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AUTG Autins Group Plc

9.50
0.00 (0.00%)
11 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Autins Group Plc LSE:AUTG London Ordinary Share GB00BD37ZH08 ORD GBP0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.50 9.00 10.00 9.50 9.50 9.50 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Vehicle Part,accessory 22.68M -913k -0.0167 -5.69 5.19M

Autins Group PLC Appointment of Non-Executive Director

26/09/2024 9:30am

RNS Regulatory News


RNS Number : 7984F
Autins Group PLC
26 September 2024
 

26 September 2024

 

Autins Group plc

("Autins" the "Company" or the "Group")

 

Appointment of Non-Executive Director

 

Autins Group plc (AIM: AUTG), the UK and European based manufacturer of the patented Neptune melt-blown material and specialist in the design, manufacture, and supply of acoustic and thermal insulation solutions, announces the appointment of Dr Qu Li as a non-executive director of the Company, with immediate effect.

 

Dr Qu Li is a director and representative of Braveheart Investment Group PLC ("Braveheart"), which holds 26.95 per cent. of the Company's issued share capital. The Company, Braveheart and the Company's nominated adviser have entered into a Relationship Agreement to ensure the Company is capable of carrying on its business independently at all times, and that the costs associated with Qu Li's appointment and tenure as director will be borne by Braveheart.

 

Dr Qu Li is an entrepreneur, investor and businesswoman with over 30 years of experience in corporate mergers and acquisitions, financing and investments in the automotive industry.  Dr Li is the founder and CEO of Morris Commercial Ltd, a British automotive manufacturing company seeking to produce zero emission full battery electric vans.

 

 

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules for Companies, Qu Li (aged 60) is, or has been within the previous five years, a director or partner of the following companies or partnerships:

 

Current directorships/partnerships

Past directorships/partnerships

·      LDV Group Ltd

·      Morris Commercial Ltd

·      Morris Commercial EOT Limited

·      Braveheart Investment Group plc

·      Multidrive Limited

·      Agile Impact Capital Ltd

·      RDS Automotive Interiors Limited

 

·      Iq-AI plc

·      Peterhouse Capital Limited

·      Peterhouse Holdings Limited

 

 

On 5 May 2005, RDS Automotive Interiors Limited, a company of which Qu Li is a director, was placed into administration and entered into a creditors' voluntary liquidation on 16 November 2007. The estimated deficiency to unsecured creditors is approximately £2.3 million.

 

There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies.

 

 

For further information please contact:

Autins Group plc

Andy Bloomer, Chief Executive

Kamran Munir, CFO

 

 

Via SEC Newgate

Singer Capital Markets

(Nominated Adviser and Broker)

Sandy Fraser / Asha Chotai

 

Tel: 020 7496 3000

SEC Newgate

(Financial PR)

Bob Huxford

Molly Gretton

 

 

Tel: 020 7653 9850

 

About Autins

 

Autins is a UK and continental Europe based industrial materials technology business that specialises in the design, manufacture, and supply of acoustic and thermal products. Its key markets are automotive, flooring, office furniture and commercial vehicles where it supplies products and services to more than 160 customer locations across Europe.

Autins is the UK and European manufacturer of the patented Neptune melt-blown material and specialises in the design, manufacture, and supply of acoustic and thermal insulation solutions.

 

 

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