6th Jun 2005 07:00
Sarantel Group PLC06 June 2005 Embargoed until 7:00 6 June 2005 Sarantel Group PLC ("Sarantel" or "the Group") John Uttley appointed Non-Executive Director Sarantel, the leading manufacturer of revolutionary filtering antennas forwireless devices which began trading on AIM on 2 March 2005, is pleased toannounce the appointment of John Uttley as Non-Executive Director and Chairmanof the Audit Committee, with immediate effect. Mr Uttley, aged 60, is currently Chairman of First Security Group Ltd, MisysGroup Pension Trustees and Templecare Ltd, and is a Non-Executive Director onthe Board of Newtel Holdings, a Jersey/Guernsey telecoms company. John has held numerous roles as Chairman, Non-Executive Director and FinanceDirector over the years, in a range of small to large corporations, fromstart-ups to established listed companies. He has served as Non-ExecutiveDirector and Chairman of the Risk and Audit Committees at Misys IndependentFinancial Advisory Services, which became Sesame plc, Non-Executive Director ofGlasgow Prestwick International Airport, and an Advisory Board Member ofStrategic Partnership. John was Chairman of Stentor Communications plc, the AIMlisted Irish telecoms group, which was later sold for £40m, at a fourfoldprofit. He was Finance Director for seven years at National Grid Group, wherebyhis responsibilities included Company Secretary, Public Affairs, InformationSystems, Procurement and Chairmanship of the Pumped Storage and Interconnectionsbusinesses, as well as his financial responsibilities. Between 1993-7 he wasNon-Executive Director of Energis plc and also Chairman of Electricity PoolFunds Administration Ltd. From 1990-7 Mr Uttley was Chairman of National GridPension Trustees, Project Director for Electricity Settlements System from1998-90 and Finance Director of Central Electricity Generating Board from1984-90. Save as disclosed above, there are no further disclosures to be made inaccordance with Rule 15 and Schedule Two (f) of the AIM Rules. Commenting on the appointment, David Wither, Chief Executive Officer, said: "The appointment of John is in line with our intention stated at the time of ourAIM IPO in March 2005, to strengthen the Board with the appointment of a furtherNon-Executive Director. "John brings with him a wealth of experience in advisory roles in a range ofcompanies, and thus his public company experience, in-depth business andstrategic capabilities coupled with his sector knowledge, will be invaluable tothe Group as we progress our growth plans." For further information please contact: Sarantel Group PLC www.sarantel.comDavid Wither, CEO/Sitkow Yeung, CFO 01933 670560 Smithfield 020 7360 4900Sara Musgrave / Sarah Richardson Pictures are available for the media to view and download fromwww.vismedia.co.uk Notes to Editors: About Sarantel Sarantel designs, manufactures and sells patented, ceramic, filtering antennasfor use in portable wireless devices such as Personal Digital Assistants (PDAs),laptops and Third Generation (3G) mobile devices. Its current focus is onproducing antennas for the Global Positioning Satellite (GPS) market which allowa clearer signal than conventional antennas whilst reducing the amount of energyabsorbed by the body by approximately 90 per cent. The antennas simplify systemdesign, thus allowing design standardisation and reduced time to market and costfor manufacturers. As well as GPS, Sarantel's antenna technology is capable of servicing multipleemerging high volume markets such as Wi-Fi, 3G, Satellite Radio and Bluetooth.These markets are expected to be key in the future success of mobile networkoperators and device manufacturers. Sarantel's antennas significantly improvethe performance of wireless systems by increasing the range and effectivebandwidth. Sarantel is planning to commence high volume delivery of its antennasinto the satellite radio market within the next 12 months. Sarantel listed on AIM, a market operated by the London Stock Exchange, on 2ndMarch 2005 at an issue price of 82p. Sarantel is included in the IT Hardwaresector (93) within the Telecommunications equipment sub-sector (938) and has aRIC code of SLG.L This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
UK Oil & Gas