18 May 2007
For Immediate Release 18 May 2007
The Board of Qonnectis plc ('Qonnectis' or 'the Company') is pleased to announce
the appointment of Guy Arthur Chant as a Non-Executive Director.
Guy Chant (53) has had extensive experience within the European utilities
industry, at both senior management and Board levels. Between 2002 and 2004 he
was Commercial Director of Thames Water Utilities Ltd and External Affairs
Director of Thames Water plc. More recently, Guy was Executive Director at
Berlinwasser Holding AG, (a joint venture between Land Berlin, RWE/Thames Water
('RWE') and Veolia Environnement S.A.) the main water utility serving the city
of Berlin. He left the Thames Water group during 2006 following RWE's
announcement of its intention to sell its UK subsidiary.
Prior to entering the utilities industry, Guy was Marketing Director of Crane
Ltd and a Director of Crane Europe Ltd. Between 1995 and 1999 he was Managing
Director of Thames Municipal Products Ltd ('TMP'). Here he oversaw the
development of a group of Thames Water-owned manufacturing and engineering
businesses operating in Europe, America, the Middle East and Asia. This group
included a business called Talisman Systems, established for TMP by Qonnectis'
founder and CEO, Michael Tapia, in 1994 which he took to leadership in the
European utility metering market prior to its sale to Severn Trent Water in
1997. Guy was an early investor in Qonnectis (his current shareholding in
Qonnectis plc amounts to 1,115,694 shares, representing 0.51% of the issued
share capital) and a member of the board when it was a private company prior to
its merger with IP Holdings plc in April 2003.
Commenting on Mr. Chant's appointment, Richard M. Taylor, Chairman, said:
'I am delighted that Guy is joining the Qonnectis Board. I am sure that his
insight into the challenges and opportunities currently facing the European
utility industry, and how Qonnectis can take best advantage of them, will prove
Mr. Chant has been a director or partner in the following companies during the
past five years:
Thames Water Services Limited
Qonnectis Networks Limited
Qonnectis Group Limited
Central Berkshire Education Business Partnership
There is no further information to disclose in accordance with Schedule
Two(g) of the AIM Rules.
The Company also announces the resignation of Percival Albuquerque as a
Non-Executive Director effective 17th May 2007. The Board wishes to thank Mr.
Albuquerque for his contribution to the Company's development.
For further information, contact:
Michael Tapia, Chief Executive Officer 01932 788299
Edward Hutton 020 7510 8600
Michael Padley/Sue Scott 020 7367 8888
This information is provided by RNS
The company news service from the London Stock Exchange