NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
zamano plc ("zamano" or the "Company")
ISE: ZAZ LSE: ZMNO
The Board is delighted to announce the appointment of Fergal Scully as a non-executive director of zamano, effective immediately. Mr. Scully will replace Peter Furlong on the Board who has elected to resign as a director and from the Board with immediate effect, in order to devote more time to his other business interests.
Mr. Furlong has been a director of the company since 29 February 2012. John Rockett, non-executive chairman of zamano commented that "Peter has been one of the Company's most active and committed directors since joining the Board. He has brought considerable energy to the development of the Company's longer term strategy as well as providing strong assistance to the wider Board and management team. It is with some regret that we accept Peter's resignation and, on behalf of the whole Board, I would like to thank Peter for his contributions and dedication".
Mr. Scully is currently Managing Director of Heritage Capital Limited, a privately owned investment business and CFO of Investi, an Irish property investment company. He has extensive experience in portfolio management and corporate finance having worked with Barclays Capital, Deephaven Capital Management, Merrill Lynch, Goodbody and Pageant Holdings over the past 18 years. Mr. Scully holds a BComm and MBS in Financial Services from UCD Dublin and is also a Chartered Tax Adviser in Ireland.
Commenting on the appointment, Ross Conlon, CEO of zamano, said: "We welcome Fergal to the Board of zamano. His extensive experience further strengthens the Company and will be invaluable as we move towards realising the potential of the Company."
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies. Mr. Scully, aged 41 years, has been a director of the following companies during the five years preceding the date of this announcement:
Heritage Capital Ltd
Strategic Asset Holdings Ltd
Waterloo Asset Management Ltd
Mr. Scully holds no ordinary shares in the Company.
For further information please contact:
Ross Conlon, Chief Executive Officer
Tel: + 353 1 554 7313
Michael Connolly, Chief Financial Officer
Tel: +353 1 554 7261
Investec Corporate Finance
Shane Lawlor/Conor Murtagh
Tel: + 353 1 4210000
Cenkos Securities (Nominated Adviser & Broker)
Derrick Lee/Neil McDonald
Tel: + 44 (0) 131 220 6939
MCOMM Communications Consultants
Tel: +353 1 661 9428
Mob: +353 87 241 4751