Bermele PLC Corporate Update & Board Appointment (9454I)
14 Agosto 2019 - 1:02AM
UK Regulatory
TIDMBERM
RNS Number : 9454I
Bermele PLC
14 August 2019
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DISTRIBUTE THIS ANNOUNCEMENT.
For Immediate Release 14 August 2019
Bermele Plc
("Bermele" or "the Company")
Corporate Update
Board Appointment
Bermele, a Company formed to acquire a target company (or
companies) with realisable or developed commercial technologies in
the pharmaceutical and biotechnology sector, is pleased to update
shareholders on its progress to date. The Board of Directors have
reviewed a number of exciting commercial opportunities all of which
fit the mandate for acquisition opportunities, insofar as they
deliver key inflection points of value for shareholders and
demonstrate a significant proprietary Intellectual Property (IP)
position.
At present, none of the opportunities reviewed to-date meet the
strict criteria the Board are applying, which they believe would
generate significant returns for shareholders. As such, the Board
are excited to review further potential transactions with a view to
completing an acquisition by way of a reverse takeover in the
coming months.
Board Appointment
The Company is pleased to announce the appointment of Anthony
Henry Reeves as a Non-Executive Director of the Company with
immediate effect. Mr Reeves has over 45 years' Public Company
experience in Europe, USA and the Middle East. He is currently the
Executive Chairman of Defenx Plc, an AIM listed cyber-security
software group. He was formerly a non-executive director of Levrett
Plc which completed the successful acquisition of Nuformix Plc, by
way of a reverse takeover in 2017.
Prior to this he held the position as non-Executive Chairman of
The Kellan Group plc, the AIM listed recruitment business, until
2015 and prior to this, he was Chairman and chief executive officer
of the Hotgroup plc until its acquisition in 2005. Previously, he
was Chairman and chief executive officer of the Delphi Group plc
until 2001 when it was acquired by Adecco SA. Before joining Delphi
Group plc, Mr Reeves was Chairman, President and chief executive
officer of Lifetime Corporation, a recruitment agency staffing
hospitals and construction projects primarily in the Middle East.
He oversaw the reverse of Lifetime Corporation into a company
listed on the American Stock Exchange in 1986 with revenues of $25
million, which grew to $1 billion in 1993. Mr Reeves oversaw the
sale of Lifetime Corporation to Olsten for $660 million.
Award of Options
Pursuant to his appointment as a non-executive director, the
Board have agreed to award Mr Reeves options over 4,000,000 new
Ordinary Shares of 0.1p per share (representing 2% of the issued
share capital) at an exercise price of 1.25 pence per share (the
"Options"), being the mid-market closing price on 13 August 2019.
The Options vest immediately and may be exercised at any time from
the date of Re-Admission to the third anniversary of Re-Admission
following a Reverse Takeover.
Mr Reeves currently holds the following directorships of
publicly quoted companies (excluding directorships of the Company)
and has held the following directorships of publicly quoted
companies within the previous five years:
Current
Defenx plc
Past
Nuformix plc (formerly Levrett plc)
Cloudtag Inc.
Phibex plc (dissolved via voluntary strike-off)
The Kellan Group plc (re-registered as a private company in
January 2019)
Mr Reeves was a director of the following companies which have
been put into liquidation whilst either Mr Reeves was a director of
the relevant company or within 12 months' of Mr Reeves' resignation
as a director of the relevant company, as more particularly
described below:
-- Brighter Prospects (Recruitment Services) Limited was placed
into creditors' voluntary liquidation on 13 May 2009 and was
subsequently dissolved on 23 April 2014. The Liquidators' statement
of account dated 16 January 2014 stated that there were
insufficient funds to pay a dividend to preferential creditors or
unsecured creditors.
-- Mr Reeves resigned from his position as a director of CT
Technology Services Limited on 31 March 2017. The company was put
into compulsory liquidation by way of a court order on 20 June 2018
following a petition for winding up by HM Revenue and Customs on 26
October 2017.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Enquiries:
Bermele Plc +44 (0) 20 3475 9760
Jamie Bligh info@bermele.com
Novum Securities Limited
Colin Rowbury +44 (0) 20 7399 9400
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END
BOADMGMRRFVGLZM
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