RNS Number : 2788Y
Mortice Limited
16 May 2016
Mortice Limited
("Mortice" or the "Company")
Directorate Changes
Mortice Limited (AIM: MORT), the AIM quoted security and facilities management company,
announces the following changes to its Board of Directors.
The Company is pleased to announce the appointment of Pallavi Bakhru and Richard Gubbins as Non-Executive Directors
with immediate effect. At the same time Rakesh Aggarwal has stood down from his position as Non-Executive Director with immediate
effect.
Mrs Pallavi Bakhru is currently employed as Group Head Taxation at Vedanta Limited, the largest diversified natural
resources company in India. Prior to this, Pallavi successfully ran her own firm for 14 years before merging with Grant
Thornton where she was Partner and Head of Tax in India. She has advised on inbound and outbound structuring (including
regulatory compliance) for both Indian and overseas companies, as well as on re-structuring and mergers and acquisitions as well
as trade sales.
Mr Richard Gubbins is a senior corporate partner of international law firm Ashurst
in London. He leads one of Ashurst's
corporate groups and is head of the India practice. Richard advises domestic and overseas clients and governments, as well
as investment banks and other financial institutions. He has wide experience of international corporate and commercial activities
including fundraisings, flotations, domestic and cross-border mergers and acquisitions, reorganisations, restructurings, insolvency, commercial contracts and transactions involving a
wide number of diversified industries in different jurisdictions.
Manjit Rajain, Executive Chairman, commented, "I am delighted that both Pallavi and Richard have joined the Board
of Mortice. Their appointments help strengthen the Board as we seek to continue our growth strategy, particularly in an
international context and their experience in cross-border enterprises will be invaluable to the company going forward. I would
also like to thank Rakesh Aggarwal for his service to the Board and I would personally like to wish him all the best with his
future ventures."
Enquiries:
Mortice Limited
|
www.morticegroup.com
|
Manjit Rajain, Executive Chairman
|
Tel: +91 981 800 0011
|
|
|
finnCap Ltd
|
Tel: 020 7220 0500
|
Adrian Hargrave / Giles Rolls / Alex Price
|
|
|
|
Walbrook PR
|
Tel: 020 7933 8780 or mortice@walbrookpr.com
|
Paul McManus/ Natalie Bruce
|
Mob: 07980 541 893 / 07884 666 994
|
The following information is disclosed pursuant to Schedule 2(g) of the AIM Rules for
Companies:
Pallavi Joshi Bakhru, aged 48, holds or has held in the past 5 years the following directorships
or partnerships:
Current
|
Past
|
Filatex Limited
Sona BLW Precision Engineering Ltd
Grant Thornton Advisory Private Limited
|
HET Limited
Walker Chandiok & Co
Tech Strategy India Private Limited
|
Richard Simon Gubbins, aged 58, holds or has held in the past 5 years the following directorships
or partnerships:
Current
|
Past
|
Henderson Alternative Strategies Trust Plc
The Masuri Group Limited
The American European Business Association Limited
|
None
|
Neither Mrs Bakhru or Mr Gubbins currently own any shares in the Company.
There is no further information to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM
Rules for Companies.
About Mortice Limited
Mortice (AIM: MORT), is an AIM quoted security and facilities management company, incorporated in
Singapore and based in India with additional operations in Singapore and the UK.
Mortice operates under two brands:
§ Peregrine - provision of guarding and security
services to a wide range of clients from blue-chip companies, smaller businesses, commercial and private properties, and
individuals.
§ Tenon - provision of a full range of facilities
management services to corporate occupiers, owners and developers of real estate. Clients include some of the world's most
respected blue chip and home-grown companies. Within the Tenon group of companies Mortice also offers security surveillance
services through its subsidiary Soteria and mechanical and engineering services via Rotopower
The business is growing and profitable and is focused on expanding its geographical footprint and growing through
targeted acquisitions, as well as organically.
In 2015 the Company established Tenon UK and through this wholly owned subsidiary acquired UK based Office &
General Group Limited, an independent property service company specialising in cleaning and providing support services such as
environmental solutions and built fabric maintenance in the UK. In addition, the Company acquired a 51% majority stake in
Singapore-based security company Frontline Security Pte. Ltd, and has an option to acquire an additional 25%
within three years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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