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Audit Committee
David Bramwell (Chairman)
Don Wilson
Remuneration Committee
Don Wilson (Chairman)
David Bramwell
Ian Brodie
Nomination Committee
Don Wilson (Chairman)
David Bramwell
Ian Brodie
26 Jul 2010 - Board Update
Intelek plc (“Intelek” or the “Company”)
Board Changes
On 26 July 2010 Teledyne Technologies Incorporated (“Teledyne”) announced that as of 1 p.m. on 23 July 2010 it was the beneficial owner of, or had received valid acceptances in respect of, in aggregate, 81,575,701 Ordinary Shares, representing approximately 93.36 per cent. of the existing issued share capital of Intelek, and declared the Offer for Intelek unconditional in all respects.
As a result, Robert Mehrabian, Henry Thomas Barnshaw and Aldo Pichelli have been appointed as directors of Intelek today and David Bramwell, Don Wilson and John Restivo have resigned with immediate effect from the board of Intelek. It is anticipated that Kevin Edwards and Ian Brodie will enter into compromise agreements with Intelek over the course of the next two weeks and will resign with immediate effect on completion of those agreements.
Save for the disclosures above and below, there are no further disclosures to be made in accordance with Rule 17 and Schedule 2(g) of the AIM Rules.
Robert Mehrabian, aged 68, holds or has held the following directorships over the last five years:
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Current Directorships |
Past Directorships |
|
Teledyne Technologies Incorporated and subsidiaries |
Isco Holdings Inc. |
|
|
Isco GmbH |
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The Bank of New York Mellon Corporation |
Teledyne Reynolds International Inc. |
|
PPG Industries, Inc |
Teledyne Reynolds Limited Mellon Financial Corporation |
Henry Barnshaw, aged 63, holds or has held the following directorships over the last five years:
|
Current Directorships |
Past Directorships |
|
Teledyne Limited and subsidiaries |
The Flight Data Company Limited |
|
|
|
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Teledyne Oil and Gas Limited Teledyne France |
Teledyne Reynolds Limited Storm Products (UK) Limited |
|
|
|
Aldo Pichelli, aged 58, holds or has held the following directorships over the last five years:
|
Current Directorships |
Past Directorships |
|
Teledyne Australia Pty Ltd Teledyne Benthos, Inc Teledyne Cormon, Inc Teledyne Cormon Limited and subsidiary Teledyne Defence Limited Teledyne France Teledyne Germany GmbH Teledyne Isco, Inc Teledyne Properties Limited Teledyne RD Technologies (Shanghai) Ltd Teledyne Reynolds, Inc. and subsidiaries Teledyne SG Brown Limited Teledyne Singapore Private Limited Teledyne TSS Limited |
Isco Holdings, Inc Isco GmbH Teledyne Reynolds International, Inc Storm Products (UK) Limited |
For further information, please contact:
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INTELEK |
|
|
Ian Brodie, Chief Executive |
01793 827000 |
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|
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ALTIUM (NOMAD) |
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|
Paul Lines |
0845 505 4343 |
