Still some news to come5 May 2018 08:34
In relation to the Board, on or shortly after completion of the Fundraising, it is proposed that the following changes will be made to the Board:
� BV Tech will appoint a new director to the Board as its second nominated director on the Board (in accordance with the terms of the Relationship Agreement);
� the Founder and Executive Director, Andrea Stecconi, will resign from the Board of the Company, following the General Meeting;
� the Chief Financial Officer, Philipp Prince, will resign as Chief Financial Officer with effect from the earlier of i) 30 June 2018; ii) publication of the Annual Financial Results; or iii) appointment of a suitable new CFO to the Board. An external search for a successor has now commenced and further announcements will follow in due course; and
� the independent non-executive Director, Leonard Seelig, will resign from the Board, once an appropriate successor has been appointed.
Other than these Board and executive director changes, BV Tech does not intend to make any changes to the balance of the skills and functions of the employees and management of the Company, or the continued employment of its employees (including any material change in conditions of employment).