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REG - Mortice Limited - Results of EGM and Directorate Change
Released: 11/01/2010
Released: 11/01/2010
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RNS Number : 3159F
Mortice Limited
11 January 2010
Mortice Plc
("Mortice" or the "Company")
11 January 2010
Results of Extraordinary General Meeting and Directorate Change
Mortice Ltd (AIM:MORT), the AIM listed security and facilities management company based in India, is pleased to announce
that at the Extraordinary General Meeting ("EGM") of the Company held earlier today, all resolutions put to shareholders
were passed.
Following the EGM, the Company is pleased to announce that Mr. Shanker Iyer has today been appointed as a non-executive
director of the Company.
Mr. Iyer qualified as a Chartered Accountant in London in 1973 and was a partner of a major UK accounting firm for over 10
years. He has been practising as an accountant in Singapore since 1984 and founded The Iyer Practice in 1993. He is
Chairman of the International Fiscal Association, Singapore Branch and Chairman of The Tax Committee of Singapore
International Chamber of Commerce.
He currently serves as 1st Deputy Chairman of the Singapore International Chamber of Commerce, is a Past President of the
European Chamber of Commerce, Singapore and the British Chamber of Commerce, Singapore.
In January 2002, Mr. Iyer was awarded an OBE for his services to British commercial interests in Singapore.
Mr. Iyer, aged 58, is or had been a director of the following companies within the past five years:
Current Directorships Past Directorships
Singapore International Chamber of Commerce Agni Inc. Pte Ltd
The Hamon Investment Group Pte Limited Citadel Investment Group Pte Ltd
Pelican Management Services & Trading Pte Ltd Remark Singapore Pte Ltd
Shanker Iyer Consultants Pte Ltd
Tarai Trading Pte Ltd
Carnews.com Pte Ltd
Anaid Pte Ltd
GNS International Limited
Entity Holdings Pte Ltd
Mine & Metal Trading Pte Ltd
Easy Life (Singapore) Pte Ltd
Alpha Global Property Securities Fund Pte Ltd
Singtrust Limited
Inposse Singapore Pte Ltd
Aspire International Inc
Tangent Holding Limited
Atria Hydel Power Limited
Iconic Global Limited
MC International Pte Ltd
Fordway Pte Ltd
Polymeters Response International Pte Ltd
ParkEast Pte Ltd
Innoworth Limited
Brooksfield Limited
Advaita Energy Ventures Ltd
Mr. Iyer was a director of Agni Inc. Pte Ltd until 10 July 2009. Agni Inc. Pte Ltd was placed into receivership on 10 July
2009. The Company is currently under the control of the Receivers.
There is no other information regarding Mr. Iyer that is required to be disclosed pursuant to Schedule 2 paragraph (g) of
the AIM Rules.
Commenting on the appointment Mr. Manjit Rajain, Chairman of Mortice, said: Mr. Shanker Iyer is a well known and seasoned
professional in Singapore, UK and Europe, primary geographies where we are tuned into and the company expects to benefit
from his vast cross country work experience which will greatly contribute in Mortice's growth plans and his guidance to the
board in shaping the future strategies will be highly valuable.
For further information please contact:
Mortice Ltd
Manjit Rajain, Executive Chairman Tel: +91 981 800 0011
Grant Thornton Corporate Finance (NOMAD)
Fiona Kindness / Robert Beenstock Tel: +44 207 383 5100
Seymour Pierce Ltd (Broker)
Nandita Sahgal Tel: +44 207 107 8000
Pelham PR
Alex Walters / Francesca Tuckett Tel : +44 207 337 1500
Notes to Editors
Mortice Limited, the India based security and facilities management company incorporated in Singapore, listed on AIM in May
2008. It is the holding company of Peregrine Guarding Private Limited (Peregrine), Tenon Property Services Private Limited
(Tenon) and Rotopower Projects Private Limited (together referred to as the "Group"), an Indian Facilities Management based
in Delhi, which was acquired by the Group in June 2009.
Peregrine has been providing security services in India for 14 years, establishing a client base of over 450 customers and
developing a strong pan-India presence providing manned guarding in the process. Peregrine Group had opened 51 branches in
23 out of the 28 Indian states and has clients in a range of sectors including ITES, manufacturing, pharmaceutical, banking
and healthcare.
Tenon, the facilities management arm of Mortice, was established to provide superior quality FM services to Peregrine
client base. Tenon today operates in 16 Indian states and employs 1200 people serving 30 clients.
Rotopower was established 12 year ago and now employees over 1,600 employees servicing over 75 clients across 15 states in
India. It provides a range of facilities management services that include mechanical and electrical maintenance services,
annual maintenance contracts and housekeeping services to a wide range of customers. Rotopower also provides services to
telecom tower companies for the maintenance and running of electrical equipment.
This information is provided by RNS
The company news service from the London Stock Exchange