19th Jan 2016 11:00
Environmental Recycling Technologies plc
Resignation of Director
Environmental Recycling Technologies plc ("ENRT") announces that Lee Clayton, Managing Director, has resigned as a director of the Company with immediate effect in order to enable him to negotiate a significant new licence on behalf of a potential US licencee. As it is expected this will require the establishment of a new company involving Mr Clayton, the board of ENRT has formed the view that Mr Clayton is conflicted and therefore has accepted his resignation.
Lee Clayton was initially appointed as a non-executive director in January 2012, subsequently becoming Chief Operating Officer with effect from 28 August 2012 and has been Managing Director from 31 July 2013.
The Company also announces that it is in discussions which, if completed successfully, would result in the acquisition of a business operating in a complementary sector.
For further information:
Environmental Recycling Technologies plc | www.ertplc.com |
Michael Rowan, Chairman | Telephone: +44 (0) 845 071 1394 |
WH Ireland Limited | |
John Wakefield, Ed Allsopp | Telephone: +44 (0) 117 945 3470 |
Kreab Gavin Anderson | |
Robert Speed | Telephone: +44 (0) 20 7074 1800 |
Notes to editors:
Environmental Recycling Technologies plc (ERT) is a leading developer of innovative technologies specifically focussing on plastic waste recycling. The company holds the worldwide intellectual property rights to the Powder Impression Moulding (PIM) Process.
For more information about Environmental Recycling Technologies plc please visit www.ertplc.com
Related Shares:
ENRT.L