03/07/2008 
Green chemicals plc
("green chemicals plc" or the "Company")
 
    DIRECTORATE CHANGE
Green chemicals plc, the developer of "cleaner, greener and safer" chemicals
with industrial applications, initially in textiles, including the 
pre-treatment of wool and fire retardant treatments, and in hair colorants, 
announces with regret that Dr. Andrew Bayliff, Chief Executive, will be 
stepping down from the Company's Board and the Board of its subsidiary, 
Perachem Limited ("Perachem"), with immediate effect although he will continue
to be employed until 31 July this year in order to ensure the orderly 
transition of his responsibilities. Dr. Bayliff is leaving green chemicals 
plc for a senior position in industry; his decision has been based on personal 
considerations and his new role will not be in competition with the activities 
of the Company.
    
Dr. Bayliff is interested in 341,030 ordinary shares of 5 pence each 
("Shares"),representing 4.28 per cent of the issued share capital of the 
Company as at 30 June 2008. These Shares are the object of a subsisting 
orderly market agreement ("OMA") and may only be disposed of (save under 
certain, specified circumstances)through the Company's stockbrokers in 
accordance with the terms of the OMA.Stephen Winston, FCA, a director of 
the Company, will assume the role of Chief Executive on a full-time basis 
with effect from the date of Dr. Bayliff's departure. Mr. Winston is a 
co-founder and the former Managing Director of Primavera Capital plc, which 
became green chemicals plc after the acquisition at the beginning of 2007 
of Perachem.
    
In addition to the departure of Dr. Bayliff and the appointment as Chief 
Executive of Mr. Winston, the following management changes are announced 
and will become effective immediately:
    
David Norwood, Chairman, will step up his involvement with the Company and 
will henceforth be Executive Chairman. Professor David Lewis, the author or 
co-author of much of the Company's intellectual property, will also become 
an executive director (previously non-executive).
 
It is the Company's intention to appoint one or more additional, 
non-executive director(s), who will bring suitable experience and added 
value to the Board; a further announcement will be made as appropriate.
 
Commenting on the changes, the Chairman said, "We are sorry to see Andrew 
leave, particularly at such an exciting juncture in the Company's development; 
the Board understands the reasons for his decision and thanks him for the 
contribution he has made to green chemicals plc over the past 18 months. 
The gearing-up of my own role at the Company and Stephen Winston's dedication 
of substantially all of his time to the Chief Executive's position are 
testimony to our commitment to and confidence in the future of the Company."
 
    - Ends - 
    For further information please contact:
    
 David Norwood         Clemmie Carr          Graham Atthill-Beck
 Stephen Winston       Simon Hudson                                                        
 green chemicals plc   Tavistock             Hichens Harrison & Co. plc
                       Communications
 Tel: +44 113 3432924  Tel: +44 20 7920      Tel: +971 4 343 1330 or      +971 50 856 9408 
                       3150

 

 

 

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