Appointment
09/07/2009 2:09pm
UK Regulatory
TIDMPANC
RNS Number : 4203V
Panceltica Holdings Limited
09 July 2009
+--------------------------------------+--------------------------------------+
| For immediate release | 09 July 2009 |
+--------------------------------------+--------------------------------------+
Panceltica Holdings Limited (the "Company")
Appointment of Directors and Grant of Options
The Company announces the appointment of Mr Allan Quan as finance director and
Mr Robert Smith as an Executive Director.
Previously Allan Quan was appointed acting Chief Financial Officer of the
Company on 24 April 2009. Allan Quan is a certified public accountant with
extensive experience in the construction industry. Previously Robert Smith was
appointed as the Senior Vice President of Operations on 24 April 2009. Robert
Smith has over 20 years of construction industry experience.
A Separate announcement pursuant to schedule 2 (g) of the AIM rules for
Companies will be made regarding the appointments.
Additionally the Company announces the granting of the following share options
were granted on 02 July 2009 under the Company's Share Option Scheme:
David Ball 750,000
Allan Quan 500,000
Robert Smith 350,000
Company's Share Option Scheme all the above options to vest on the third
anniversary of grant and will be exercisable for 10 years thereafter, at which
point they shall be exercisable at a price of 2.25p per share.
+----------------------------------------------------+-------------------------+
| David Ball, CEO Patrick Mitchell, Company | Tel: +974 431 1751 |
| Secretary | |
| | |
+----------------------------------------------------+-------------------------+
| Blomfield Corporate Finance Limited, Nominated | Tel: +44 (0)207 489 |
| Adviser | 4500 |
| Toby Howell / Peter Trevelyan-Clark | |
| | |
+----------------------------------------------------+-------------------------+
| Religare Hichens, Harrison & Co. plc, Broker | Tel: +44 (0)20 7382 |
| Daniel Briggs / Nicholas Malins-Smith | 4450 |
| | |
+----------------------------------------------------+-------------------------+
| Buchanan Communications | Tel: +44 (0) 20 7466 |
| Mark Edwards / Jeremy Garcia | 5000 |
| | |
+----------------------------------------------------+-------------------------+
| Computershare, Registrars | Tel: +44 1534 825230 |
| | |
+----------------------------------------------------+-------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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