Sabien Technology Group PLC Board Changes (3634N)

TIDMSNT

RNS Number : 3634N

Sabien Technology Group PLC

24 September 2019

For immediate release

24 September 2019

Sabien Technology Group plc

("Sabien" or the "Company")

Board Changes

The Board of Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, an energy efficiency technology, announces that it has appointed, with immediate effect Cédriane de Boucaud Truell and Marco Nijhof as Non-Executive Directors. As previously announced on 2 September 2019, the Company had entered into a relationship and lock-in agreement ("Relationship Agreement") with the Truell Intergenerational Family Limited Partnership Incorporated (TIG), pursuant to which TIG currently has the right to appoint two directors to the Board. Cédriane de Boucaud Truell and Marco Nijhof have been nominated by TIG.

Richard Parris, Chairman of Sabien, commented:

"The appointments of Cédriane and Marco are key to the next stage of Sabien's development as a public company. They both bring significant operational, commercial and corporate finance expertise to the Sabien Board and their assistance and support are important to the Company's future prospects."

Further disclosures on the new directors

Further disclosures on Cédriane de Boucaud Truell and Marco Nijhof as required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies are as follows.

Cédriane Marie de Boucaud Truell (née de Boucaud), aged 50, is a founder and senior partner of Disruptive Capital. She holds an MA in Economics and a BA in Economics & Political Science, both from Cornell University (USA) and worked subsequently until 1999 as a restructuring and turnaround specialist with PriceWaterhouse in New York and Moscow. Cédriane then worked with a portfolio of early-stage tech companies with a venture capital firm, before raising a technology fund and spinning it out to what became Disruptive Capital Finance in 2009.

Cédriane de Boucaud Truell has held the following directorships and/or partnerships in the past five years:

 
 Current directorships and/or         Past directorships and/or partnerships 
  partnerships 
-----------------------------------  --------------------------------------- 
 Disruptive Capital Investments       Ptarmigan SA 
  Limited 
 Disruptive Capital Investments       Ptarmigan Destinations Holdings 
  Limited II                           SA 
 Disruptive Capital GP Limited        Curzon Park Capital 
 Chinstrap GP Limited (in voluntary   STV Nominee Limited 
  liquidation) 
 Fiordland GP Limited                 Disruptive Capital Limited 
 Disruptive Capital Renewable         STV GP Limited 
  Energy Holding SA 
 The Truell Conservation Foundation   Flexible Securities Limited 
 Heidi Bond SA                        Tantalum Corporation Limited 
                                      Tantalum Corporation Acquisitions 
                                       Limited 
                                      Pay.Car Limited 
                                      Niobium Corporation Limited 
                                      Tantalum Innovations Limited 
                                      Tantalum Founders Limited 
                                      Disruptive Capital Finance LLP 
                                      Tracker Network (UK) Limited 
                                      Sustainable Technology Partnership 
                                       Founder Partner LLP 
-----------------------------------  --------------------------------------- 
 

Cédriane de Boucaud Truell holds no ordinary shares in the Company.

Cédriane de Boucaud Truell was a former director of Morgan Everett Limited until February 2012. Morgan Everett, an investee company of the Sustainable Technology Fund, entered into administration in July 2009, and subsequently a creditors voluntary liquidation in February 2012, with an overall deficit to creditors of approximately GBP1.5 million.

There is no further information on Cédriane de Boucaud Truell required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

Marco Peter Nijhof, aged 59, has been a senior executive within the international five-star luxury retail, hotel and hospitality industry, including Jumeirah Hotels in Dubai, Hyatt Hotels & Resorts, Marriott and The Bicester Village Shopping Collection.

Marco Nijhof has held the following directorships and/or partnerships in the past five years:

 
 Current directorships and/or   Past directorships and/or partnerships 
  partnerships 
-----------------------------  --------------------------------------- 
 Unfold (UK) Limited            Yoo Hotels International (UK) 
                                 LLP 
 Unfold EU BV                   Yoo Hotels Limited 
 Resources For Leisure Assets   Aqua Boracay By Yoo Limited 
                                Vikare Developments (Tuscany) 
                                 Limited (SC 501694) 
                                Vikare General Partner Limited 
                                Vikare Investments (Tuscany) 
                                 Limited 
                                Vikare Developments (Tuscany) 
                                 Limited (SC 452360) 
-----------------------------  --------------------------------------- 
 

Marco Nijhof holds no ordinary shares in the Company. There is no further information on Marco Nijhof required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

Special note concerning the Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). The person who arranged for the release of this announcement on behalf of the Company was Richard Parris, Chairman and Director.

For further information:

 
 Sabien Technology Group plc 
  Richard Parris, Chairman                       [phone] 
  Cédriane de Boucaud Truell                 3700 
 Beaumont Cornish Limited (Nominated Advisor) 
  Michael Cornish and Roland Cornish             [phone] 
  www.beaumontcornish.com                         3396 
 Peterhouse Capital Limited (Broker)             [phone] 
  Duncan Vasey and Lucy Williams                  0930 
 

ENDS

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END

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September 24, 2019 02:01 ET (06:01 GMT)