23rd Oct 2007 14:58
Densitron Technologies plc Cancellation of Share Premium Account and Directorate Change
The Directors of Densitron Technologies plc are pleased to report, that following approval by the Shareholders at the Annual General Meeting on 7 August 2007, the Company has now received an Order of Court approving the Cancellation of its Share Premium Account.
The Directors are also delighted to announce the appointment of Mr Jan Gustav Lennart Holmstrƒ¶m as a non-executive director of the Company with immediate effect. Mr Holmstrƒ¶m is appointed under the terms of the loan from the Company's largest shareholder, Fƒ¶rvaltnings AB Bronsstƒ¤det, under which the Company has agreed to appoint a nominated non-executive director. Mr Holmstrom is 54 years old and the Managing Director of Fƒ¶rvaltnings AB Browallia, a subsidiary of Fƒ¶rvaltnings AB Bronsstƒ¤det. He is an insurance professional and brings a wealth of experience to the Company having worked for a number of years in the Far East.
Mr HolmstrĦm's current directorships are FĦrvaltnings AB Browallia, Browallia Holdings Limited and Somerset AB.
As required by Schedule 2 of the AIM Rules, Mr HolmstrĦm has been a director ofthe following companies who have been placed into a procedure under theInsolvency Act 1986: Name Date of Insolvency Date of resignation procedure procedure Folksam International Insurance 15/03/2002 Administration 19/07/2002 Company (UK) Limited Order Folksam Holdings (UK) Limited 15/03/2002 Liquidation 15/08/2002
There are no further matters to disclose concerning Mr HolmstrĦm, in accordance with Schedule 2 of the AIM Rules.
For further enquiries: Tim Pearson, Group Finance Director Densitron Technologies plc Tel: 0207 648 4200 John Wakefield / Simon Moynagh Blue Oar Securities Plc Tel: 0117 933 0020
DENSITRON TECHNOLOGIES PLCRelated Shares:
DSN.L