12th Oct 2015 15:00
12 October 2015
Bagir Group Ltd.
("Bagir" or the "Company")
Appointment of Non-Executive Director
Further to the Company's announcement of 25 September 2015, the Company has received further advice that a shareholder resolution is not required, under Israeli law, for Donald Stewart to be appointed to the board of the Company. The Company is therefore, pleased to announce that Donald Stewart has been appointed as an Independent Non-Executive Director, with immediate effect.
Donald John Stewart, aged 52, is an experienced corporate executive with substantial experience in small and mid-sized quoted companies. In April 2013 Donald joined the board of Progility Plc (formerly ILX Group Plc), and was involved in the implementation of its growth strategy, taking it from a £17m turnover business with around 80 employees to a £60m turnover business with nearly 700 employees in the UK, Middle East, India and Australia by 2015.
Prior to Progility Plc, Donald was a corporate partner with three different UK law firms and has a wealth of experience in corporate finance, mergers and acquisitions and related corporate, insolvency and regulatory issues. Donald is a director (and past Chairman) of the Quoted Companies Alliance, the UK not-for-profit organisation dedicated to promoting the cause of smaller quoted companies. Donald has published extensively on matters affecting SME financing and regulatory developments in publications as diverse as the Financial Times, Bloomberg Law Reports, Management Today and the International Financial Law Review.
Tessa Laws, Non-Executive Chairman of Bagir, said:
"We are delighted that Donald is joining the Board as an Independent Non-Executive Director. His broad industry experience coupled with his legal and corporate finance background will be invaluable to the Company as we continue on our Recovery Plan to focus our business on higher value added activities with better returns."
For further information, please contact:
Bagir Group Ltd. Danny Taragan, Chief Executive Officer Udi Cohen, Chief Financial Officer
| +972-8-687-3917 |
N+1 Singer Nic Hellyer Alex Wright James Maxwell
| +44 (0) 20 7496 3000 |
Additional information:
The following additional information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies.
Mr. Donald John Stewart holds or has held in the past 5 years the following directorships and partnerships:
Current | Former |
Ruscombe Management Services Limited Kepstorn Solicitors - Consultant The Quoted Companies Alliance Engines of Growth Limited Feis London | Faegre Baker Daniels LLP (Solicitors) - Partner Ludgate Nominees Limited Ludgate Secretarial Services Limited Cursitor Nominees Limited Cursitor Secretarial Services Limited Progility Plc Starkstrom Limited Starkstrom Group Limited TFPL Limited Woodspeen Training Limited Corporate Training Solutions Limited CTG Exam Training Limited The Corporate Training Group Limited Progility Consulting Limited Sue Hill Recruitment & Services Limited Progility Training Limited ILX Group Plc Progility Health Limited Progility Finco Limited Progility Overseas Limited Progility (Mauritius) Limited Progility DMCC
|
No further disclosure is required under Paragraph (g) to Schedule Two of the AIM Rules with respect to Donald Stewart.
Related Shares:
BAGR.L