Bion PLC Senior Management Appointments (4653S)

TIDMBION

RNS Number : 4653S

Bion PLC

09 July 2020

9 July 2020

BiON plc

("BiON" or "the Company")

Senior Management Appointments

BiON (AIM: BION), one of Malaysia's most established environmental engineering and renewable energy solutions providers, is pleased to announce the following senior management appointments with immediate effect.

Syed Nazim bin Syed Faisal, Chief Executive Officer

Mr. Syed Nazim bin Syed Faisal has been appointed as the Chief Executive Officer ("CEO") of the Company. Syed Nazim joined the Company as Finance Director and an Executive Director on 25 September 2018 and assumed the role of acting CEO on 31 January 2020 following the departure of his predecessor. Alongside his commitments to the Company, Syed Nazim was the Group Chief Financial Officer of Serba Dinamik Group ("Serba"), an international energy services group and a controlling shareholder of the Company. Earlier this month, Syed Nazim stepped down from his position as Group Chief Financial Officer of Serba to enable him to dedicate his time to being CEO of BiON. Syed Nazim remains an Executive Director of Serba.

Fakrizzaki Ghazali, Chief Financial Officer

Mr. Fakrizzaki Ghazali, who brings over 17 years' capital markets experience with a focus on investment advisory, fund management and credit analytics, has been appointed as the Chief Financial Officer ("CFO") of the Company. Following the departure of the previous CFO at the end of October 2019, this role had been performed by Syed Nazim, with support from the Company's Financial Controller. Prior to joining BiON, Fakrizzaki's positions have included Head of Fixed Income at SEDCO Capital, a global asset management firm providing Shariah-compliant investment opportunities primarily in Saudi Arabia; Credit Strategist at RHB Investment Bank, the largest investment bank in Malaysia by assets; as well as roles at CIMB Private Bank and Malayan Banking Berhad's asset management arm. Fakrizzaki, who is a certified public accountant of Malaysia, is not being appointed to the Board of Directors at this time.

Halian Fadzli Shah, Chief Administrative Officer

Mr. Halian Fadzli Shah has been appointed as the Chief Administrative Officer ("CAO") of the Company, with responsibility for managing day-to-day operations including sales, marketing and human resources. Halian previously spent over 10 years as Legal Counsel at PETRONAS, a Malaysian oil and gas company that is one of the largest corporations in the world. During this time, he advised on various activities such as dispute resolution, procurement, upstream and downstream operations, including acting as Head of Legal for PETRONAS' Vietnamese subsidiary in Ho Chi Minh City. Halian also served in the office of the former Minister of Youth and Sports Malaysia as a Special Functions Officer. Halian, a qualified lawyer who holds a Master of Philosophy in Environmental Policy from University of Cambridge and a Post-Graduate Diploma in Sustainable Urban Development from University of Oxford, is not being appointed to the Board of Directors at this time.

Dato' Dr. Ir. Ts. Mohd. Abdul Karim Abdullah, Chairman of BiON, said:

"We are very pleased to appoint Syed Nazim as the CEO of BiON. Since he joined the Company, he has been instrumental in resetting the strategy and enabling the business to return to growth. We are also thrilled to welcome Fakrizzaki and Halian to BiON, who both bring significant business experience of the highest calibre. With Syed Nazim at the helm and aided by his new counterparts, they form an outstanding senior management team. With their skills and experience, combined with our solid foundations in environmental engineering, we are well positioned to target the substantial opportunities in the renewable energy market in Malaysia to enable BiON to achieve sustained growth and advance to the next stage of our development. We are extremely excited for the future and look forward to reporting on our progress."

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No.596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Enquiries:

BiON plc

Syed Nazim bin Syed Faisal, CEO [phone]

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish, Felicity Geidt [phone]

Optiva Securities Limited (Broker)

Vishal Balasingham [phone]

Luther Pendragon (Financial PR Adviser)

Claire Norbury [phone]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 09, 2020 02:00 ET (06:00 GMT)