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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Cleeve Cap | LSE:CLEE | London | Ordinary Share | GB00BT6SRD21 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 5.075 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
TIDMSAT
RNS Number : 4673A
Satellite Solutions Wldwide Grp PLC
29 September 2015
29 September 2015
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Directorate Changes
Michael Tobin OBE and Paul Howard appointed to the Board
Satellite Solutions Worldwide Group plc (AIM: SAT), the global communications company specialising in rural, last-mile satellite broadband, announces the appointment of Michael Tobin as Non-executive Chairman and Paul Howard as Non-executive Director with immediate effect. At the same time Rodger Sargent will move from Non-executive Chairman to Non-executive Director.
Michael Tobin is a highly successful technology entrepreneur with over 30 years' experience in the telecoms and technology sector. He was CEO of TelecityGroup plc, a leading FTSE 250 technology company, from 2002 to 2014, during which time the business grew from a market capitalisation of GBP6m, to a business with a market value of GBP1.6bn at the time of his departure. During Michael's tenure as CEO, TelecityGroup made a number of acquisitions and expanded into new strategic markets, delivering EBITDA growth of over 690% from its IPO in 2007 to 2014. Prior to TelecityGroup, Michael held senior positions in companies including ICL and International Computer Group in Europe, as well as Pacnet in Hong Kong until it was sold to Telstra in 2015 for $800m.
While Michael holds various Non-executive positions at technology companies throughout USA, Europe, Africa and Hong Kong, SSW is currently his only UK plc directorship. He has won many national awards for technology and business and in 2014 he received the Order of the British Empire for services to the digital economy.
Paul Howard is an advisor to Oakley Capital Corporate Finance, having joined the business in April 2015. Paul spent over 15 years with Cazenove as a telecoms and media analyst and was one of Cazenove's youngest ever partners. He won numerous awards from Reuters and Starmine and was head of the number one ranked European telecoms research team as ranked by the Institutional Investor in 2011. Paul left J.P. Morgan Cazenove in 2011 and became an investor and Non-executive director of various small telecoms companies.
Andrew Walwyn, CEO of SSW, commented: "I am delighted executives of the calibre of Michael and Paul have come onto our Board. They recognise the opportunity presented to our business by ever increasing consumer demand, government initiatives and necessity of access to the internet. Their experience and contacts within telecoms, technology and capital markets will be vital as we continue to build SSW into Europe's pre-eminent satellite broadband provider."
Enquiries:
Satellite Solutions Worldwide www.satellitesolutionsworldwide.com Group PLC Andrew Walwyn, Chief Executive Via Walbrook PR Officer Strand Hanson (Financial & Nominated Adviser) Andrew Emmott / Ritchie Tel: +44 (0)20 7409 3494 Balmer Arden Partners plc (Broker) Catherine Miles / James Tel: +44 (0)20 7614 5900 Felix / Ciaran Walsh Walbrook PR (PR advisers) Tel: +44 (0)20 7933 8780 or ssw@walbrookpr.com Paul Cornelius / Nick Mob: +44 (0)7866 384 707 Rome / +44 (0)7748 325 236
Additional Information
Other than as set out below there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of their appointments today as Directors of the Company.
Disclosures for Michael Tobin (aged 51)
Current directorships/partnerships Director/Partner in the last 5 years ------------------------------------ ------------------------------------ Alfies Ltd Central Data Centres Ltd Basefarm Basefarm AS Globix Ltd CC35 Management Company Globix Holdings (UK) Ltd Ltd GLX Leasing Ltd Chayora Ltd Imagine No.1 LLP Datahub Finland Oy Imagine No.2 LLP Datapipe Inc. Imagine No.3 LLP D&G events Ltd Internet Facilitators Ltd Eurodiesel SA Internet Facilitators Holdings Ltd itConic SA London & Partners International PeoplePerHour Ltd Newincco 992 Ltd Popshack Ltd Pacnet Ltd Team Rock Ltd Pacnet Services Corp Ltd Teraco The Sharpe's Children Foundation Tobin Ventures Ltd TeleCity Ltd Ultrahaptics Ltd TeleCity Finance Ltd TelecityGroup plc TeleCityGroup Holdings Ltd TeleCityGroup International Ltd TeleCityGroup Investments Ltd TeleCityGroup UK Ltd TeleCity Holdings Ltd TeleCity Investments Ltd TeleCity UK Ltd UK Grid Group Ltd The UK Grid Network Ltd ------------------------------------ ------------------------------------
Michael Tobin entered in to an individual voluntary arrangement in 2001 which was subsequently discharged in full by 2006.
Disclosures for Paul Arthur Howard (aged 46)
Current directorships/partnerships Director/Partner in the last 5 years ------------------------------------ -------------------------------- None Timico Technology Group Limited ------------------------------------ --------------------------------
About SSW
SSW's brand Europasat (www.europasat.com), is Europe's largest independent satellite broadband internet service provider, offering services to consumer and business users across Europe. With a track record of strong organic growth in its subscriber base and recurring revenues, the directors of the SSW believe there is a major opportunity to consolidate SSW's organic growth with acquisitions throughout the fragmented European satellite broadband market.
Working closely with satellite owners and operators, SSW targets customers in the 'digital divide' with solutions that deliver up to 22 Mbps (rising to 30 Mbps later this summer) satellite based broadband services to almost any premises, whether residential, commercial or industrial across Europe, irrespective of location or local infrastructure.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
September 29, 2015 02:02 ET (06:02 GMT)
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