share capital as the 
holder of 300,000,000 zero cost options to subscribe for new ordinary shares 
  in the Company (of which 150,000,000 have vested and 150,000,000 will vest 
    when the Company's share price is in excess of GBP0.002 for a period of 14 
            consecutive trading days). 
 
      Mr Tordoff has no further disclosures under the NEX Exchange rules for 
            companies. 
 
CONTACTS 
 
Block Commodities Limited 
Chris Cleverly                     info@blockcommodities.com 
 
Ian Tordoff                        info@blockcommodities.com 
 
Press contact 
 
Hawthorn Advisors                  block@hawthornadvisors.com 
 
NEX Exchange Corporate Adviser: 
Alexander David Securities Limited 
David Scott - Corporate Finance    +44 (0) 20 7448 9820 
James Dewhurst - Corporate Broking +44 (0) 20 7448 9820 
 
The Directors of the Company accept responsibility for the content of this 
announcement. 
 
ISIN:          GG00B4QYTJ50 
Category Code: BOA 
TIDM:          BLCC 
LEI Code:      2138001KNTXRAZTFKU51 
Sequence No.:  30546 
EQS News ID:   918185 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=63d27f58879172b345ede38e84d68bbd&application_id=918185&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

November 21, 2019 02:00 ET (07:00 GMT)

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