HLS Helesi

 

TIDMHLS 
 
RNS Number : 5154T 
Helesi PLC 
29 September 2010 
 

29 September 2010 
 
                                   Helesi PLC 
                          ("Helesi" or "the Company") 
 
                            Appointment of Director 
 
Helesi, the Greece, Italy and Cyprus based waste management products 
manufacturer and services supplier, today announces the appointment of Dimitri 
Kainaros as non-executive Chairman in succession to Dimitri Goulandris who had 
taken on the role after the death of Roger Parsons in 2009.  Dimitri is an 
external consultant for the Greek Ministry of Development, responsible for the 
assessment and supervision of investment projects related to EU Co-financed 
Development Programs.  Previously, Dimitri held the position of General Director 
of the Hellenic Arms Industry. 
 
 
Mr Kainaros, 56, does not own any Ordinary Shares in the Company. He is 
currently a director of Veltion Ltd, a position he has held for five years. 
There is no further information to be disclosed in respect of Mr Kainaros' 
appointment that would require disclosure under Schedule two paragraph (g) of 
the AIM Rules. 
 
Dimitri Goulandris commented: 
 
"After discussions with Sakis and given the current economic environment, I have 
decided that it is in the best interests of the Group that I resign and make way 
for an Athens-based Chairman who can focus on the two critical domestic issues, 
receivables and bank financing.  It has been a pleasure for me to work with the 
Group's management and I wish them all the luck and success going forward." 
 
For further information please visit www.helesi.com or contact: 
 
+-----------------------------------------+-------------------------+ 
| Helesi PLC                              | + 30 210 60 48 393-4    | 
+-----------------------------------------+-------------------------+ 
| Sakis Andrianopoulos, Chief Executive,  |                         | 
+-----------------------------------------+-------------------------+ 
| Ioannis Tolias, Finance Director        | itolias@helesi.com      | 
+-----------------------------------------+-------------------------+ 
|                                         |                         | 
+-----------------------------------------+-------------------------+ 
| Panmure Gordon                          | +44 (0) 20 7459 3600    | 
+-----------------------------------------+-------------------------+ 
| Andrew Godber                           |                         | 
| Katherine Roe                           |                         | 
+-----------------------------------------+-------------------------+ 
|                                         |                         | 
+-----------------------------------------+-------------------------+ 
| Tavistock Communications                | + 44 (0) 20 7920 3150   | 
+-----------------------------------------+-------------------------+ 
| Simon Hudson                            | shudson@tavistock.co.uk | 
+-----------------------------------------+-------------------------+ 
| Lydia Eades                             | leades@tavistock.co.uk  | 
+-----------------------------------------+-------------------------+ 
 
About Helesi 
 
Helesi is a specialist designer and manufacturer of plastic products mainly for 
use in the waste management industry and a provider of waste management 
services.  Its activities comprise: 
·      the design and manufacture of plastic waste containers including 2 and 4 
wheeled bins, pre-sorting bins and the full range of EN 840 standard containers; 
·      the provision of waste management services (waste collection, container 
washing, street sweeping and recyclable materials collection). 
·      the design and manufacture of material handling plastic products (pallet 
boxes and crates) for agricultural, domestic and industrial use and other 
injection-moulding plastic products such as fish crates, and stadium seats; 
·      the supply of special vehicles and equipment for the waste management 
industry; and 
·      the recycling of used tyres 
 
Demand for Helesi's products and services in developed waste management markets 
is driven by increasingly stringent regulation on waste management and 
recycling. Growing demand is also being experienced in developing countries, 
which are looking to establish centralised and orderly waste management 
services. Helesi has developed a strong market position in both the developed 
waste management markets of Western Europe as well as in the high growth markets 
of South-eastern Europe, the Mediterranean and the Middle East. With sales in 52 
countries, the Company derives more than 70% of its waste container revenue 
internationally. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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