Directorate Change
August 26 2010 - 3:30AM
UK Regulatory
TIDMVYKE
RNS Number : 6729R
Vyke Communications PLC
26 August 2010
26 August 2010
Vyke Communications plc
("Vyke" or the "Company")
Board changes
Vyke Communications plc (AIM: VYKE), the leading mobile Voice over Internet
Protocol provider, is pleased to announce a number of board changes.
The changes will add considerable commercial experience to the board and bring
additional focus on tight operational controls within the business. The board's
focus will be on delivering growth and driving the business towards
profitability.
In summary the new board will comprise of:
+-------------------------------+--------------------------------+
| Executive Chairman | Tommy Jensen (previously Chief |
| | Executive Officer) |
+-------------------------------+--------------------------------+
| Chief Executive Officer | Mohammad Asif (newly |
| | appointed) |
+-------------------------------+--------------------------------+
| Finance Director | Malcolm Bacchus (existing |
| | Finance Director) |
+-------------------------------+--------------------------------+
| Non-Executive Director | Jørgen Rasmussen (previously |
| | Non-Executive Chairman) |
+-------------------------------+--------------------------------+
| Non-Executive Director | Terje Ask-Henriksen (existing |
| | Non-Executive) |
+-------------------------------+--------------------------------+
| Non-Executive Director | Peter Holmgren (existing |
| | Non-Executive) |
+-------------------------------+--------------------------------+
Appointment of Executive Chairman
Tommy Jensen is relinquishing his role as Chief Executive Officer which he has
held since 23 December 2009 and has resumed his role as Executive Chairman.
Appointment of Chief Executive Officer
Mohammad Asif, Business Development Director for BLS Tel Holdings LLC, has been
appointed Chief Executive Officer.
Mohammad Asif has held a number of senior positions in the telecoms industry,
including working in a management position for MPS Telecom in New York. In his
current role with BLS Tel Holdings LLC and its affiliates he is responsible for
a joint venture with Multi-Links Telecommunications Limited in Nigeria as well
as establishing BLS Tel Holdings LLC's international carrier services division.
Mohammad Asif has been appointed by Bonjour Europe Limited pursuant to its
rights under the Joint Venture Agreement as announced on 12 July 2010.
Appointment of Non-Executive Director
Jørgen Rasmussen is relinquishing his role as Non-Executive Chairman which he
has held since 23 December 2010 and will continue as a Non-Executive Director.
Mohammed Asif, Chief Executive Officer, commented as follows :
"I am delighted to have the opportunity to join Vyke as its Chief Executive
Officer at an important time for the Company and am looking forward to working
with the existing board members to deliver growth and drive the business towards
profitability."
Tommy Jensen, Chairman, commented as follows :
"I am pleased to have the opportunity to welcome Mohammed Asif to the board of
Vyke. Mohammad's appointment will ensure that the board is in good shape during
this important phase of Vyke's development as it seeks to maximise the present
opportunity with Bonjour Europe Limited and its affiliates whilst at the same
time continuing to press ahead its previous operations and strategy."
----ends----
- For further information please contact: Vyke Communications plc
+-----------------------------+-----------------------------+
| Vyke Communications | +44 20 7732 3666 |
| Tommy Jensen, Chairman | |
+-----------------------------+-----------------------------+
| | |
+-----------------------------+-----------------------------+
| Allenby Capital Limited | +44 20 3328 5656 |
+-----------------------------+-----------------------------+
| Nominated Adviser | |
| Brian Stockbridge / Alex | |
| Price | |
+-----------------------------+-----------------------------+
| | |
+-----------------------------+-----------------------------+
| Daniel Stewart | +44 20 7776 6550 |
+-----------------------------+-----------------------------+
| Paul Shackleton / Martin | |
| Lampshire | |
+-----------------------------+-----------------------------+
| | |
+-----------------------------+-----------------------------+
| Threadneedle Communications | +44 20 7653 9850 |
| | |
+-----------------------------+-----------------------------+
| Graham Herring / Josh Royston |
+-----------------------------+-----------------------------+
About VYKE
Vyke Communications plc is a leading mobile Voice over Internet Protocol
("VoIP") provider and is headquartered in the UK with subsidiaries and offices
in Norway, USA, Iceland and Malaysia. The strategic goal of Vyke is to combine
its expertise in VoIP-based communication systems, mobile data service
creation/handset technology and wholesale carrier network management to provide
a converged communication solution. Vyke's current set of mobile-oriented
products offers up to a 98% discount compared to current typical mobile operator
pricing structures.
About VYKE MOBILE IP
Vyke Mobile IP is the leading mobile-oriented Voice over IP (VoIP) service
offering users up to 98% discount compared to typical mobile operator pricing
structures. One of the first mass market mobile VoIP services, launched in April
of 2006, Vyke Mobile IP features mobile oriented sign-up steps, automatic
configuration services and pricing.
About the VYKE product suite
The Vyke suite of communication products features advanced services providing
users with low cost, mobile operator/fixed line provider independent ways of
making voice calls and sending text messaging from the mobile phone, PC and
internet.
Please visit www.vyke.com
Regulatory information
Mohammad Asif (50 years old)
Current directorships: BLS Tel Holdings LLC
There is no further information on Mohammad Asif required to be disclosed under
Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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