Directorate Change (6316F)
19 Giugno 2012 - 8:00AM
UK Regulatory
TIDMHDD
RNS Number : 6316F
Hardide PLC
19 June 2012
Press Release 19 June 2012
Hardide plc
("Hardide" or "the Group")
Appointment of Non-Executive Director
Hardide plc (AIM:HDD), the provider of unique metal surface
engineering technology, is pleased to announce the appointment of
Andrew Richard Boyce (age 50) as Non-Executive Director of the
Group with effect from 18 June 2012.
Andrew Boyce represents a family shareholding with a 26.5%
interest in the Group's issued share capital: the family having
been an investor in Hardide plc since 2003. The Boyce family
shareholding comprises the aggregate interests in the Group of
Kentford Investments Limited, Boyce Investments Limited and Robert
G Boyce (together "the Boyce Family"). Andrew Boyce is an
experienced entrepreneur and investor, having established and
operated a number of successful businesses.
Since 1987, Andrew Boyce has been involved in the management and
growth of numerous family businesses. These encompass farming,
property and other commercial activities. After graduating in 1984
with a Diploma of Agriculture and Estate Management from the Royal
Agricultural College, Cirencester, Andrew worked in commercial
property sales and lettings, and development site appraisal and
acquisitions.
In view of the substantial shareholding that Andrew
Boycerepresentson behalf of the Boyce Family, a Relationship
Agreement has been executed between Hardide and the Boyce Family.
The principal terms of the agreement include that the Group is
capable of carrying on its business independently of the Boyce
Family and that transactions and relationships between the Group
and the Boyce Family shall be at arm's length and on a commercial
basis. The agreement terminates 30 days after the Boyce Family
cease to have any associates on the board of the Group.
Robert Goddard, Chairman of Hardide plc commented: "We are
extremely pleased that Andrew is joining the board. He brings a
great deal of relevant experience in growing small companies and as
a long-standing investor and supporter of Hardide, he understands
our business well. We look forward to his contribution."
The following further details are given in accordance with Rule
17 and Schedule 2 (g) of the AIM Rules for Companies:
Current directorships/partnerships:
Boyce AIM Limited Kentford Developments Limited
Boyce Equities Limited Kentford Investments Limited
Boyce Investment Group Limited Lodgeday Commercial Limited
Boyce Investments Limited Lodgeday Construction Limited
BPS Buildings Limited Lodgeday Properties Limited
BPS Equipment Limited Malton Golf Limited
BPS (Stumps Cross) Limited Mundford Poultry Limited
Curon Limited Noble Enterprises Limited
GAG 334 Limited Poultry Management Limited
GAG 335 Limited R G Boyce Limited
GAG 339 Limited R G Boyce Partnership
JS Newco 005 Ltd Rous Investments Limited
Previous directorships/partnerships in the past five years:
Investamber Limited Quron Holdings Limited
Kentford Properties Limited Ultracomposites Limited
Lodgeday Estates Limited Global Technologies Limited
Andrew Boyce was a non-executive director of Ultra Motor Limited
until it went into administration on 7 November 2011. On 2 May 2012
Ultra Motor Limited proceeded to a creditors voluntary liquidation.
The final financial position and any shortfall to creditors are not
yet known.
There is no other information required to be included in
accordance with Rule 17 and Schedule 2 (g) of the AIM Rules for
Companies.
Ends
For further information:
Hardide plc
Robert Goddard, Chairman Tel: +44 (0) 1869 353830
Jackie Robinson, Communications www.hardide.com
Manager
N+1 Brewin
Andrew Craig/Ben Wright Tel: +44 (0) 203 201 3916
www.nplus1brewin.com
Note to editors
Hardide Coatings
Hardide develops, manufactures and applies tungsten
carbide-based coatings to a wide range of engineering components.
The Group's patented technology is unique in that it combines
abrasion, erosion and corrosion resistant properties in one
coating. When applied to metal components, the technology is proven
to offer dramatic cost savings through reduced downtime and
extended part life. Customers include leading companies operating
in oil and gas exploration and production, valve and pumps
manufacturing, general engineering and aerospace.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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