bosley
- 20 Feb 2004 09:34
oblomov
- 13 Mar 2006 08:02
- 15583 of 27111
Stanelco PLC
13 March 2006
13th March 2006
Stanelco plc ("Stanelco" or the "Company")
Appointment of new Finance Director
Stanelco plc, the RF applications group, is pleased to announce the appointment
of Clive Warner as Finance Director. Mr Warner will commence his appointment
today replacing Mr Robert Boardman who leaves the Company today to pursue his
own business interests.
Clive Warner, age 53, joins Stanelco from NAAFI, a global provider of retail,
leisure and catering services to the Armed Forces, where he has served as
Finance Director since 2002. Clive is a Chartered Accountant who gained the
majority of his business experience in the retail and leisure sectors including
with Sears, Woolworth and UCI Cinemas. Clive will continue to serve as Finance
Director at Naafi before focusing full-time on his new role at Stanelco which
will be by 1 July 2006 at the latest.
Clive has been a non-executive director of Mygard plc since April 2004. There is
no additional disclosure required pursuant to Listing Rule 9.6.13.
Martin Wagner, Chief Executive, Stanelco plc commented: "I am delighted that
Clive is joining our Board, his track record and wealth of experience will
strengthen the Company as we commercialise our technologies. I would also like
to thank Rob Boardman for his contribution towards the Company over the past
year and wish him success in his future endeavours."
Clive Warner, Finance Director, Stanelco plc commented: "I am looking forward to
the exciting challenge at Stanelco and contributing towards its future success."
Stanelco has today granted options to the trustees of the Stanelco Plc Employee
Benefit Trust (EBT) to acquire (by way of subscription) 10,000,000 ordinary
shares in the capital of the Company for an exercise price of 15.18 pence per
share. The Director's and Persons Discharging Managerial Responsibility (PDMR)
are interested in these options. Stanelco intends, in due course, to issue a
letter of wishes in respect of these share options to the trustees of the EBT
asking them to consider appointing these share options to sub trusts for the
benefit of Mr Martin Wagner his spouse, widow, children or stepchildren under
the age of 18 years old (in respect of an option over 5,000,000 shares at an
exercise price of 15.18 pence per share lapsing 12 March 2016) and for the
benefit of Mr Clive Warner his spouse, widow, children or stepchildren under the
age of 18 years old (in respect of an option over 5,000,000 shares at an
exercise price of 15.18 pence per share lapsing 12 March 2016). The appointment
of these share options into the proposed sub-trusts is at the discretion of the
trustees of the EBT and further announcement will be made should they choose to
act on the letter of wishes.
Robert Boardman continues to hold an option over 1,402,525 shares issued under
the EMI (Enterprise Management Incentive) scheme, but his interest in 6,097,475
share options held under the EBT lapses on cessation of his employment.
Including the options over 10,000,000 shares granted to the EBT today there are
options over 33,292,683 shares which have been granted by the Company to the
EBT. In addition to the above notification in respect of the 10,000,000 shares
subject to the options granted to the trustees of the EBT today, the Company
confirms that EBT holds share options on behalf of the Director's, PDMR and
employees as follows. For the benefit of Mr Ian Balchin and his family an option
over 8,000,000 shares at an exercise price of 10.25 pence per share lapsing 3
February 2015, for the benefit of Mr Howard White and his family an option over
7,024,390 shares at an exercise price of 10.25 pence per share lapsing 3
February 2015, for the benefit of Mr Robert Duggan and his family an option over
2,268,293 shares at an exercise price of 10.25 pence per share lapsing 3
February 2015, for the benefit of Mr Harald Schmidt and his spouse, children and
stepchildren under the age of 18 years old an option over 5,000,000 shares at an
exercise price of 19 pence per share lapsing 22 July 2015 and for the benefit of
Mr Martin Wagner and his family an option over 1,000,000 shares at an exercise
price of 19 pence per share lapsing 7 August 2015.
- Ends -
For further information please contact:
Ian Balchin, Executive Vice Chairman
Stanelco PLC
Tel: +44 (0)2380 867 100
Jonathon Brill/Billy Clegg
Financial Dynamics
Tel: +44 (0)20 7831 3113
About Stanelco plc
The Stanelco Group of companies (the Group) has brought together expertise in
radio frequency (RF) technology, RF applications and biodegradable material
sciences to create a revolutionary range of packaging technologies.
Stanelco's philosophy is that new products and processes must offer solutions
and applications which:
- give higher added value,
- are greener, more environmentally sustainable than those they replace and
- have protectable intellectual property rights.
Stanelco will develop the products and processes to a demonstration stage and
then work with partners in order to reach the markets; and under these
circumstances Stanelco will usually seek to license its technology. Stanelco
invests considerable time and resources in ensuring its technologies are
protected via layers of patents wherever possible.
In this way Stanelco believes it can minimise commercial risk and preserve the
highest value for shareholders.
The products offering the prospect of near term revenue generation are being
given priority over the Group's resources.
Stanelco was founded in 1953 and is a world leader in the development of radio
frequency technologies for processing polymers for edible and packaging
applications and the design and manufacture of optical fibre technology,
induction heating and dielectric welding equipment. Stanelco's current
developments include GREENSEAL Food tray lidding technology, STARPOL (starch /
pva blended material), STARPOL 2000 (highly functional, low cost biodegradable
packaging material with food contact approvals) FrogPack high impact low cost
packaging format, CradleWrap range of biodegradable air cushion packaging,
Soluble tape, 100% water-soluble films and adhesives, Biodegradable Airbag (void
fill) packaging, edible hard-shell capsule technology, water-soluble detergent
capsules, edible sachets and waste packing.
GREENSEAL, STARPOL, FrogPack and CradleWrap are all trademarks of the Stanelco
plc group.
This information is provided by RNS
The company news service from the London Stock Exchange
stockdog
- 13 Mar 2006 08:11
- 15584 of 27111
At first sight the new FD does not appear to have recent experience of a fast growing company whose capital needs require nimble promotion in the city, but he is obvioulsy a heavier weight than his predecessor. We'll see, I guess what he does - one of his jobs may well be the website(s) since FD's often look after administrative infrastructure. Let's hope he sees this as an early target of his energies.
sd
Mad Pad
- 13 Mar 2006 08:22
- 15585 of 27111
The new FD also isnt full time till maybe July,I hope he can multitask.
hewittalan6
- 13 Mar 2006 14:32
- 15586 of 27111
Oh Dear.
Baza will be back from holiday soon and we promised him we'd look after the sp for him while he was gone.
He's gonna get all sarcastic with us now. :-(((
Alan
JJS
- 13 Mar 2006 15:22
- 15587 of 27111
Good news !
Stanelco to Hold First Display of PetalPack at World Floral Expo 2006;
Impact-Resistant Packaging Specifically Designed to Protect fragile floral shipments
PetalPack, a high impact-resistant, uniquely-shaped
packaging solution designed to protect fragile floral shipments, will
be showcased at the World Floral Expo 2006 in Miami, Fla., March 15-17
at the Sheraton Miami Mart Hotel & Convention Center. The World Floral
Expo will mark the first exhibition of PetalPack packaging solutions
from Stanelco PLC (LSE:SEO) and the exclusive U.S. manufacturer of
PetalPack, Elwood Packaging, Inc.
"The World Floral Expo provides a great opportunity for attendees
to see PetalPack and how the containers are designed specifically to
benefit their industry and bottom line," said Stephanie Morgan-Fisher,
director and CEO of North American Operations, Stanelco. "Created to
withstand the heavy abuse often occurring during the shipping process,
PetalPack containers protect the flowers and by doing so, reduce the
operating costs of commercial florists."
PetalPack's double-arch design and its use of shock-absorbing
arcuate panel technology provide strength and energy-absorption
greater than current packaging solutions. PetalPack can be custom
sized and can accommodate various floral sizes, from a bouquet in a
vase to a long-stemmed floral arrangement. The containers' lightweight
design reduces shipping costs and, because PetalPack containers are
cut from flat stock, pre-folded containers can be stacked on top of
one another minimizing the space needed for storage. PetalPack also
provides an environmental benefit as the containers can be easily
recycled or composted.
Stanelco and Elwood will present PetalPack containers at booth
#1010 during the Expo. Over 700 attendees, representing over 300
international floral companies, are expected to attend this year's
Expo. The 2006 Expo will feature fresh flowers from 14 countries and
have national pavilions from Ethiopia, Kenya, Australia, Mexico, Costa
Rica, Ecuador and Uganda.
tweenie
- 13 Mar 2006 15:42
- 15588 of 27111
nice find jjs. every little helps.
looking at the trades, I get the feeling a lot of people are selling their SHORT positions. Or am I reading the results wrong. Please feel free to enlighten me. No abuse please. Am still learning.
JJS
- 13 Mar 2006 18:05
- 15589 of 27111
Hello Tweenie,
The trading vs Share Price looks very strange, especially this morning when the ask was up to 15p and the bid was 14.25p it looked like the old days of MM's lowering the bid to fill a big order, but in these SETS days it's anyones guess as to the strangeness.
The other strange bit is the price drops last week and today, and closing either level or up, without the buy or sell volume to back up such price movements.
Oh well, hopefully more news tomorrow :)
Biscuit
- 13 Mar 2006 18:45
- 15590 of 27111
I wonder if some MM's are trying to build up some stock, therefore buying up any loose shares? Don't know but someone is soaking them up but would have expected large trades on Fridat and today if that was the case. I can only guess it's the MM's themselves. Opinions?
EWRobson
- 13 Mar 2006 20:24
- 15591 of 27111
Welcome on board, Prospector. Excellent post. I feel there is a general problem of managing expectations. Expectations appear mostly to assume that Stanelco is a well-established company, experienced staff in all aspects of the business, plenty of support back at base. Then you look at the R&D for the year at 3.4m. The cap. of 130m you would expect to be supported by hundreds of staff. But 3.4m at 68K per man-year is 50 people. And that is across a quite amazing and demanding product range. Then you look at the admin. expenses of 3.1m: perhaps 50 man-years to support several hundred million pounds worth of potential.
So, perhaps we need to 'get real'. You speak of SEO roles as (a) product; (b) bring to market; (c) marketing. I would say that the key strength of the company is in innovative technology. That has led to products which seem to have been somewhat immature, or pushed to the market ahead of proper timing in the development cycle. So you learn at the client site instead of the test bed back at the ranch. Bringing to market is seizing the opportunity rather than a professional launch process. Marketing is something that happens rather than a professional function.
In the light of this, what should be our expectations?e More of the same, I suspect. But haven't many success stories started from a similarly unbalanced base. So the popint about sticking the shares away rather than fretting about every missed promise and every vague generality is probably the best policy. Its going to take some time to rev up to an efficient machine but that doesn't mean that the eventual achievment will not be stratospheric and worth waiting for.
Eric
JJS
- 13 Mar 2006 21:01
- 15592 of 27111
I think I'm getting the hang of the posting icons now !
http://www.hppexhibitions.com/floriculture/2006/miami/
World Floral Expo 2006 doubles in size and attendance.
The second annual Miami based World Floral Expo, to be held from Wednesday March 15 to Friday March 17 in the renewed State of the Art Sheraton Miami Mart Hotel & Convention Center, is showing a strong growth for this year's edition, both in exhibitors floor space and attendance of floral buyers.
With almost 2 months to go, booth space has doubled and the number of exhibiting companies has increased from 63 to 131. Pre registrations of classified buyers already have exceeded 2005 attendance and it is expected that the goal for 2006, a 50% increase in attending buyers will be achieved. From 336 attending qualified buyers in 2005 to 504 in 2006.
The Expo will present fresh flowers from farms of 14 countries from 4 different continents. The Expo will have national pavilions as well from Australia, Costa Rica, Ecuador, Mexico, Ethiopia, Kenya and Uganda.
"It is becoming a real World Floral Expo and exactly as we have meant it to be. World Floral Expo must become THE Showcase for all fresh imported floral products into the USA, and as Miami is the gateway for the vast majority of US flower imports, this event has found the right concept and in the right place", said Dick van Raamsdonk, CEO of HPP Exhibitions.
"The speed of the growth and internationalisation of this Floral Trade Expo should therefore not be a surprise. What is a surprise, is the fact that Miami didn't have an established .oral trade show long time before in its city. Look at the yearly held international Flower Show in Aalsmeer, Holland, and organised in the biggest building of the world, The VBA Aalsmeer Flower Auction. Although recently moved to nearby Amsterdam, this 30 year old Expo reflects the importance of the Dutch Floral Industry in Europe and even the rest of the world. Miami is, on its turn, in the same position as Aalsmeer within the North American market and therefore the most natural place to also host such an important event", according to the director of the Show.
The Expo is set up especially for volume buyers of fresh floral products. Therefore the organisers focus on attracting floral wholesale distributors and retailers with a yearly sales turnover of at least US$ 1,000, 000.00.
At this moment over 300 international floral companies, representing over 700 attendees, have already confirmed their presence during World Floral Expo and the number is expected to go up considerably in the coming 2 months.
Besides the Trade Show, several other industry related events will be organised during World Floral Expo 2006.
JJS
- 13 Mar 2006 21:09
- 15593 of 27111
If they attract distributors and retailers with minimum turnover of $1m, and they have over 300 companies attending, doesn't that mean a market of at least $300m at the show ?
I hope they like the PetalPack :)
I see nobody else has picked up that Elwood have now advanced to "the exclusive U.S. manufacturer of PetalPack", as the last I knew they were just looking at it.
Prospector
- 13 Mar 2006 21:16
- 15594 of 27111
Eric
Many thanks for your post, my view is that this is a company with excellent potential and as such is a stock to tuck away and invest in rather than trade in. Long term with the types of quality names that are being banded around, the potential for this stock seems huge.
I think the main point i was trying to make was that the next few months are very important for the company, we all understand the issues with the Asda contract and the delay in installing these machines, however now these appear to be resolved we need to see some real progress in installations in the next few months. If this is not acheived I think the city will begin to mistrust (maybe too strong - lets say doubt) doubt their ability to deliver, and once their is negative sentiment towards a share it is difficult to reverse the trend.
Other questions I ask myself, is why would a financial director leave (assuming it was his choice) a company with the potential of SEO and give up the entitlement to 6 million odd shares in the EBT which it is reasonable to assume have an exercise price of 10.25p (in line with the others).If the company moves as we all hope I would have thought that a reasonable 2/3 year target was 1 which would net him 5.4 million profit approx before tax.
stockdog
- 13 Mar 2006 22:09
- 15595 of 27111
I assumed it was not his choice.
sd
bhunt1910
- 14 Mar 2006 07:40
- 15596 of 27111
I met the previous FD - and whilst I could not fault him - he was quite young and did not seem terribly confident in handling shareholders questions. I suspect that they are gearing up the board and need a stronger Finance Director who has been around and used to handling the likes of Walmart etal.
I agree with Stockdog that the likely scenario was that it was not his choice and the needed a bigger hitter on the board.
Baza
oblomov
- 14 Mar 2006 08:16
- 15597 of 27111
Mad Pad
- 14 Mar 2006 08:33
- 15598 of 27111
New appointment also reported in FT.
barney12345
- 14 Mar 2006 19:58
- 15599 of 27111
www.stanelcoinc.com now working still a bit childsih but at least it works and come on stream within 10 days , goes big on petal pack this weeks must have product
driver
- 15 Mar 2006 11:29
- 15600 of 27111
barney
Link didn't work reposted it, the new Site looks OK to me, accept that they have devoted it to Frogpack and Petalpack where's Starpol and RF.
http://www.stanelcoinc.com/
Oilywag
- 15 Mar 2006 13:10
- 15601 of 27111
The great Bill Shankly said that if a job is worth doing, it is worth doing well, whether it is cleaning boots or a striker finishing off an attack by Liverpool.
If Stanelco is going to have a web site then why the bloody hell can't they get it to work? None of the pictures on the link posted by driver work as they should. It is only when you click on the the text below the bottom right hand picture that you see other images and those are in a never ending loop of repetition. It is amateurish in the extreme and they should either improve it or close the bloody site down.
If SEO do not release some really good news in the next month - hopefully after the 5th April - I shall begin to form the opinion that the website is representative of the true calibre of their management.
I worked for someone who is now in the top 100 richest people in the UK for almost 20 years as a consultant and he would never tolerate sloppy unprofessional management. Rightly or wrongly, he had a policy of "zero defects". Considering SEO's huge potential, I think that they should get somebody in to do a really professional site or close it down. Half measures satisfy nobody.
The oily one
jameshunt1985
- 15 Mar 2006 13:17
- 15602 of 27111
Hi all,
Just had a thought about the Frogpack website; Maybe they have totally devoted the website to Frogpack and petalpack for a reason!! Due to the fact that the floral expo is on, they maybe informing prospective clients to visit the stanelcoinc.com website rather than the .co.uk site. This may be a tactical short term move to impress potential customers once they leave the expo. But clients wishing to research other aspects of the company would, as per usual, be directed to the .co.uk site. It makes market sence in the short term to have a gucci site set up given the timing of events and I'm sure once the expo is finished, they'll revert it back to a generic webpage covering all products and, most likely, be an updated one as well!
Just a thought, welcome critisms.
Hunty.