16 November 2011
Metal-Tech Ltd ("Metal-Tech" or "the Company") Directorate Change
Metal-Tech, the producer and recycler of speciality metals
such as Tungsten and Molybdenum, announces that Mr. Modi
Ashkenazy has resigned from his position as a Statutory
External Director of the Company for personal reasons with
immediate effect.
As a replacement for Mr. Ashkenazy, the Company intends to
appoint Ms Einat Henzel Mor to the Board as a Statutory
External Director. Ms. Henzel Mor, 41, is currently Chief
System Analyst at Sivron Technologies Ltd., a leader in
trading technologies, specialising in securities, futures and
options trading. Prior to her role at Sivron, Ms. Henzel Mor
was a System Analyst at Matrix IT Ltd. between the years of
2004-2009.
Ms. Henzel Mor's appointment shall become effective only upon
receipt of all required corporate approvals under Israeli
law, which shall include the approval of the general meeting
of shareholders for which the Company shall convene an
extraordinary general meeting in the near future, and the
appointment is further subject to completion of any
disclosures that may be required pursuant to paragraph (g) of
schedule 2 of the AIM Rules.
Aik Rosenberg, Executive Chairman and CEO of the Company,
said: "I would like to thank Mr. Ashkenazy for his time
at Metal-Tech. He has brought helpful insight and support for
which I and my fellow directors are very grateful. We look
forward to welcoming Ms. Henzel Mor to the Board of
Metal-Tech and benefitting from her expertise and
experience."
Ariel (Aik) Rosenberg
Panmure Gordon +44 20 7459 3600
Aubrey Powell / Abhishek Majumdar
Hannah Woodley / Charles Leigh-Pemberton
Harry Chathli, Alexis Gore