TIDMPHTM
RNS Number : 8776C
Photo-Me International PLC
23 June 2021
23 June 2021
Photo-Me International plc
("Photo-Me", "the Company", or "the Group")
Board Changes
Photo-Me International plc, the instant-service equipment group,
today announces changes to its Board of Directors ("the
Board").
The Company is pleased to announce four new appointments: Tania
Crasnianski as an Executive Director, and Camille Claverie, René
Proglio and Sigieri Diaz della Vittoria Pallavicini as
Non-executive Directors. All appointments are effective
immediately.
Appointment of Executive Director
Tania Crasnianski has been an independent legal adviser for the
past seven years and prior to that held the role of Head of Global
Investments at Stratford Capital between 2006-2014. Ms Crasnianski
spent 12 years in the legal field; having worked in that time as a
Criminal Lawyer for SCP Versini-Campinchi & Associés, Paris. Ms
Crasnianski joined the Group on 1 June 2020 as head of legal and
general secretary, and shortly thereafter took over the supervision
of the Group's entities in Germany and Austria.
She will join the Board as an Executive Director where she will
continue to be responsible for the areas mentioned above.
Appointment of three Non-executive Directors
Camille Claverie is a Director at Montefiore Investment where
her responsibilities cover deal origination, and execution and
investment monitoring to support companies and management teams in
their growth plans. Ms. Claverie has previously held roles at
Sagard, latterly as Principal, and at Morgan Stanley. The Board
considers Ms Claverie to be non-independent because she works for
Montefiore Investment which currently holds 9.8% of the issued
share capital of Photo-Me.
René Proglio worked at Morgan Stanley for 17 years and during
that time he held senior roles, including as Managing Director
(2004-2007) and as Head of Investment Banking (2008-2010). Before
this, he was a Partner at Ernst & Young. The Board considers Mr
Proglio to be independent. He will join the Audit Committee with
immediate effect.
Sigieri Diaz della Vittoria Pallavicini is the founder and
managing partner of Italian private equity firm Armònia SGR. For 15
years Mr. Pallavicini was the founder CEO and Chairman of GWM
Financial Group and he was CEO of Greentech Energey Systems A.S, a
Danish renewable energy company. During his career, Sigieri has
worked in several financial institutions including Morgan Stanley,
Lehman Brothers, Merrill Lynch and JP Morgan. The Board considers
Mr Diaz della Vittoria Pallavicini to be independent.
John Lewis, Non-executive Chairman, said:
"I am delighted to welcome Tania , Camille, René and Sigieri to
the Board of Photo-Me. The Board has been working hard to refresh
its membership for some time and it believes that the new
appointments bring a wealth of skillsets and experience as the
Company continues to drive its growth strategy."
Additional Information
In accordance with Listing Rule 9.6.15, it is confirmed that
there are no other details to be disclosed in respect of the new
appointees pursuant to Listing Rule 9.6.13.
ENQUIRIES
Photo-Me International plc +44 (0) 1372 453 399
John Lewis, Non-executive Chairman
Hudson Sandler +44 (0) 20 7796 4133
Wendy Baker/ Nick Moore photo-me@hudsonsandler.com
Notes to Editors
Photo-Me International plc (LSE: PHTM) operates, sells and
services a wide range of instant-service vending equipment,
primarily aimed at the consumer market.
The Group operates vending units across 17 countries and its
technological innovation is focused on three principal areas:
-- Identification: photobooths and integrated biometric identification solutions
-- Laundry: unattended laundry services, launderettes, B2B services
-- Kiosks: high-quality digital printing
The Group entered the self-service fresh fruit juice equipment
market in April 2019, with the acquisition of Sempa. This will
become a key business area alongside Identification, Laundry, and
Kiosks, and will be a significant part of the Group's future growth
strategy.
In addition, the Group operates other vending equipment such as
children's rides, amusement machines, and business service
equipment.
Whilst the Group both sells and services this equipment, the
vast majority of units are owned, operated and maintained by
Photo-Me. Photo-Me pays the site owner a commission based on
turnover, which varies depending on the country, location and the
type of the machine.
The Group has built long-term relationships with major site
owners and its equipment is generally sited in prime locations in
areas of high footfall such as supermarkets, shopping malls
(indoors and outdoors), public transport locations, and
administration buildings (City Halls, Police etc.). Equipment is
maintained and serviced by an established network of 650 field
engineers.
Photo-Me's shares have been listed on the London Stock Exchange
since 1962.
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END
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