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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 |
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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