8 Sep 2016 07:00
8 September 2016
Blancco Technology Group PLC
("Blancco" or the "Group")
BOARD APPOINTMENT
Blancco, a leading global provider of mobile device diagnostics and secure data erasure solutions, is pleased to announce that Keith Butcher will join the Group as Chief Financial Officer on 19 September 2016, and will be appointed to the PLC Board at the next Board meeting in October. Upon this appointment Jog Dhody, the existing CFO, will resign from the Board and will leave the Group following an orderly handover.
Keith is a highly experienced public company CFO and brings a track record of success in high growth technology businesses. He joins from MOO.com (Moo Print Limited), a Private Equity backed online design and print company where he was group CFO.
Previously, for five years until 2015, Keith was CFO of AIM listed PaySafe Group Plc (previously Optimal Payments plc), an international online payments company servicing customers in over 190 countries that saw a substantial share price appreciation during his tenure and is now part of the FTSE 250 with a market capitalization of c. £2 billion.
Prior to that, Keith was Finance Director of AIM listed Flomerics Group Plc ("Flomerics"), a market leading specialist software simulation company, at the time listed on the London Stock Exchange, and was instrumental in the sale of the company to Nasdaq listed Mentor Graphics Inc.
Before Flomerics, Keith was Finance Director of AIM listed DataCash Group Plc, a specialist online Payment Service Provider to online/e-commerce businesses worldwide which was sold to MasterCard for c. £333 million in 2010.
Keith was awarded Finance Director of the Year at the Quoted Company Alliance Awards (QCA) 2014.
Matthew Peacock, Non-executive Chairman commented,
"I am delighted to welcome Keith to the Company and to the Board. He brings a wealth of public company experience working with high growth technology businesses. We look forward to his contribution and working with him.
"I would also like to thank Jog Dhody for his contribution and support in building and transitioning the Group over the last four years."
In relation to the appointment of Keith Butcher to the Board of Directors, Blancco confirms that there is nothing further to disclose in relation to his appointment under AIM Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies, save as required and disclosed in this announcement:
Full name: Keith Butcher
Age: 53 years old
In the last five years, Keith has held the following Directorships:
Directorships in last five years | Jurisdiction | Co Number | Directorship Dates |
Paysafe Group plc | Isle of Man | 109535C | 20.05.2010 - 01.01.2015 |
NetGroup Holdings Limited | Isle of Man | 115194C | 09.08.2010 - 31.01.2015 |
Netadmin Limited | Isle of Man | 115192C | 09.08.2010 - 31.01.2015 |
Net ID Limited | Isle of Man | 116266C | 09.08.2010 - 31.01.2015 |
Paysafe Merchant Services Limited | Isle of Man | 115193C | 09.08.2010 - 31.01.2015 |
NetB Limited | Isle of Man | 118102C | 09.08.2010 - 31.01.2015 |
Greenscroft Limited | Isle of Man | 112628C | 09.08.2010 - 31.12.2012 |
Jade Enterprises Limited | Isle of Man | 112787C | 09.08.2010 - 31.12.2012 |
Lime Enterprises Limited | Isle of Man | 112788C | 09.08.2010 - 31.12.2012 |
Duke Royalty UK Ltd | UK | 10223638 | 09.06.2016 - 07.09.2016 |
Enquiries:
Blancco Technology Group Plc +44 (0) 20 3657 7000
Patrick Clawson, Chief Executive Officer
Jog Dhody, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker) +44 (0) 20 7418 8900
Richard Kauffer
Euan Brown
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
Tom Murray
About Blancco
Blancco Technology Group is a leading global provider of mobile device diagnostics and secure data erasure solutions. For more information, please visit www.blanccotechnologygroup.com.