TIDMAEC

RNS Number : 0007C

AEC Education plc

11 March 2014

AEC Education plc

("AEC" or the "Company")

Board Changes

AEC is pleased to announce that with immediate effect, Munish Rao and Sabin Joshi have joined the board as non-executive directors having been appointed as nominees of Cinnovation Incorporated pursuant to the subscription agreement, details of which were announced on 3 December 2013.

Munish Rao, aged 33, has a degree in Commerce and Finance and a Masters in Business Administration. He started his career as a Research associate for Almondz Capital markets (2005 - 2006) before moving on to Oxus Investments as a Portfolio Analyst (2006 - 2008) and then Bahrain Investment Bank as an Investment Analyst (2008 - 2011). He then moved on to become a Manager in the Asset Management division of Capinnova Investment Bank (2011 - 2013) before Joining Cinnovation Group in 2013 as an Assistant General Manager

Munish Rao is not currently a Director of any Companies, nor has he been in the last 5 years.

Sabin Joshi, aged 31, started his career with Standard Chartered Bank in Nepal (2004 - 2006) before moving on to found RB Joshi and Co, which managed equity funds. He then worked at Spandana Sphoorty Financial Limited as an Assistant Vice President (2009 - 2011). In 2011 he joined Chaudhary Group as a General Manager.

Sabin Joshi is a director of the following companies:

 
 Name of Company 
 Lumbini Bank Ltd 
 Taj Safari Limited. 
 Taj Lanka Hotels PLC 
 Taj Maldives Resort Pvt Ltd.

In June 2013 Sabin resigned as a director from Nabil Investment Bank Ltd.

Liam Swords, Chairman commented: "We are delighted to welcome Sabin and Munish to the board of AEC. They bring a strong investment and analytical dimension to the Board that will be critical for the growth plans now being developed."

There is no further information required to be disclosed under Schedule 2, paragraph (g) of the AIM Rules for Companies.

For more information please contact:

 
 AEC Education PLC            Tel: +44 (0) 7725 836811 
 Liam Swords 
 
 WH Ireland Limited (NOMAD)   Tel: +44 (0) 113 394 6600 
 Andrew Kitchingman 
 
 Biddicks                     Tel: +44 (0) 20 3178 6378 
 Katie Tzouliadis

This information is provided by RNS

The company news service from the London Stock Exchange

END

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