Aferian Regulatory News (AFRN)

3 July 2024

AFERIAN PLC

("Aferian" the "Company" or the "Group")

Executive Board and Senior Management Changes

Aferian (AIM: AFRN), the B2B video streaming solutions company, announces key leadership changes effective immediately.

Mark Carlisle, who has served as Group CFO and COO since August 2016, has been appointed Group CEO. Mark will lead the Group and directly oversee the Amino division.

Sebastian Braun has been appointed CEO of Aferian's 24i division, a non-board position. Sebastian brings over 15 years of experience in the video, digital media, and streaming industry and has led 24i's product team and strategy since joining the Company in August 2023.

Donald McGarva has today stepped down from the Board. He will remain with the Company as a consultant and will depart as planned in October 2024 to ensure an orderly transition.

Atul Sharma, an experienced finance director who recently joined the Group in an interim position, will lead finance team in a non-board position.

Mark Wells, Non-Executive Chairman of Aferian, commented:

"We are pleased to appoint leaders from within our existing management team. Mark and Sebastian's deep industry knowledge and proven track records within Aferian make them ideally suited to lead our company forward. These appointments demonstrate our commitment to continuity and innovation in the rapidly evolving video streaming market."

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About Aferian plc 

Aferian plc (AIM: AFRN) is a B2B video streaming solutions company. Our end-to-end solutions bring live and on-demand video to every kind of screen. We create the forward-thinking solutions that our customers need to drive subscriber engagement, audience satisfaction, and revenue growth.

It is our belief that successful media companies and services will be those that are most consumer-centric, data driven and flexible to change. We focus on innovating technologies that enable our customers stay ahead of evolving viewer demand by providing smarter, more cost-effective ways of delivering end-to-end modern TV and video experiences to consumers. By anticipating technological and behavioural audience trends, our software solutions empower our customers to heighten viewer enjoyment, drive growth in audience share and ultimately their profitability.

Aferian plc has two operating companies: 24i, which focusses on streaming video experiences, and Amino, which connects Pay TV to streaming services. Our two complementary companies combine their products and services to create solutions which ensure that people can consume TV and video how and when they want it. Our solutions deliver modern TV and video experiences every day to millions of viewers globally, via our growing global customer base of over 500 service providers.

Aferian plc is traded on the London Stock Exchange's AIM stock market (AIM: symbol AFRN). Headquartered in Cambridge, UK, the Company has over 350 staff located in offices in San Francisco, Amsterdam, Helsinki, Copenhagen, Madrid, Porto, Brno, Buenos Aires, and Hong Kong. For more information, please visit www.aferian.com.