BLTG.L Regulatory News (BLTG)

Blancco Technology Group PLC

("Blancco", or the "Company")

APPOINTMENT OF CHIEF FINANCIAL OFFICER 

The Board of Blancco Technology Group plc is delighted to announce that Adam Moloney will join the Company on 23 July 2018 as Chief Financial Officer and a Board Director.

Adam was Chief Financial Officer of AIM quoted Eckoh plc ("Eckoh"), a leading provider of customer service and secure payment technology solutions for contact centres until 2017. He had been with Eckoh since 2003 and was appointed Chief Financial Officer in 2005. During Adam's time there, he managed the negotiation and integration of various significant acquisitions in the UK and US as well as the opening of a US subsidiary. Prior to Eckoh, Adam held senior positions in the finance functions of a number of privately owned companies.

Simon Herrick, who has held the role of Interim Chief Financial Officer since March 2017 and who additionally served as Interim Chief Executive Officer from September 2017 until March 2018 will step down from the Board on 23 July 2018. He will, however, remain involved in the business for a period to ensure a smooth handover to Adam. The Board wishes to place on record its thanks to Simon for his hard work and commitment over the past 16 months.

Rob Woodward, Chairman, commented: "We are delighted that Adam will soon be joining us as we plan for the next stage of Blancco's development. On behalf of the Board, I should like to express our particular appreciation to Simon for his invaluable contribution to the business during a critical time. We wish him well for the future."

Matt Jones, Chief Executive Officer, commented: "The Board and I are very pleased to welcome Adam to the team. He has great experience in his previous CFO roles which will be an excellent addition to Blancco's executive team. I am looking forward to working with him as we grow the business."

Adam Moloney, Chief Financial Officer designate, said: "I am very much looking forward to joining Blancco at such a key stage in its growth and development. The business has a strong portfolio of technology solutions and is well placed to grow quickly in the current regulatory environment. I am enthused by the prospect of working with the Blancco team to maximise the opportunity to generate value for shareholders." 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Blancco by Lorraine Young Company Secretaries Limited, Company Secretary of Blancco.

Enquiries:

Blancco Technology Group Plc +44 (0) 20 3657 7000

Rob Woodward, Chairman

Matt Jones, Chief Executive Officer

Simon Herrick, Interim Chief Financial Officer

Peel Hunt LLP (Nominated Adviser and Broker) +44 (0) 20 7418 8900

Edward Knight

Nick Prowting

Panmure Gordon (UK) Limited (Joint Broker) +44 (0) 20 7886 2500

Dominic Morley, Corporate Finance

Charles Leigh Pemberton, Corporate Broking

Tulchan Communications +44 (0) 20 7353 4200

James Macey White

Tom Murray

Matt Low

About Blancco:

Blancco Technology Group plc is a leading global provider of mobile device diagnostics and secure data erasure solutions. For more information, please visit www.blancco.com

Appendix

The following information is disclosed under AIM Rule 17 and Schedule Two (g):

Adam Paul Moloney (aged 48 years) does not hold any shares in the Company.

Current directorships or partnerships:

Deanshanger Playing Fields Association Limited

Performatrix plc

Spinney Consultancy Limited

Previous directorships or partnerships held in the past five years: 

Avorta Limited

Eckoh Enterprises Limited

Eckoh Inc.

Eckoh PLC

Eckoh Projects Limited

Eckoh Technologies Limited

Eckoh UK Limited

Medius Networks Limited

Intelliplus Group Limited

Intelliplus Limited

Klick2contact EU Ltd

Swwwoosh Limited

Telford Projects Limited

Veritape Limited