TEKMAR GROUP PLC
("Tekmar Group", the "Group" or the "Company")
Non-Executive Director Change
Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, is pleased to announce the appointment of David Wilkinson as a new independent Non-executive Director. David is replacing Chris Gill, who has notified the Board of his intention to stand down having served as a Non-executive Director and Chair of the Audit Committee since the IPO of the Company. The effective date of Chris' resignation is today, with David assuming the roles of Chair of the Audit Committee and member of the Remuneration Committee and Nomination Committee.
David is a Fellow of the Institute of Chartered Accountants having spent over 40 years with Deloitte including approximately 30 years as Partner. His responsibilities as Partner covered both corporate finance advisory and audit for large private companies and PLCs across a diverse range of industries, including the technology, manufacturing and engineering sectors. Following retirement from Deloitte in 2015, David has assumed a portfolio of non-executive director roles, including supporting manufacturing and engineering businesses to accelerate growth through managing change and realising the value of technology and IP led products and services.
Julian Brown, Chairman of Tekmar said, "On behalf of the Board, I would like to thank Chris for his dedicated service to the Company and the Board. Tekmar has benefitted enormously from the depth and breadth of his counsel through and since the IPO and we wish him the very best for the future. We are delighted to welcome David to Tekmar. He brings highly complementary skills, experience and expertise to the Board, not least his audit expertise, but also his broader business and leadership experience, and he will bring valuable perspective and advice to support Tekmar in delivering on the strategic plan."
The following disclosures are required regarding Mr Wilkinson's appointment pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies ("AIM Rules"):
Full name: David Philip Wilkinson
· Merit Group Services Limited
· Merit Holdings Limited
· Merit Health Limited
· Merit Energy Limited
· Merit Renewables Limited
· Merit Zero Carbon Limited
· Merit BioPharma Limited
· Merit P-Air Limited
· Merit Li-Ion Limited
· Merit Semiconductor Limited
· Merit Design and Build Limited
· Merit Research and Development Limited
· Merit Life Sciences Limited
· Merit Aerospace Limited
· Merit Controls Limited
· Gull Corporation Limited
· Thought Consultancy Limited
· Wilkie Consulting Services Limited
Previous directorships in the last five years:
· Earthbalance 2000
Save as set out above, there is no further information to be disclosed in respect of Mr David Wilkinson under Schedule 2(g) of the AIM Rules.
Tekmar Group plc
Alasdair MacDonald, CEO
Derek Bulmer, CFO
+44 (0)1325 349 050
Singer Capital Markets (Nominated Adviser and Joint Broker)
Rick Thompson / Rachel Hayes / Amanda Gray
+44 (0)20 7496 3000
Berenberg (Joint Broker)
Chris Bowman / Ben Wright / Ciaran Walsh
+44 (0)20 3207 7800
Bamburgh Capital Limited (Financial PR & Investor Relations)
+44 (0) 191 249 744
The person responsible for arranging the release of this announcement on behalf of the Company is Derek Bulmer, Chief Financial Officer.
About Tekmar Group plc - www.tekmargroup.com
Tekmar Group plc (LON:TGP) collaborates with its partners to deliver robust and sustainable engineering led solutions that enable the world's energy transition.
Through our Offshore Energy and Marine Civils Divisions we provide a range of engineering services and technologies to support and protect offshore wind farms and other offshore energy assets and marine infrastructure. With near 40 years of experience, we optimise and de-risk projects, solve customers' engineering challenges, improve safety and lower project costs. Our capabilities include geotechnical design and analysis, simulation and engineering analysis, bespoke equipment design and build, subsea protection technology and subsea stability technology.
We have a clear strategy focused on strengthening Tekmar's value proposition as an engineering solutions-led business which offers integrated and differentiated technology, services and products to our global customer base.
Headquartered in Darlington, UK, Tekmar Group has an extensive global reach with offices, manufacturing facilities, strategic supply partnerships and representation in 18 locations across Europe, Africa, the Middle East, Asia Pacific and North America.
For more information visit: www.tekmargroup.co.uk.
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