RESIGNATION OF NON-EXECUTIVE DIRECTOR
SyQic (AIM: SYQ), a fast-growing provider of live TV and on-demand video content across mobile and internet enabled consumer devices, announces that Chak Kong Soon, Non-Executive Director, has advised the Board of his intention to step down as a Director of SyQic at the conclusion of the forthcoming annual general meeting of the Company (the “AGM”) in order to pursue other interests. Consequently, the resolution for Mr Chak’s reappointment will not be proposed at the AGM, which will be held on Wednesday 15 July 2015 at 10.00am at the offices of Allenby Capital Limited, 3 St. Helen's Place, London EC3A 6AB.
SyQic’s CEO, Jamal Hassim, states: “The Company would like to express its gratitude to Mr Chak for his longstanding and significant contribution to SyQic’s development. Mr Chak has served on several Boards within the Group, having been a Director since shortly after the inception of SyQic. His expertise and insight as a Board-member have been highly valued. Mr Chak will be focusing on the development of manpower in the information technology sector in Singapore. The SyQic team and I wish him the best for the future and look forward to opportunities to support his initiatives.”
For further information:
Jamal Hassim, Group Chief Executive OfficerTel: +44 (0) 20 7933 8780
Steve Elliff, Chief Financial Officerwww.syqic.com
Allenby Capital Limited
Alex Price / Jeremy PorterTel: +44 (0) 20 3328 5656
Walbrook, Financial PR and IR
Guy McDougallTel: +44 (0) 20 7933 8790
Notes to Editors:
SyQic is a fast-growing provider of live TV and on-demand video content across mobile and internet enabled consumer devices. Incorporated in Jersey and headquartered in the UK, it has a significant service footprint in Singapore, Indonesia and Malaysia.
The Group launched its new Korean content service called “Cool2vu” in Malaysia, Singapore and Indonesia in January 2015 streaming high-demand Korean content utilising an advertising revenue model. The service has since been expanded to include Europe, South America, Central America, India and the Philippines.