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Home > News > Corporate news > June 8th, 2009
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June 8th, 2009
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Board Change
Amsterdam, The Netherlands 8 June 2009 - further to the announcement on 31 March 2009, the Board of Directors of Bateman Litwin propose appointing Roderick Francis Arthur Balfour, Earl of Balfour, as a non-executive director and wish to nominate him as Chairman of the Company, effective 1 July 2009.
It is proposed that the necessary resolutions to appoint the Earl of Balfour as a non-executive director and to accept Roy Franklin’s resignation as a non-executive director and as Chairman be put to an extraordinary general meeting on 23 June 2009.
Commenting on the above, David Lamont, Chief Executive of Bateman Litwin said:
"On behalf of the Board, I would like to thank Roy for his significant contribution to the Group as Chairman over
the past three years. We would like to wish him every success for his future endeavours.
I am very pleased that Roderick has accepted the nomination as Chairman of Bateman Litwin. He brings a wealth of experience both from a City and an international perspective. I am sure his contribution will help firmly re-establish Bateman Litwin’s business performance and I look forward to working with him."
Commenting on his nomination as Chairman, Lord Balfour said:
“I am delighted to be joining Bateman Litwin at this important time when it is emerging under talented management from a difficult period for the industry. I am committed to balancing the interests of all shareholders.”
Additional information on Roderick Francis Arthur Balfour, aged 60, to be disclosed in relation to Rule 17 and Schedule.
Two paragraph (g) of the AIM Rules for Companies can be found below.
Current directorships within the last five years:
Virtus Management Limited
Virtus Trust Limited
Virtus Directors Limited
Virtus Trust Corporation Limited
Virtus Trust NZ Limited
Virtus Investment Services Limited
Mizar Limited
Southwind Services Limited
Agua Terra Limited
Directorships in the last five years:
Rothschild Corporate Fiduciary Services Limited
Rothschild Trust Corporation Limited
Rothschild Trust Guernsey Limited
Rothschild Trust New Zealand Limited
Rothschild Trustee Services (Ireland) Limited
Detroit Lakes Limited
Embarcadero Limited
Galileo (2000) Limited
Lothian Fifty (No 620) Limited
Lothian Fifty (No 621) Limited
Lothian Fifty (No 622) Limited
Lothian Fifty (718) Limited
Pinta Limited
Waccabuc Limited
Yale Limited
Lothian Fifty (735) Limited
Guilford Limited
Navarino (2000) Limited
Botafogo Limited
Waterfence Limited
Watchung Limited
Nikanor Plc
Bateman Engineering NV
No further disclosures are required under Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies.
Funding Developments
The Company advises that it has drawn the final US$3 million tranche of the US$20 million facility provided by BSG Resources in October 2008.
Enquiries:
Bateman Litwin
David Lamont, Chief Executive Officer
Davis Larssen, Chief Financial Officer
Ingrid Boon, Investor Relations Manager
Tel: + 44 (0)20 7799 8307
Credit Suisse Securities (Europe) Limited
Nominated adviser and joint broker
Jon Grussing
Will MacLaren
Tel: +44 (0)20 7888 8888
Oriel Securities Limited
Joint broker
Tel: +44 (0)20 7710 7600
Richard Crawley
About Bateman Litwin N.V.
Bateman Litwin is a supplier of technology, engineering, procurement and project management services to the world’s energy and resource industries. To find out more, visit Bateman Litwin at: www.bateman-litwin.com
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