CalciTech Shareholders Elect New Non-Executive Director.HAMILTON, Bermuda -- CalciTech Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLKTF)(Freiverkehr:XCH XCH Exchange XCH Christmas Island (airport code) XCH Extended Channel ) today announces that at the AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f of 25th February, Alan Perkins was elected to its Board as non-executive director A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. . The board further approved the extension of 500,000 directors' options, with a further 450,000 options granted to non-executive directors following the lapsing of 250,000 options on 31st December, 2004. With the addition of Mr Perkins, the board gains a consummate City professional, who will lend his broad experience to the Company's already extensive corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and will assist the Company in issues of both a financial and corporate nature. Mr Mark Tomkins elected to reduce his activities for CalciTech due to an increase in other commitments and no longer serves on its board. The Board is pleased to announce that it has retained his services as a financial advisor for future equity and project financings Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. and has extended the expiry date expiry date expire n → date f d'expiration; (on label) → à utiliser avant ... expiry date expire n → Ablauftermin m of Mr Tompkins's options in line with the financial agreement. The newly granted non-executive 450,000 directors' options have a five year maturity, expiring on 25th February 2010. This press release contains "forward looking statements" including forward looking statements as that term is defined in Section 27A of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Statements in this press release which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech products, manufacturing of CalciTech products in a commercial setting, obtaining adequate financing and construction management for products and obtaining appropriate permits. It is important to note that the Corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the Company's public filings with the Securities and Exchange Commission. |
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