Share Prem. Act. & Appt. of Director

    Densitron Technologies plc                           

                                                                               

                     Cancellation of Share Premium Account                     

                                      and                                      

                              Directorate Change                               

 

 

The Directors of Densitron Technologies plc are pleased to report, that
following approval by the  Shareholders at the Annual General Meeting on 7
August 2007, the Company has now received an Order of Court approving the
Cancellation of its Share Premium Account.

 

The Directors are also delighted to announce the appointment of Mr Jan Gustav
Lennart Holmström as a non-executive director of the Company with immediate
effect. Mr Holmström is appointed under the terms of the loan from the
Company's largest shareholder, Förvaltnings AB Bronsstädet, under which the
Company has agreed to appoint a nominated non-executive director. Mr Holmstrom
is 54 years old and the Managing Director of Förvaltnings AB Browallia, a
subsidiary of Förvaltnings AB Bronsstädet. He is an insurance professional and
brings a wealth of experience to the Company having worked for a number of
years in the Far East.

 

Mr Holmström's current directorships are Förvaltnings AB Browallia, Browallia
Holdings Limited and Somerset AB.

 

As required by Schedule 2 of the AIM Rules, Mr Holmström has been a director of
the following companies who have been placed into a procedure under the
Insolvency Act 1986:

 

Name                                  Date of       Insolvency     Date of     
                                      resignation   procedure      procedure   
                                                                               
Folksam International Insurance       15/03/2002    Administration 19/07/2002  
Company (UK) Limited                                Order                      
                                                                               
Folksam Holdings (UK) Limited         15/03/2002    Liquidation    15/08/2002  
                                                                               

 

There are no further matters to disclose concerning Mr Holmström, in accordance
with Schedule 2 of the AIM Rules.

 

 

For further enquiries:

 

Tim Pearson, Group Finance Director                    
                                                       
Densitron Technologies plc          Tel:  [phone]
                                                       
                                                       
                                                       
John Wakefield / Simon Moynagh                         
                                                       
Blue Oar Securities Plc             Tel:  [phone]
                                                       

 

 



END