23rd Mar 2016 07:00
23 March 2016
Eco City Vehicles PLC
("ECV" or the "Company")
Board Changes and Change of Adviser
The Company today announces the following changes to the board of directors (the "Board").
Clive Carver joins the Board as a Non-Executive Director with immediate effect. After qualifying as a chartered accountant with Coopers & Lybrand in 1986, Clive pursued a career as a corporate financier with Shire Trust, Kleinwort Benson, Price Waterhouse, Williams de Broe and Seymour Pierce, culminating in his role in 2006 as a founding Director and Head of Corporate Finance of finnCap, which he undertook until 2011. Clive is currently Chairman of three quoted companies and a non-executive director of Darwin Strategic Limited.
In addition, John Swingewood (Non-Executive Chairman) and Ran Oren (Non-Executive Director) have stepped down from the Board with immediate effect. The Company thanks both John and Ran for their significant contribution to the Company since their respective appointments.
The Company is also pleased to announce that finnCap Limited has been appointed as Nominated Adviser and Broker to ECV with immediate effect.
The Board continues to evaluate acquisition opportunities in line with the Company's investing policy, remains confident in the Company's ability to complete a transaction by 20 July 2016 and will update the market in due course.
The following information is disclosed in accordance with Schedule Two paragraph (g) of the AIM Rules for Companies:
Clive Nathan Carver, aged 55 years, has been a director or partner of the following companies during the five years preceding the date of this announcement:
Current | Within the past 5 years |
365Agile Group plc Roxi Petroleum plc Eargon Petroleum plc ELK Associates LLP ELK Corporate Services Limited Ascent Resources plc Ascent Resources d.o.o. Darwin Strategic Limited IAFYDS plc Fairfax Close Management Limited | Lochard Energy plc Zeus Petroleum plc XCAP Securities plc finnCap Limited fastjet plc |
There are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Enquiries:
Eco City Vehicles PLC
Charles Vivian, Non-Executive Director +44 20 7965 8149
MXC Capital Markets LLP (Financial Adviser)
Charlotte Stranner/Steven Zhang +44 20 7965 8149
finnCap Limited (Nomad and Broker)
Jonny Franklin-Adams/James Thompson +44 20 7220 0500
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