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Group finance director and non executive director appointments

 

 

Landkom International Plc (AIM: LKI, "Landkom" or the "Company"), the Ukrainian producer of high-value oil seed rape and wheat, has appointed to the board, Warwick Smith as Group Finance Director and Laurence Holyoake as a non-executive Director with immediate effect.

Warwick was previously the Company's commercial manager. He has been extensively involved in the financing of the Company since it was established and had an integral role in the IPO. He has extensive finance experience working in emerging markets in the environmental sector having held a number of financial
and commercial roles during the last 15 years. He has assisted in the start-up and development of a number of international businesses focused on the environmental sector including the New Forests Company, an East African forestry company.

Laurence has had over 15 years of banking and investment experience in Asia, North America and Europe. Laurence worked initially with Barclays in London and then the leading global inter broker dealers CMTS and Inter Capital in Hong Kong for whom he developed highly profitable Asian businesses. Laurence co-founded the British Seafood Group in 1995 and in 2001 Laurence took up the full time position of Group Managing Director. From 2005 to 2007 Laurence was instrumental in re-energizing and significantly building BGC Partners' US interest rate derivative market business.

Neil Balfour, Landkom Chairman, commented:
"I am delighted that Warwick has stepped up to become the Group Finance Director, he has been involved with Landkom since its inception and has extensive international financial and agricultural experience. Laurence will also provide further international and financial markets knowledge and understanding."


Schedule 2 of the AIM Rules

The following information is given in relation to Mr Smith and Mr Holyoake as required by paragraph (g) Schedule 2 of the AIM Rules for Companies.

Warwick Smith, age 36, has not been a director of the any company during the previous five years. Mr Smith holds, through his stake in Lagoon Investments, 750,000 shares in the Company.

Laurence Mark Holyoake, age 40, is or has been a director of the following companies during the previous five years.


Current Directorships:
Ethanol Investments plc
Puma Capital Limited
Puma Property Limited
Puma Trading Limited
Ukraine timber Limited
Elevationz Limited


Past Directorships:
Bloomsbury International Limited
Bloomsbury Logistics
British Sea Food Limited
China Export Finance Limited

No further information to be disclosed under paragraph (g) Schedule 2 of the AIM rules for Companies.

The Company is publishing its preliminary results for the year to 31 December 2007 on 10 April 2008.


For further information:

Landkom International Plc
Richard Spinks, Chief Executive
Tel: +380 673 410 140

Libertas Capital
Aamir Quraishi/Stephen Pickup
Tel: +44 (0)20 7569 9650

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


Note to Editors
Landkom International PLC is a large scale producer of agricultural feedstock, principally oil seed rape and wheat, for supply to the European biodiesel and food industries.

Operating in Western Ukraine in the prime, fertile lands close to the border with Poland, Landkom has secured a land bank in excess of 67,000 hectares (as at 3 March 2008) and has completed the plantation of its first commercial crop of over 10,000 hectares. Landkom has a target to increase the land bank in Ukraine to at least 350,000 hectares by 2011.

Landkom is implementing Western-style agronomy practices using modern agricultural equipment to carry out efficient, large-scale farming techniques that will result in greater return from the land, increase levels of employment in the region and support further investment into the local economy.

Following first round funding in April 2007 of 6.9 million, Landkom completed a listing on AIM in mid November 2007 raising net 50.1 million at a valuation of 98.4 million.


 


08 April 2008


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