HTH Hartest Hldgs.

 
TIDMHTH 
 
1 September 2010 
 
                             Hartest Holdings Plc 
 
                              Board Appointments 
 
Hartest Holdings Plc ("Hartest" or the "Company") announces that, following the 
mandatory cash offer made by Elektron Plc ("Elektron") for the shares of the 
Company, the following directors will be elected to the board of Hartest 
effective today: Keith Daley, Neill Ricketts and John Wilson. All are current 
directors of Elektron. Mr Daley is chairman of Elektron and Messrs Ricketts and 
Wilson were appointed to the board of Elektron on 12 August 2010. 
 
Mr Daley has served as Executive Chairman of Elektron since April 2008 having 
previously served as a non-executive director of Elektron since February 2004. 
 
Neill Ricketts is an operations specialist with over 20 years of senior level 
experience working in sectors including automotive, Formula One, aerospace and 
defence. He joined Elektron in December 2008. 
 
John Wilson joined Elektron in March 2008 as Technical Director.  He was 
subsequently appointed Group Technology Advisor, President & CEO of Elektron's 
US subsidiary and most recently, Divisional Managing Director of Elektron 
Technology in April 2010. 
 
The following disclosures are required regarding the Board appointments 
pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies: 
 
Director full name and    Current directorships      Directorships within the 
age                                                  last 5 years 
 
Keith Anthony Daley, 55   Elektron Plc               Inhoco 3013 Limited 
 
                          Elektron Trustees Limited  Pro Corda Ventures Limited 
 
                          Torus Investment Managers  Cirkit Holdings Limited 
                          Limited                    (dissolved) 
 
                          Pro Corda Trust 
 
                          Specialist Holdings 
                          Limited 
 
                          MEC Medical Limited 
 
                          Advanced Electronics 
                          Technologies Ltd 
 
                          Digitron Instrumentation 
                          Ltd 
 
                          Elektron Instruments 
                          Limited 
 
                          Queensgate Instruments 
                          Limited 
 
                          Munro Instruments Limited 
 
                          Firm Direction Limited 
 
                          Elektron IP Limited 
 
                          Arcolectric 29 Limited 
 
                          Arcolectric 59 Limited 
 
                          Arcolecric 61 Limited 
 
                          Arcolectric Limited 
 
 
Keith Daley was a non executive director of The Birmingham Box Company Limited 
within 12 months prior to that company being placed into administrative 
receivership on 21 May 1990. 
 
Director full name and    Current directorships      Directorships within the 
age                                                  last 5 years 
 
Neill Gareth Ricketts,    Elektron Plc               Hardide Coatings Ltd 
age 39                                               (resigned 2008) 
 
                          Titman Tip Tools Ltd 
 
                          Digitron Instrumentation 
                          Ltd 
 
                          Total Carbide Ltd 
 
                          Kronos Engineering 
                          Solutions Limited 
 
                          Howle Holdings Ltd 
 
 
Director full name and    Current directorships     Directorships within the 
age                                                 last 5 years 
 
John Frederick Wilson,     Elektron Plc 
age 34 
 
                           Elektron Components Ltd 
 
There are no further disclosures required to be made relating to Keith Daley, 
John Wilson or Neill Ricketts under Schedule 2(g) of the AIM Rules for 
Companies. 
 
Geoff Spink, the Chief Executive Officer of Hartest, has held the position of 
Company Secretary on a temporary basis following Jan Holmstrom's resignation on 
11 August 2010. Geoff is standing down as Company Secretary and Martin Reeves 
assumes the role with immediate effect. Martin is also Company Secretary of 
Elektron plc. 
 
 
For further information please contact: 
 
Hartest Holdings plc     Geoff Spink, Chief Executive    01252 749 530 
 
Westhouse Securities     Tim Metcalfe                    020 7601 6100 
 
Hansard Communications   Justine James / Kirsty Corcoran 020 7245 1100 
 
 
Westhouse Securities Limited ("Westhouse"), which is regulated in the United 
Kingdom by the Financial Services Authority, is acting exclusively as financial 
adviser to Hartest and no one else (including the recipients of this 
announcement) in connection with the arrangements that are the subject matter 
of this announcement and will not be responsible to anyone other than Hartest 
for providing the protections afforded to clients of Westhouse or for advising 
any other person in connection with the arrangements that are the subject 
matter of this announcement. 
 
Westhouse makes no representation, express or implied, with respect to the 
accuracy or completeness of any information contained in this announcement and 
accepts no responsibility for, nor does it authorise, the contents of, or the 
issue of this announcement, or any other statement made or purported to be made 
by Hartest, or on its behalf, in connection with Hartest or any of the other 
arrangements that are the subject matter of this announcement and, accordingly, 
it disclaims all and any liability whatsoever whether arising out of tort, 
contract or otherwise which they might otherwise have in respect of this 
announcement or any other statement. 
 
The release, publication or distribution of this announcement in jurisdictions 
other than the United Kingdom may be restricted by law and therefore persons 
into whose possession this announcement comes should inform themselves about, 
and observe such restrictions. Any failure to comply with the restrictions may 
constitute a violation of the securities laws of any such jurisdiction. The 
announcement has been prepared in accordance with English law and the Code and 
information disclosed may not be the same as that which would have been 
prepared in accordance with the laws of jurisdictions outside England. 
 
DEALING DISCLOSURE REQUIREMENTS 
 
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of 
any class of relevant securities of an offeree company or of any paper offeror 
(being any offeror other than an offeror in respect of which it has been 
announced that its offer is, or is likely to be, solely in cash) must make an 
Opening Position Disclosure following the commencement of the offer period and, 
if later, following the announcement in which any paper offeror is first 
identified. An Opening Position Disclosure must contain details of the person's 
interests and short positions in, and rights to subscribe for, any relevant 
securities of each of (i) the offeree company and (ii) any paper offeror(s). An 
Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be 
made by no later than 3.30 p.m. (London time) on the 10th business day 
following the commencement of the offer period and, if appropriate, by no later 
than 3.30 p.m. (London time) on the 10th business day following the 
announcement in which any paper offeror is first identified. 
 
Relevant persons who deal in the relevant securities of the offeree company or 
of a paper offeror prior to the deadline for making an Opening Position 
Disclosure must instead make a Dealing Disclosure. Under Rule 8.3(b) of the 
Code, any person who is, or becomes, interested in 1% or more of any class of 
relevant securities of the offeree company or of any paper offeror must make a 
Dealing Disclosure if the person deals in any relevant securities of the 
offeree company or of any paper offeror. A Dealing Disclosure must contain 
details of the dealing concerned and of the person's interests and short 
positions in, and rights to subscribe for, any relevant securities of each of 
(i) the offeree company and (ii) any paper offeror, save to the extent that 
these details have previously been disclosed under Rule 8. A Dealing Disclosure 
by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. 
(London time) on the business day following the date of the relevant dealing. 
 
If two or more persons act together pursuant to an agreement or understanding, 
whether formal or informal, to acquire or control an interest in relevant 
securities of an offeree company or a paper offeror, they will be deemed to be 
a single person for the purpose of Rule 8.3. 
 
Opening Position Disclosures must also be made by the offeree company and by 
any offeror and Dealing Disclosures must also be made by the offeree company, 
by any offeror and by any persons acting in concert with any of them (see Rules 
8.1, 8.2 and 8.4). Details of the offeree and offeror companies in respect of 
whose relevant securities Opening Position Disclosures and Dealing Disclosures 
must be made can be found in the Disclosure Table on the Takeover Panel's 
website at www.thetakeoverpanel.org.uk, including details of the number of 
relevant securities in issue, when the offer period commenced and when any 
offeror was first identified. If you are in any doubt as to whether you are 
required to make an Opening Position Disclosure or a Dealing Disclosure, you 
should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129. 
 
Please note that any address, electronic address and certain other information 
provided for the receipt of communications from the offeree company may be 
provided to an offeror during the offer period as required under Section 4 of 
Appendix 4 of the Code. 
 
"Interests in securities" arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities. In particular, a person will be treated as having an 'interest' by 
virtue of the ownership or control of securities, or by virtue of any option in 
respect of, or derivative referenced to, securities. 
 
 
 
 
END 
 

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