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Eco City Vehicles - Board Changes and Change of Adviser

RNS Number : 9565S
Eco City Vehicles PLC
23 March 2016

23 March 2016

Eco City Vehicles PLC

("ECV" or the "Company")

Board Changes and Change of Adviser


The Company today announces the following changes to the board of directors (the "Board").

Clive Carver joins the Board as a Non-Executive Director with immediate effect. After qualifying as a chartered accountant with Coopers & Lybrand in 1986, Clive pursued a career as a corporate financier with Shire Trust, Kleinwort Benson, Price Waterhouse, Williams de Broe and Seymour Pierce, culminating in his role in 2006 as a founding Director and Head of Corporate Finance of finnCap, which he undertook until 2011.  Clive is currently Chairman of three quoted companies and a non-executive director of Darwin Strategic Limited.

In addition, John Swingewood (Non-Executive Chairman) and Ran Oren (Non-Executive Director) have stepped down from the Board with immediate effect. The Company thanks both John and Ran for their significant contribution to the Company since their respective appointments.

The Company is also pleased to announce that finnCap Limited has been appointed as Nominated Adviser and Broker to ECV with immediate effect.

The Board continues to evaluate acquisition opportunities in line with the Company's investing policy, remains confident in the Company's ability to complete a transaction by 20 July 2016 and will update the market in due course.

The following information is disclosed in accordance with Schedule Two paragraph (g) of the AIM Rules for Companies:

Clive Nathan Carver, aged 55 years, has been a director or partner of the following companies during the five years preceding the date of this announcement:


Within the past 5 years

365Agile Group plc

Roxi Petroleum plc

Eargon Petroleum plc

ELK Associates LLP

ELK Corporate Services Limited

Ascent Resources plc

Ascent Resources d.o.o.

Darwin Strategic Limited


Fairfax Close Management Limited

Lochard Energy plc

Zeus Petroleum plc

XCAP Securities plc

finnCap Limited

fastjet plc


There are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.


Eco City Vehicles PLC

Charles Vivian, Non-Executive Director                                                                 +44 20 7965 8149

MXC Capital Markets LLP (Financial Adviser)                                             

Charlotte Stranner/Steven Zhang                                                                            +44 20 7965 8149

finnCap Limited (Nomad and Broker)

Jonny Franklin-Adams/James Thompson                                                            +44 20 7220 0500  




This information is provided by RNS
The company news service from the London Stock Exchange

Quick facts: Eco City Vehicles

Price: -

Market: AIM
Market Cap: -

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