Directorate Change
21 Agosto 2009 - 1:00AM
UK Regulatory
TIDMCBF
RNS Number : 7965X
Cobra Bio-Manufacturing PLC
21 August 2009
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| For Immediate Release | 21 August 2009 |
+---------------------------------------+---------------------------------------+
Cobra Biomanufacturing Plc ("Cobra")
Directorate Change
Cobra Biomanufacturing Plc (AIM: CBF) the international provider of
biopharmaceutical manufacturing services, today announces with immediate effect
the appointment of Daniel Robert Chapchal as Non Executive Chairman, following
an offer by Peter Fothergill to step down as Non Executive Chairman. This was
duly accepted by the Board of Directors.
Danny Chapchal, aged 64 has a reputation for managing turnarounds and helping
early stage companies bring new technology to market. His primary role at Cobra
will be to develop strategic partnerships and explore financing arrangements for
the business.
"Cobra is an organisation with an excellent reputation in the biopharmaceutical
market that has experienced difficulties as a result of the global economic
downturn. It has a strong customer base and has developed market leading
intellectual property for the oral delivery of vaccines. My objective is to
maximise shareholder value," said Danny Chapchal.
"The Cobra Board would like to thank Peter for his contribution to Cobra over
many years, particularly as Chairman since Cobra's AIM listing in 2002. We also
welcome Danny, who has the full support of our major shareholder to the Board as
our new Non Executive Chairman. We look forward to working with Danny whose
reputation, connections and belief in Cobra will be invaluable in helping to
move the business forward through this crucial stage of our development." said
Simon Saxby, Chief Executive.
Danny Chapchal is an investor alongside Lord Young of Graffham in digital valve
developer Camcon Limited and security speciality TSSI Systems Limited. He is a
Chief Executive and Deputy Chairman of Camcon and Executive Chairman of TSSI. He
has also previously served as a Non Executive Director of Trace Plc.
Daniel Robert Chapchal's current directorships are as follows:
Turnmell Limited: Chairman & Chief Executive
TSSI Systems Limited: Executive Chairman
Camcon Limited: Chief Executive and Deputy Chairman
Camcon Oil & Gas Limited (Dormant): Director
Camcon Medical Limited (Dormant): Director
Camcon Automotive Limited (Dormant): Director
Chesters Developments Limited: Director
Daniel Robert Chapchal's directorships over the previous 5 years are as follows:
Acus Management Partnership Limited
Acus (Channel Island) Limited
Flying Null Limited
Hazard Chase Limited
Hazard Chase Holding Limited
Ozone Industrial Limited
Scipher Plc (in administration)*
Trace Group Plc
*Daniel Robert Chapchal was a director of Schipher Plc which was placed into
administrative receivership on 28 September 2004.
There are no further matters which are required to be announced with regard to
this appointment under paragraph (g) of Schedule 2 of the AIM Rules for
Companies.
For further information, please contact:
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| Cobra Biomanufacturing Plc | Tel: +44 (0) 1782 714 181 |
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| Danny Chapchal, Non Executive Chairman | |
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| Simon Saxby, Chief Executive | |
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| Peter Coleman, Finance Director | |
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| | |
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| Buchanan Communications | Tel: +44 (0) 207 466 5000 |
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| Tim Anderson/Rebecca Skye Dietrich | |
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| | |
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| Seymour Pierce (NOMAD & Broker) | Tel: +44 (0) 20 107 8000 |
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| Christopher Howard/Christopher Wren | |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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