Bagir Group appoints Donald Stewart to its Board as Independent Non-Executive Director

– ISRAEL, Kiryat Gat –  Bagir Group Ltd (AIM: BAGR)  is pleased to announce that Donald Stewart has been appointed as an Independent Non-Executive Director, with immediate effect. Further to the Company’s announcement of 25 September 2015, the Company has received further advice that a shareholder resolution is not required, under Israeli law, for Donald Stewart to be appointed to the board of the Company.

Donald John Stewart, aged 52, is an experienced corporate executive with substantial experience in small and mid-sized quoted companies. In April 2013 Donald joined the board of Progility Plc (formerly ILX Group Plc), and was involved in the implementation of its growth strategy, taking it from a £17m turnover business with around 80 employees to a £60m turnover business with nearly 700 employees in the UK, Middle East, India and Australia by 2015.

Prior to Progility Plc, Donald was a corporate partner with three different UK law firms and has a wealth of experience in corporate finance, mergers and acquisitions and related corporate, insolvency and regulatory issues. Donald is a director (and past Chairman) of the Quoted Companies Alliance, the UK not-for-profit organisation dedicated to promoting the cause of smaller quoted companies. Donald has published extensively on matters affecting SME financing and regulatory developments in publications as diverse as the Financial Times, Bloomberg Law Reports, Management Today and the International Financial Law Review.

Tessa Laws, Non-Executive Chairman of Bagir, said: “We are delighted that Donald is joining the Board as an Independent Non-Executive Director. His broad industry experience coupled with his legal and corporate finance background will be invaluable to the Company as we continue on our Recovery Plan to focus our business on higher value added activities with better returns.”

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