10th Mar 2014 11:04
LONDON (Alliance News) - Litebulb Group Ltd Monday said it has appointed Michael Hough as its non-executive chairman with immediate effect.
Hough is co-founder and former Managing Director of private equity company Altium Capital, which was previously known as Apax Partners. He also co-founded an other private equity and fund management firms, and has chaired several companies.
"Michael has huge experience in providing advice to rapidly growing small cap companies and helping these businesses maximise value for their shareholders. Michael's input to our business will be invaluable and his experience in fast growth emerging markets will help us as we expand our footprint internationally," Litebulb Chief Executive Simon McGivern said in a statement.
Hough already holds 50 million Litebulb shares.
Litebulb shares were down 1.5% at 1.01 pence Monday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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