Landkom Intl Plc: Board Appointment | Company Announcements

Monday 28 September, 2009

Landkom Intl Plc

Board Appointment

RNS Number : 7378Z

Landkom International Plc

28 September 2009

LANDKOM INTERNATIONAL PLC

Board appointment

Landkom International PLC (AIM: LKI, 'Landkom' or 'the Group'), the Ukrainian producer of high value oilseed rape ('OSR') and wheat, has appointed Vitaliy Skotsyk to the Board with immediate effect.

Vitaliy Evstafiy Skotsyk, aged 37, a Ukrainian citizen, brings valuable local and international experience in the agricultural sector, having built up and led AMACO, one of the largest agricultural equipment and input suppliers in the CIS over the past 12 years.

He has a PhD in Agriculture from the Ukraine State Agriculture University, a Doctorate of Economics in Strategic Management from the International Management University, Kiev, and has worked in key positions in agricultural businesses in the UK and USA. Vitaliy will remain General Manager of AMACO.

Separately, the Group has today published its Interim Results for the six months to 30 June 2009.

Neil Balfour, Chairman of Landkom commented:

'Vitaliy brings invaluable experience to us. His knowledge and local expertise will be important to all aspects of our operations in Ukraine, and will enable us to accelerate the restructuring initiatives across all activities from equipment, farming strategy, staffing and legal structure to political relations.'

Further information for Vitaliy Skotsyk required to be disclosed in respect of the above appointment pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies, is as follows:

Current directorships

Amaco Ukraine Limited
Major Ukraine Ltd - a company formed for a proposed real estate development project in Ukraine, which has not progressed and is now in the process of being liquidated.

Mr Skotsyk is to be granted options to acquire 2,400,000 shares in the Company representing 1.0 per cent of the current issued share capital of the Company. These options are exercisable at the market price at the time of issue.

For further information:

Landkom International Plc (www.landkominternational.com)
Neil Balfour, Chairman Stephen Pickup, Chief Financial Officer	+44 (0) 1462 790175

Liberum Capital
Simon Atkinson	+44 (0)20 3100 2000

College Hill
Adrian Duffield/Simon Whitehead	+44 (0)20 7457 2020

This information is provided by RNS

The company news service from the London Stock Exchange

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