Green Chemicals plc - Directorate change
07 Aug 2008
Green Chemicals plc announces the following changes to its Board of directors: Dr. Rodney Adams is stepping down with immediate effect as a non-executive director of the Company; Dr Adams joined the Board upon the acquisition by the Company of Perachem Limited, at the beginning of last year.
The Chairman and the other Board members would like to thank Dr. Adams for his assistance and advice over this period. Martin Richard Penny (55) has been appointed to the Board of the Company; Mr. Penny will serve in a non-executive capacity. Mr. Penny is the founder and group managing director of Jemella Group, trading as GHD (“Good Hair Days”). green chemicals plc announced on 3 December 2007 that it had entered into a letter of intent with Jemella Group concerning the UK commericalisation of the former’s hair colorant technology; on 3 July 2008, it announced that Mr. Penny had become a shareholder of the Company through his participation in a placing of new ordinary shares.
Welcoming Mr. Penny to the Board, executive Chairman David Norwood said, “My colleagues and I are delighted that Martin has decided to give green chemicals plc the benefit of his experience as a successful entrepreneur in the hair and beauty sector. I believe this will prove of great value in the drive to identify the most prospective routes to market for the Company’s proprietary permanent hair colorant and hair colour removal technology, which represents one of the three major planks of its current technology platform.”
In accordance with the requirements of the PLUS Rules, the
following company directorships / partnerships also presently held
by Martin Richard Penny are disclosed:
OHS Limited
Waterloo Apartments (Leeds) Management Company Limited
30 Green Street Limited
Jemella Limited
Jemella Group Limited
GHD Group Holdings Limited
GHD Group Limited
GHD Holdings Limited
Power Promotion Limited
Wonderful Life Limited
Wonderful Life UK Limited
Power Wizards Limited
Craydale Developments Limited
Stephen M. Winston,
FCA, Director,
6 August 2008
For further information please visit www.greenchemicalsplc.com or contact:
David Norwood Clemmie Carr Graham Atthill-Beck
Stephen Winston Simon Hudson
green chemicals plc Tavistock Communications Hichens,
Harrison & Co. plc
Tel: +44 113 3432924 Tel: +44 20 7920 3150 Tel: +971 4
343 1330 or
+971 50 856 9408
