Toumaz Limited Directorate Change (7250F)
29 Julio 2016 - 9:10AM
UK Regulatory
TIDMTMZ
RNS Number : 7250F
Toumaz Limited
29 July 2016
For Immediate Release 29 July 2016
Toumaz Limited
('Toumaz' or the 'Group')
Directorate Change
Toumaz (AIM: TMZ), a pioneer in digital radio and smart audio
technologies, announces that Professor Christofer Toumazou FRS is
stepping down from his role as Non-Executive Director with
immediate effect. His decision follows the recent sale of the
Group's Healthcare division, Sensium Healthcare.
In recognition of Professor Toumazou's long service to the
Company, the Board's Remuneration Committee has granted him 12
months from the date of his resignation in which to exercise his
outstanding options: 1,622,000 at an exercise price of 3.7p and
4,000,000 options at an exercise price of 0.25p. 1,683,835 fully
vested options with an exercise price of 6.94p granted on 30
September 2005 and due to expire on 30 September 2016 have been
extended by 10 months to expire on 31 July 2017. 5,000,000 options
originally granted on 21 January 2010 at an exercise price of 6p
remain unaltered and may be exercised at any time up to 21 January
2020.
Dr. Martin Knight, Chairman of Toumaz, commented:
"On behalf of the Board, I would like to thank Chris for his
significant contribution to the Group over the last 15 years. Chris
was the founder of Toumaz and provided the original inspiration for
the business; he has at various times served as Chairman, Chief
Executive Officer and Chief Technology Officer. With the recent
sale of Sensium Healthcare, now is an appropriate time for Chris to
step down from the Board. We wish him the very best in his future
endeavours."
- Ends -
Enquiries:
Toumaz Limited
Anthony Sethill, Chief Executive Tel: +44 (0)
Officer 20 7391 0630
Jonathan Apps, Chief Financial www.toumaz.com
Officer
Peel Hunt LLP (Nominated Adviser
and Broker)
Richard Kauffer / Euan Brown Tel: +44 (0)
20 7418 8900
Buchanan
Sophie McNulty / Henry Harrison-Topham Tel: +44 (0)
/ Stephanie Watson 20 7466 5000
Toumaz@buchanan.uk.com www.buchanan.uk.com
About Toumaz
Toumaz Limited is a pioneer in digital radio and smart audio
technologies, providing chips, modules and software for consumer
audio devices. For further information, please visit
www.toumaz.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAPGURUMUPQGCB
(END) Dow Jones Newswires
July 29, 2016 10:10 ET (14:10 GMT)
Toumaz (LSE:TMZ)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Toumaz (LSE:TMZ)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024