ACTA.L Regulatory News (ACTA)

19 Dec 2006 07:01

Acta S.p.A.19 December 2006 19 December 2006 Acta S.p.A. ("Acta" or the "Company") Directorate Change The Board of Acta is pleased to announce the appointment of Dr Fabio Mastrangelo(age 45) as Non Executive Director of the Company and Chairman of the AuditCommittee. Dr Mastrangelo replaces Professor Alberto Nobolo, previously NonExecutive Director and Chairman of the Audit Committee, who has resigned due toan increase in his University commitments. Although Fabio Mastrangelo willfulfil the above roles from today, under Italian Company Law his appointment asNon Executive Director requires ratification at the Company's next AGM. FabioMastrangelo holds no beneficial interest in the Company's shares. Paolo Bert, Acta's CEO said: "I would like to thank Alberto for his assistanceand support in guiding the Company through its admission to AIM and early growthstages as a public company. His advice and experience has been of great value tothe Company through this important period. We are delighted to welcome Fabio,who brings considerable experience as Audit Committee Chairman of severalItalian industrial and commercial groups, including the Italian subsidiaries ofmulti-national public companies. We believe that Fabio's experience will be agreat asset to us as we move forward into full commercialisation." There are no other matters which are required to be announced under Rule 17 ofthe AIM rules. For further information, please contact: Acta S.p.A:Toby Woolrych, Chief Operating Officer Tel: +44 (0) 20 7360 4900 Smithfield Consultants:George Hudson / Noemie de Andia Tel: +44 (0) 20 7360 4900 Notes to Editors: Acta, which was admitted to AIM in October 2005, is a manufacturer ofplatinum-free catalysts for the portable electronics and renewables markets.Acta uses a patented manufacturing process to make uniquely active catalysts,branded HYPERMEC, which are able to perform as effectively as expensive platinumcatalysts. Acta's catalysts offer customers technical usage benefits,significant cost savings and allow for the first time the use of ethanol, whichis a safe and environmentally friendly fuel. Products in the target portableelectronics market include laptop computers and mobile phones, and in therenewables market include electricity supply, automotive power and hydrogengeneration. This information is provided by RNS The company news service from the London Stock Exchange