TIDMMES
RNS Number : 8279H
Messaging International Plc
22 August 2016
22 August 2016
Messaging International plc
("MI" or the "Company")
Change of Name to SigmaRoc plc
Directorate Changes and appointment of CEO
Change of Adviser
Further to the announcement made earlier today, the Company is
pleased to announce that its change of name to SigmaRoc plc is
expected to become effective on 24 August 2016 and reflects the new
investment strategy to invest in and/or acquire companies and/or
projects within the construction materials sector, which are either
cash flow generative or show significant potential for growth and a
profitable exit.
Furthermore, the Company announces the appointment, to its board
of directors (the "Board"), of Max Vermoken as Chief Executive
Officer, and David Barrett and Dominic Traynor, as non-executive
directors, with immediate effect. Horacio Furman, Irvin Fishman and
David Rubner have resigned from the Board with immediate effect. In
addition, Guy Levit has stepped down as Chief Executive Officer of
the Company, however, he will remain on the Board as an executive
director until the Company has released its interim results for the
six months ended 30 June 2016.
The Company is also pleased to announce the appointment of
Strand Hanson Limited as its nominated adviser with immediate
effect.
SigmaRoc Strategy
The Company's investment strategy is to invest in and/or acquire
companies and/or projects within the construction materials sector.
It is anticipated that the geographical focus will primarily be
frontier and niche markets such as Africa and the Middle East as
well as certain European regions, where the Company's smaller size
and resultant nimbleness is expected to provide a competitive
advantage in a sector dominated by major industry players
(particularly in more developed economies).
In selecting investment and/or acquisition opportunities,
SigmaRoc will focus on three types of business:
-- businesses, assets and/or projects in markets where
anticipated structural change can lead to growth or consolidation
within the construction materials sector;
-- businesses which present a steady cash flow opportunity
allowing the Board to build a baseline income to sustain its
further expansion projects; and
-- businesses or projects which present a clear opportunity for
the Board to take advantage of cyclical weakness within established
production majors.
Director Appointments
Max Vermorken has been appointed as the Chief Executive Officer
of the Company. Max was most recently a strategic advisor to
LafargeHolcim Ltd ("LafargeHolcim"), the world's largest
construction materials group. His last role included responsibility
for the hive-down and integration of two large asset portfolios - a
mix which included two cement plants and a multitude of down-stream
aggregates and construction materials assets - in the context of
the global merger of Lafarge SA and Holcim Ltd. Prior to working
for LafargeHolcim, Max worked in private equity at
Luxembourg-headquartered The Genii Group, were he reported directly
to its founding principals. Max holds a PhD in Financial Economics
from University College London and Bachelor and Master degrees in
both Civil Engineering and Financial Economics and Management, from
University College London and the University of Brussels
respectively.
David Barrett has been appointed as a Non-Executive Director of
the Company. David co-founded London Concrete Limited ("London
Concrete") in 1997, subsequently building the business from one
concrete plant in London to over a dozen plants around the capital.
London Concrete was ultimately sold to Aggregate Industries UK
Limited and is currently the number one concrete supplier in
London, with flagship projects including the London Olympic Park,
the Shard, the US Embassy and the new Bloomberg building. Prior to
co-founding London Concrete, David worked at Pioneer Concrete.
David retired from London Concrete in 2015 and is widely considered
an expert in the industry.
Dominic Traynor has also been appointed as a Non-Executive
Director of the Company. Dominic is a corporate lawyer specialising
in listings and takeovers, M&A and corporate finance. Dominic
has acted on more than 20 AIM-admissions as well as numerous
reverse takeovers, other acquisitions, joint ventures and secondary
fundraisings, with a particular focus on the mining and oil and gas
sectors. Dominic graduated from Durham University in 1997 with a
degree in Law and, after completing the LPC at the College of Law
in York, joined Ronaldsons LLP, where he is currently a Partner, as
a trainee in 1998 qualifying in 2000.
The following information is disclosed pursuant to Schedule 2(g)
of the AIM Rules for Companies:
Maximilian Alphonos Marin Vermorken (aged 32)
Past directorships
Current directorships (last 5 years)
Skyeye Consulting
Limited Skyeye Capital Limited
Reel Raise Limited
David Kenneth Barrett (aged 58)
Past directorships
Current directorships (last 5 years)
Hough Estates (Management) London Concrete
Limited Limited
Thames Aggregates
Limited
Chiltern Green Homes
Limited
Thames Recycling Limited
Dominic Traynor (aged 40)
Past directorships
Current directorships (last 5 years)
Millenium Trading Vantage Biofuel
Limited Production Limited
Watermark Global
Accloud plc Limited
Ecoretyre Limited Odye Group Limited
Metallum Portfolio
Limited Odye Services Limited
Cracking Limited Odye (Oman) Limited
Ausinox plc Odye Limited
Wildcat Investments PS Africa Minerals
Limited Limited
Georgian Copper &
Gold Limited Celebre Art Limited
Exploration Minerals Arctic & Equatorial
Limited Drilling Service
Tau Mining Limited Shellsite Limited
Ronaldsons LLP Handirack UK Limited
Spitfire Materials New Horizons Energy
Ltd Limited
Global Oil Shale
Holdings Inc Running River plc
Larkswood Limited
London Gulf Partners
ODYE Ltd Limited
ODYE Africa Ltd D&B Cooper Limited
Old Park Lane Investments African Mining &
Ltd Exploration Limited
Aridos Mengibar
Sigmaroc Ltd UK Limited
Salvador Investments
LIP Investments Ltd Limited
City Ideas Ltd Monumentum Limited
Bloomsbury Company
Secretaries Ltd
Bloomsbury Nominees
Ltd
London Commodity
Traders Ltd
There is no other information that is required to be disclosed
pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies.
Change of Name
The Company confirms that application is being made for the
change in the Company's name to SigmaRoc plc and it is expected to
become effective and that trading in the Company's shares on AIM
under this new name and TIDM (SRC) will commence at 8:00 a.m. on 24
August 2016. The Company's new ISIN will be GB00BDBY9264. In
addition, the Company's new website address will change to
www.sigmaroc.com tomorrow.
Change of Adviser
The Company is also pleased to announce the appointment of
Strand Hanson Limited as Nominated Adviser with immediate
effect.
Change of Registered Address
The Company also announces that application has been made for a
change in the Company's registered address to 47 Charles Street
London, W1J 5EL.
-Ends-
For further information, please contact:
SigmaRoc Limited
+44(0)20
Max Vermorken 7193 4470
Strand Hanson Limited (Nominated +44(0)20
and Financial Adviser) 7409 3494
James Spinney
James Dance
Peterhouse Corporate Finance +44(0)20
Limited (Broker) 7469 0930
Eran Zucker
Lucy Williams
Duncan Vasey
Tavistock ((Public Relations adviser) +44 20 7920 31510
Jos Simson
Edward Portman
Barney Hayward
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBUGDIDSDBGLD
(END) Dow Jones Newswires
August 22, 2016 11:45 ET (15:45 GMT)
Messaging International (LSE:MES)
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Messaging International (LSE:MES)
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