Appointment of New Directors
(Thomson Reuters ONE) - 22/01/10 METROELECTRIC PLC ("Metroelectric" or the "Company") APPOINTMENT OF NEW DIRECTORSMetroelectric plc, the PLUS listed investment company with a growing portfolioof environmentally friendly vehicles, is pleased to announce today theappointment of Mark Chapman to the board as a Non-Executive Director and PaulRewrie to the Board as an Executive Director with immediate effect.MARK CHAPMANMark Chapman, aged 57 years has been involved in investing in the Far East for15 years. In 1994 he won the Micropal Award as the Far East Fund Manager of theyear and in the same year his investment team at Chartfield InvestmentManagement Limited won the Micropal Smaller Company Award. From 1995 until 1999he was a Director of Powerhouse Resources Inc. which constructed andcommissioned a Power Station in Guandong Province China. In 1997 he was one ofthe founders of LMM Limited which, in October 2000 was reorganised andintroduced to AIM as Cyberchina Holdings plc, now CYC Holdings plc. In additionto his role as Investment Manager of CYC, Mark Chapman is a director of a numberof private and publicly quoted companies. He is also Chief Executive ofSinovation plc, a company in which CCM has an investment and which owns ultrasonic data input proprietary information sourced from China. Mark is currentlyChairman of China Wonder Limited, the first Chinese company admitted to AIM.Mark Chapman has held the following directorships during the past five years: Current Directorships / Past Directorships Partnerships China Wonder Ltd Community Assets Ltd Community properties Ltd Distinctive Hotels Ltd Distinctive Leisure plc China Capital Ltd Distinctive Leisure Properties Ltd Vincom Commodities plc. Distinctive Inns Ltd Textbet plc Khamthai Ltd Vertical Sports plc Medicals Direct Group Ltd Sinovation plc Powerhouse resources Inc. Tower Acquisitions Ltd Emerging Utilities Ltd Sandburg Foods Ltd Sonross plc Vault plc( formerly Oakhill Enterprises plc) The Sandwich Bank and Crust Company plc Ransat plc Sinovation(London)Ltd Xience Ltd Sweet China Ltd Crown Trent China Ltd Cathay Corporate Managers LtdMark Chapman was a Director of Britpower UK Ltd and its subsidiaries from1994-1995.These were project companies bidding for NFFO contracts. Following thefailure to be awarded any contracts the companies were wound up in November1995.There was a deficiency of £113,248.18Mark Chapman was a Director of Powerhouse Resources Inc when it was placed inLiquidation, there was a shortfall to creditors of (US)$1,846,720.96.Mark Chapman was a Director of the operating subsidiary of Powerhouse Resources,Emerging Utilities Ltd, this was subject to a creditors voluntary liquidation,there was a shortfall of £1 million.Mark Chapman was a Director of Distinctive Public Houses Ltd from October 1997to June 1999 when the company was sold to a third party. Distinctive PublicHouses Ltd subsequently went in compulsory liquidation in November 1999.Mark Chapman was a Director of Tom O'Hawk Toys Ltd from May 1994 to June 1996when he resigned. Tom O'Hawk Toys subsequently went into compulsory liquidationin April 1998Mark Chapman was a Director of Peak Minerals plc from January 1995 to July 1995when he resigned. Peak Minerals plc went into administrative receivership inFebruary 1996.Mark Chapman was a Director of Hammerhead Company Ltd which went into compulsoryliquidation in April 1989.There was a shortfall to creditors of £1 million.Mark Chapman was a Director of Crown Trent China Ltd which was subject of aCreditors voluntary liquidation in 2007. There was a shortfall of £300000.Mark Chapman was a Director of Ransat plc, which was subject of compulsoryliquidation in 2007. There was a shortfall of £3 millionMark Chapman was a Director of Cathay Corporate Managers Ltd which was subjectto a creditors liquidation in 2007, there was a shortfall of £200000.PAUL REWRIEPaul Rewrie, aged 48 years has been a Chartered Management Accountant for 20years. He formed Oxford and Cambridge Independent Advisers Limited in 1992 andsold it via trade sale in 2003. Paul has been a Finance Director and CompanySecretary for various companies including Peel Homes and Caspian Homes Limited.Paul has been involved in fundraising via private and public offerings and tradesales.Paul Rewrie, holds or has held the following directorships or has been a partnerin the following partnerships within the five years prior to the date of thisannouncement. Current Directorships / Partnerships Past Directorships Biostability (UK) Limited BGG Associates Limited Commercial Tyre Services Limited D R Studios Limited Sizzle Design Limited High Barn Limited Blueriver Property Development Limited Dot2shop Limited Paul Rewrie Limited OX & Cam Limited Asset Bridging & Funding Plc Cambridge Biostability Limited Commercial Tyre Solutions Limited Dot 2 Limited Alcon Informatics Limited Cambridge Energy Resources Limited Powabyke Acquisition Limited In-Solve PlcPaul Rewrie is a director of Deep Red Games Limited, which went into VoluntaryCreditors Liquidation on 10 February 2008.Mark Chapman is a Director and a shareholder of China Wonder Ltd which holds25,000,000 shares, representing 6.94% of the issued share capital ofMetroelectric.Paul Rewrie is a Director of In-Solve Plc which holds 12,500,000 shares,representing 3.47% of the issued share capital of Metroelectric.Following these appointments the Directors' total direct shareholding is11,225,000 shares representing 3.1% of the issued share capital of the Company.The Directors of the issuer accept responsibility for this announcement. ---ENDS---Enquiries:Metroelectric Plc Tel: 078 3018 2501Greg CollierRivington Street Corporate Finance Ltd Tel: 020 7562 3373Eran Zucker[HUG#1376145]
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Datum: 22.01.2010 - 08:01 Uhr
Sprache: Deutsch
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