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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mincon Group Plc | LSE:MCON | London | Ordinary Share | IE00BD64C665 | ORD EUR0.01 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 45.00 | 42.00 | 48.00 | 45.00 | 45.00 | 45.00 | 20,000 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Mng Machy, Eq, Ex Oil Field | 156.93M | 7.47M | 0.0352 | 12.78 | 95.61M |
TIDMMCON
RNS Number : 9016V
Mincon Group Plc
06 December 2019
6 December 2019
MINCON GROUP PLC
("Mincon" or the "Company")
Board Changes
Mincon (Euronext:MIO AIM:MCON), the Irish engineering group specialising in the design, manufacture, sale and servicing of rock drilling tools and associated products, announces the following changes to the Board.
Appointment of Paul Lynch as Non-Executive Director
The Company is pleased to announce the appointment of Paul Lynch as a non-executive director of the Company with immediate effect.
Mr. Lynch currently acts as strategic adviser for a number of companies having previously served as the chief financial officer of Applegreen plc, a quoted petrol forecourt retailer in the Republic of Ireland and the United Kingdom, between 2014 and 2017. Mr Lynch qualified as a chartered accountant with Arthur Andersen in 1990, after which followed a wide-ranging career in corporate finance and senior management across a number of industry sectors. He was a director of Heiton Group plc for 7 years, from 2000 to 2007, initially as head of corporate development and subsequently as Managing Director of its Retail Division. Mr Lynch has served as chief executive of large-scale businesses in the retail, manufacturing, waste management and facility services sectors and he has led and concluded over 20 M&A transactions across diverse industries and jurisdictions.
Resignation of Jussi Rautiainen as Non-Executive Director
The Company also announces that Jussi Rautiainen is to step down as a non-executive director with immediate effect. Jussi will remain with the Company and take up a new executive management role as Regional Manager for the EMEA region.
Commenting on the changes, Hugh McCullough, Chairman of Mincon said: "On behalf of the Board, I am pleased to welcome Paul to Mincon. Paul brings strong financial experience and extensive knowledge on corporate development. Paul will be a valuable adviser and contributor to both the Board and the Mincon business and we all very much look forward to working with him. I would also like to wish Jussi well in his new role as Regional Manager for the Company's EMEA operations. The Board has benefitted hugely from his extensive knowledge of the mining industry during his time as a Non-Executive Director and we believe his experience will be of great value as the Company focuses on the continued development of its EMEA operations."
For further information, please contact: Mincon Group plc Joe Purcell, Chief Executive Tel: + 353 (61) 361 099 Officer Davy Corporate Finance (Nominated Adviser and Euronext Growth Advisor) Anthony Farrell Tel: +353 (1) 679 6363 Daragh O'Reilly
ADDITIONAL INFORMATION:
Mr Paul William Lynch (age 52) does not currently own any Ordinary Shares of Mincon Group plc, and, other than as set out below, there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM and Euronext Growth Rules in respect of Mr Lynch's appointment as a Non-Executive Director.
Mr Lynch is, or has been, a director of the following companies during the previous five years:
Current Directorships: Previous Directorships: PL Active Management Applegreen plc Limited Core Industrial REIT plc Applegreen Service Areas NI Limited Petrogas Group NI Limited Petrogas Group UK Limited Applegreen BK (NI) Limited Petrogas Group (Western) Limited Applegreen BK Limited Applegreen Cafe Limited Applegreen Service Areas NI Limited Applegreen Service Areas Limited Petrogas Brands Limited Petrogas Facilities Limited Petrogas Group Limited Petrogas Holdings Limited Petrogas International Limited
ENDS
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 rns@lseg.com or visit www.rns.com.
END
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December 06, 2019 02:00 ET (07:00 GMT)
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