Pires Investments PLC – PIRI – Directorate change
Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, is pleased to announce that David Palumbo has been appointed as a Non-executive Director of the Company, effective immediately.
David is currently the Chief Executive Officer of AIM-listed EQTEC plc ("EQTEC"), a leading gasification technology solutions company for sustainable waste-to-energy projects, having joined EQTEC's board in August 2019. Since becoming Chief Executive Officer, EQTEC's valuation has increased significantly, and the company now has a market capitalisation of over £160 million.
David is an experienced entrepreneur with over 20 years of experience in private equity, venture capital and asset management. Since 2006, he has founded and co-founded a number of companies in various industries such as cleantech, digital technology, and real estate. David is also the Founding and Managing Partner of Origen Capital LLP, a private investment firm representing family offices and private consortia in Europe, CIS and Latin America. He holds a BSc and an MSc in electrical engineering.
Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of David Lawrence Palumbo (aged 44):
Appointments in the last five years
Argentari Capital LLP
ARKHA 1 LLP
ARKHA 2 LLP
ARK Property Portfolio Services Limited
ARK Living Limited
Ecofinance (GLI) Limited
Commando 750 Limited
Deeside WTV Limited
Humber Gate WTV Limited
Origen Capital Advisers LLP
Origen Capital LLP
Origen Capital Partners Limited
Mr Palumbo was appointed as a Director of Eagle Tower Investments Limited on 8 November 2005 and resigned on 24 April 2009. A receiver was appointed on 1 March 2010 and the commencement of winding up the company began on 18 May 2011 and concluded on 12 November 2014. The company was subsequently dissolved via a company liquidation on 19 February 2015.
David Palumbo does not hold any shares or options in the Company.
There is no further information regarding David Lawrence Palumbo required to be disclosed under the AIM Rules.
Peter Redmond, Chairman of Pires, commented:
"We are very pleased to welcome David to the Pires' board. He brings a wealth of relevant experience, an excellent network and reputation; all of which will be extremely valuable as we continue to grow and develop the Company."