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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Grafenia Plc | LSE:GRA | London | Ordinary Share | GB0009638130 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.75 | 10.00 | 11.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGRA
RNS Number : 5795E
Grafenia plc
31 October 2022
31 October 2022
Grafenia plc
("Grafenia", the "Group" or "Company")
Board Appointment
The Company is pleased to announce the appointment of Matthias Riechert to the Board as a Non-Executive Director with effect from 31 October 2022.
Matthias is a founder and Director of P&R Investment Management Limited ("P&R"), an investment advisory firm. Previously, Matthias worked in sales and trading at Citigroup Global Markets for nine years. He has an MBA from London Business School and Columbia Business School where he specialised in value investing.
P&R is acting as the mandated investment advisor to Axxion S.A., the alternative investment manager of the P&R Real Value fund. Axxion S.A. currently holds 5,634,919 ordinary shares in Grafenia plc in relation to the P&R Real Value fund , makes its own investment decisions in that regard and is independent of Mr Riechert.
Commenting on the appointment, Jan Mohr, Chairman of the Company said:
" I'm glad Matthias is joining our Board. His successful investing experience in public holding companies will be very beneficial to Grafenia."
Matthias Riechert said:
"I am delighted to join the Board of Grafenia and help the Company become a serial acquirer and a permanent home for great businesses and entrepreneurs. I hope to add value for Grafenia's team and shareholders by fostering a culture of trust, responsibility, lifelong learning and disciplined capital allocation. I look forward to many years of growth. "
Gavin Cockerill, Acting Chief Executive Officer of the Company commented:
" I'm very happy to have Matthias join our Board. He brings invaluable experience and knowledge that will help us drive the next part of Grafenia's journey. I'm excited and looking forward to working together."
The following information is disclosed pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies.
Matthias Siegfried Riechert, aged 49, has held the following directorships and/or partnerships in the past five years:
Current directorships and/or partnerships
-- Maxigendance Limited -- P&R Investment Management Limited -- Polleit & Riechert Investment Management LLP
There is no further information on Matthias Riechert required to be disclosed under Schedule 2(g) of the AIM Rules for Companies .
For further information:
Grafenia plc Gavin Cockerill (Acting Chief Executive Officer) 07968 510 662 Allenby Capital Limited (Nominated Adviser and broker) David Hart / Piers Shimwell 0203 328 5656
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END
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(END) Dow Jones Newswires
October 31, 2022 03:00 ET (07:00 GMT)
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