PANC Panceltica

    RNS Number : 7056D
  Panceltica Holdings Limited
  18 September 2008
   

 For Immediate Release  18 September 2008

    Panceltica Holdings Limited
    ("Panceltica" or the "Group")

    Board change

Panceltica (AIM: PANC), the Qatar based provider of fast track steel technology to the international construction industry, today announces
the following board changes.
               
Colin Fitzpatrick the Group*s finance director has decided to step down in order to return to the UK.  The board of directors wish Colin
every success for the future and thank him for his commitment during the admission process and for his efforts in setting up the Group*s
internal systems and processes.
    The board are therefore pleased to announce the appointment of Ben Bright, CFA, as Colin*s replacement. Ben joins Panceltica having
spent more than 8 years with Arthur Andersen and Deloitte*s. At Deloitte*s he worked with FTSE 350 companies with both UK and global
operations as well as project managing a number of LSE Main Market and AIM IPO assignments in the UK, China, Australia, Qatar and New
Zealand.


    Paul Fraser, Group Chief Executive Officer, commented:

*I have worked alongside Colin for over 20 years and would personally like to thank him for all his efforts. In particular, Colin made a
significant contribution to our successful IPO and we wish him well for the future.
 
I would also like to welcome Ben to the Group and believe he has the right depth of practical finance experience for the role having worked
with the Panceltica team whilst at Deloitte and has good sector knowledge. He is an excellent addition to our team.*

There are no other matters which require disclosure pursuant to paragraph (f) of Schedule 2 of the AIM Rules.


    For further information please contact:

    
 Panceltica Holdings              Today: Tel: +44 (0)
 LimitedPaul Fraser, Chief                    20 7466
 Executive OfficerBen Bright,    5000Thereafter: Tel:
 Chief Financial OfficerAnthony        +974 462 2252 
 Wilson, Deputy Chairman
  Blomfield Corporate Finance     Tel: +44 (0)207 489
 Limited, NominatedToby Howell/                 4500 
 Charlie Hill-Wood
  Hichens, Harrison & Co. plc,    Tel: +44 (0)20 7382
 BrokerMartin Lampshire                         4450 
  Buchanan CommunicationsMark    Tel: +44 (0) 20 7466
 Edwards / Jeremy Garcia                       5000  



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