Board Changes

Investor news

Published: 24 September

Type: Investor news

Year: 2019

Sabien Technology Group plc

("Sabien" or the "Company")

Board Changes

The Board of Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, an energy efficiency technology, announces that it has appointed, with immediate effect Cédriane de Boucaud Truell and Marco Nijhof as Non-Executive Directors. As previously announced on 2 September 2019, the Company had entered into a relationship and lock-in agreement ("Relationship Agreement") with the Truell Intergenerational Family Limited Partnership Incorporated (TIG), pursuant to which TIG currently has the right to appoint two directors to the Board. Cédriane de Boucaud Truell and Marco Nijhof have been nominated by TIG.

 

Richard Parris , Chairman of Sabien, commented:

 

"The appointments of Cédriane and Marco are key to the next stage of Sabien's development as a public company. They both bring significant operational, commercial and corporate finance expertise to the Sabien Board and their assistance and support are important to the Company's future prospects."

 

Further disclosures on the new directors

 

Further disclosures on Cédriane de Boucaud Truell and Marco Nijhof as required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies are as follows.

 

Cédriane  Marie de Boucaud Truell (née de Boucaud), aged 50, is a founder and senior partner of Disruptive Capital. She holds an MA in Economics and a BA in Economics & Political Science, both from Cornell University (USA) and worked subsequently until 1999 as a restructuring and turnaround specialist with PriceWaterhouse in New York and Moscow. Cédriane then worked with a portfolio of early-stage tech companies with a venture capital firm, before raising a technology fund and spinning it out to what became Disruptive Capital Finance in 2009.

 

Cédriane de Boucaud Truell  has held the following directorships and/or partnerships in the past five years:

 

Current directorships and/or partnerships

Past directorships and/or partnerships

Disruptive Capital Investments Limited

Ptarmigan SA

Disruptive Capital Investments Limited II

Ptarmigan Destinations Holdings SA

Disruptive Capital GP Limited

Curzon Park Capital

Chinstrap GP Limited (in voluntary liquidation)

STV Nominee Limited

Fiordland GP Limited

Disruptive Capital Limited

Disruptive Capital Renewable Energy Holding SA

STV GP Limited

The Truell Conservation Foundation

Flexible Securities Limited

Heidi Bond SA

Tantalum Corporation Limited

 

Tantalum Corporation Acquisitions Limited

 

Pay.Car Limited

 

Niobium Corporation Limited

 

Tantalum Innovations Limited

 

Tantalum Founders Limited

 

Disruptive Capital Finance LLP

 

Tracker Network (UK) Limited

 

Sustainable Technology Partnership Founder Partner LLP

 

Cédriane de Boucaud Truell  holds no ordinary shares in the Company.

 

Cédriane de Boucaud Truell was a former director of Morgan Everett Limited until February 2012. Morgan Everett, an investee company of the Sustainable Technology Fund, entered into administration in July 2009, and subsequently a creditors voluntary liquidation in February 2012, with an overall deficit to creditors of approximately £1.5 million.

 

There is no further information on Cédriane de Boucaud Truell required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

Marco  Peter Nijhof , aged 59, has been a senior executive within the international five-star luxury retail, hotel and hospitality industry, including Jumeirah Hotels in Dubai, Hyatt Hotels & Resorts, Marriott and The Bicester Village Shopping Collection.

 

Marco Nijhof  has held the following directorships and/or partnerships in the past five years:

 

Current directorships and/or partnerships

Past directorships and/or partnerships

Unfold (UK) Limited

Yoo Hotels International (UK) LLP

Unfold EU BV

Yoo Hotels Limited

Resources For Leisure Assets

Aqua Boracay By Yoo Limited

 

Vikare Developments (Tuscany) Limited (SC 501694)

 

Vikare General Partner Limited

 

Vikare Investments (Tuscany) Limited

 

Vikare Developments (Tuscany) Limited (SC 452360)

 

Marco Nijhof  holds no ordinary shares in the Company. There is no further information on Marco Nijhof required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

Special note concerning the Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").  T he person who arranged for the release of this announcement on behalf of the Company was Richard Parris, Chairman and Director.

 

For further information:

 

Sabien Technology Group plc   

Richard Parris, Chairman   

Cédriane de Boucaud Truell       

 

+44(0)20 7993 3700

 

 

Beaumont Cornish Limited  (Nominated Advisor)

Michael Cornish and Roland Cornish     

www.beaumontcornish.com

 

+44(0)20 7628 3396

Peterhouse Capital Limited  (Broker)

Duncan Vasey and Lucy Williams

+44(0)20 7469 0930