Directorate Change (4037I)

TIDMHLS

RNS Number : 4037I

Helesi PLC

14 June 2011

Helesi PLC

("Helesi" or "the Company")

Appointment of Non-Executive Director

To replace Apostolos Binomakis, the non-executive director who recently resigned to pursue his full time career, the Board of Helesi is pleased to announce the appointment of George Papaggelis as a non executive director. He will join the audit and remuneration committees.

George Papaggelis, 35, is currently an adviser to companies operating in the energy and renewable energy sectors on financial and business development matters. He was previously the Financial Manager and a Board member of GoldenEnergy Capital, an investment company investing in renewable energy systems and power related assets and companies in South East Europe. Prior to that he worked for ABN AMRO Bank as a Credit Portfolio Manager and for Marfin Group as a Senior Equities Analyst. George holds a B.Sc. in Business Studies from Bradford Management School and a M.Sc. in Banking and International Finance from City University Business School (CASS) in London.

Mr. Papaggelis does not own any Ordinary Shares in the Company. There is no further information to be disclosed in respect of Mr Papaggelis appointment that would require disclosure under Schedule two paragraph (g) of the AIM rules.

For further information please visit www.helesi.com or contact:

 
 Helesi PLC                                + 30 22990 82700 
 Sakis Andrianopoulos, Chief Executive, 
 Ioannis Tolias, Finance Director          itolias@helesi.com 
 
 Panmure Gordon                            +44 (0) 20 7459 3600 
 Andrew Godber 
  Katherine Roe 
 
 Tavistock Communications                  + 44 (0) 20 7920 3150 
 Simon Hudson                              shudson@tavistock.co.uk 
 Lydia Eades                               leades@tavistock.co.uk

About Helesi

Helesi is a specialist designer and manufacturer of plastic products mainly for use in the waste management industry and a provider of waste management services. Its activities comprise:

-- the design and manufacture of plastic waste containers including 2 and 4 wheeled bins, pre-sorting bins and the full range of EN 840 standard containers;

-- the provision of waste management services (waste collection, container washing, street sweeping and recyclable materials collection).

-- the design and manufacture of material handling plastic products (pallet boxes and crates) for agricultural, domestic and industrial use and other injection-moulding plastic products such as fish crates, and stadium seats;

-- the supply of special vehicles and equipment for the waste management industry; and

-- the recycling of used tyres

Demand for Helesi's products and services in developed waste management markets is driven by increasingly stringent regulation on waste management and recycling. Growing demand is also being experienced in developing countries, which are looking to establish centralised and orderly waste management services. Helesi has developed a strong market position in both the developed waste management markets of Western Europe as well as in the high growth markets of South-eastern Europe, the Mediterranean and the Middle East. With sales in 52 countries, the Company derives more than 70% of its waste container revenue internationally.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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