Satellite Solutions Wldwide Grp PLC Directorate Changes (4673A)
September 29 2015 - 2:02AM
UK Regulatory
TIDMSAT
RNS Number : 4673A
Satellite Solutions Wldwide Grp PLC
29 September 2015
29 September 2015
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Directorate Changes
Michael Tobin OBE and Paul Howard appointed to the Board
Satellite Solutions Worldwide Group plc (AIM: SAT), the global
communications company specialising in rural, last-mile satellite
broadband, announces the appointment of Michael Tobin as
Non-executive Chairman and Paul Howard as Non-executive Director
with immediate effect. At the same time Rodger Sargent will move
from Non-executive Chairman to Non-executive Director.
Michael Tobin is a highly successful technology entrepreneur
with over 30 years' experience in the telecoms and technology
sector. He was CEO of TelecityGroup plc, a leading FTSE 250
technology company, from 2002 to 2014, during which time the
business grew from a market capitalisation of GBP6m, to a business
with a market value of GBP1.6bn at the time of his departure.
During Michael's tenure as CEO, TelecityGroup made a number of
acquisitions and expanded into new strategic markets, delivering
EBITDA growth of over 690% from its IPO in 2007 to 2014. Prior to
TelecityGroup, Michael held senior positions in companies including
ICL and International Computer Group in Europe, as well as Pacnet
in Hong Kong until it was sold to Telstra in 2015 for $800m.
While Michael holds various Non-executive positions at
technology companies throughout USA, Europe, Africa and Hong Kong,
SSW is currently his only UK plc directorship. He has won many
national awards for technology and business and in 2014 he received
the Order of the British Empire for services to the digital
economy.
Paul Howard is an advisor to Oakley Capital Corporate Finance,
having joined the business in April 2015. Paul spent over 15 years
with Cazenove as a telecoms and media analyst and was one of
Cazenove's youngest ever partners. He won numerous awards from
Reuters and Starmine and was head of the number one ranked European
telecoms research team as ranked by the Institutional Investor in
2011. Paul left J.P. Morgan Cazenove in 2011 and became an investor
and Non-executive director of various small telecoms companies.
Andrew Walwyn, CEO of SSW, commented: "I am delighted executives
of the calibre of Michael and Paul have come onto our Board. They
recognise the opportunity presented to our business by ever
increasing consumer demand, government initiatives and necessity of
access to the internet. Their experience and contacts within
telecoms, technology and capital markets will be vital as we
continue to build SSW into Europe's pre-eminent satellite broadband
provider."
Enquiries:
Satellite Solutions Worldwide www.satellitesolutionsworldwide.com
Group PLC
Andrew Walwyn, Chief Executive Via Walbrook PR
Officer
Strand Hanson (Financial
& Nominated Adviser)
Andrew Emmott / Ritchie Tel: +44 (0)20 7409 3494
Balmer
Arden Partners plc (Broker)
Catherine Miles / James Tel: +44 (0)20 7614 5900
Felix / Ciaran Walsh
Walbrook PR (PR advisers) Tel: +44 (0)20 7933 8780
or ssw@walbrookpr.com
Paul Cornelius / Nick Mob: +44 (0)7866 384 707
Rome / +44 (0)7748 325 236
Additional Information
Other than as set out below there is no further information to
be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in
respect of their appointments today as Directors of the
Company.
Disclosures for Michael Tobin (aged 51)
Current directorships/partnerships Director/Partner in the
last 5 years
------------------------------------ ------------------------------------
Alfies Ltd Central Data Centres Ltd
Basefarm Basefarm AS Globix Ltd
CC35 Management Company Globix Holdings (UK) Ltd
Ltd GLX Leasing Ltd
Chayora Ltd Imagine No.1 LLP
Datahub Finland Oy Imagine No.2 LLP
Datapipe Inc. Imagine No.3 LLP
D&G events Ltd Internet Facilitators Ltd
Eurodiesel SA Internet Facilitators Holdings Ltd
itConic SA London & Partners International
PeoplePerHour Ltd Newincco 992 Ltd
Popshack Ltd Pacnet Ltd
Team Rock Ltd Pacnet Services Corp Ltd
Teraco The Sharpe's Children Foundation
Tobin Ventures Ltd TeleCity Ltd
Ultrahaptics Ltd TeleCity Finance Ltd
TelecityGroup plc
TeleCityGroup Holdings Ltd
TeleCityGroup International Ltd
TeleCityGroup Investments Ltd
TeleCityGroup UK Ltd
TeleCity Holdings Ltd
TeleCity Investments Ltd
TeleCity UK Ltd
UK Grid Group Ltd
The UK Grid Network Ltd
------------------------------------ ------------------------------------
Michael Tobin entered in to an individual voluntary arrangement
in 2001 which was subsequently discharged in full by 2006.
Disclosures for Paul Arthur Howard (aged 46)
Current directorships/partnerships Director/Partner in the
last 5 years
------------------------------------ --------------------------------
None Timico Technology Group Limited
------------------------------------ --------------------------------
About SSW
SSW's brand Europasat (www.europasat.com), is Europe's largest
independent satellite broadband internet service provider, offering
services to consumer and business users across Europe. With a track
record of strong organic growth in its subscriber base and
recurring revenues, the directors of the SSW believe there is a
major opportunity to consolidate SSW's organic growth with
acquisitions throughout the fragmented European satellite broadband
market.
Working closely with satellite owners and operators, SSW targets
customers in the 'digital divide' with solutions that deliver up to
22 Mbps (rising to 30 Mbps later this summer) satellite based
broadband services to almost any premises, whether residential,
commercial or industrial across Europe, irrespective of location or
local infrastructure.
This information is provided by RNS
The company news service from the London Stock Exchange
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