15th Jan 2014 07:00
Environmental Recycling Technologies plc
Appointment of Non-Executive Directors
Environmental Recycling Technologies plc (AIM: ENRT), the patent rights holder to the Powder Impression Moulding ("PIM") process which is capable of converting mixed waste plastics into commercially viable products, is pleased to announce that it has appointed Jeremy Allen and Divyash Patel as Non-Executive Directors with immediate effect.
Mr Allen, aged 51, is a highly regarded equity market professional with 21 years of experience working in the City, including 19 with investment bank Dresdner Kleinwort.
As former Global Head of Dresdner Kleinwort's Equity Research Department, and a Board Member of its Institutional Equity Division, Jeremy brings a wealth of knowledge to the ERT board.
His current and previous Directorships are as follows:
New Hill Limited July 2010 - Current
Dresdner Kleinwort Securities Limited April 1994 - April 2007
Mr Patel, aged 45, is a commercial consultant who advises on and negotiates contracts for companies with innovative environmental technologies for use in Asia.
He has no other Directorships.
This information is given in accordance with the requirements of paragraph (g) of Schedule Two AiM Rules for Companies.
Commenting on the appointments Lee Clayton, Managing Director, said: "The appointment of Jeremy and Divyash marks a significant strengthening of our ranks. They both bring invaluable experience across a number of fields and will be great assets to the Company as we continue to commercialise our technology".
For further information:
Environmental Recycling Technologies plc
Ken Brooks (Non-Executive Chairman)
Lee Clayton (Managing Director) 01993 779 468
W H Ireland
John Wakefield 0117 945 3470
Kreab Gavin Anderson
Robert Speed/Ross Gillam 020 7074 1800
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ENRT.L