CNKS.L Regulatory News (CNKS)

18 February 2020

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Cenkos Securities plc

("Cenkos" or the "Company")

Board Change

The Board of Cenkos is pleased to announce, that following a thorough external search process, it has appointed Lisa Gordon, as an Independent Non-Executive Director and to the position of Chairman. This appointment is subject to Financial Conduct Authority approval and will take effect once regulatory approval has been received.

Lisa has more than 25 years of Board experience, in both Executive and Non-Executive roles at both listed and private companies. Lisa is a Non-Executive Director of Alpha FX Group plc an AIM listed corporate foreign exchange specialist and she chairs their Remuneration and Audit Committees. She is also the Non-Executive Chairman of Albert Technologies Limited, an artificial intelligence technology business and a Non-Executive Director of Magic Light Pictures Limited, a leading film and television production company.

Lisa has held a number of Senior and Board positions. She was a founding Director and the Corporate Development Director of Local World plc (prior to its acquisition by Trinity Mirror) (2012-2015); the Chief Operating Officer of Yattendon Group (2007-2013), a private conglomerate; and the Director of Corporate Development of Chrysalis Group PLC, the media group (1994-2004). Prior to this Lisa's early background was in financial services as an analyst with Greig Middleton and County NatWest Securities (1988-1993).

Lisa will be appointed as the Chairman of the Company's Nomination Committee and will also be a member of the Audit, Risk and Compliance Committee, as well as the Remuneration Committee.

Commenting on the appointment, Jeff Hewitt, Acting Chairman of the Company, said:

"I am delighted that Lisa has agreed to join the Board. Lisa brings an impressive breadth and depth of Boardroom experience and will be a valuable addition to the senior management team's experience for the continued development of Cenkos."

Lisa Gordon commented:

"I am delighted to join the Cenkos Board and look forward to working with Jim Durkin and the wider team to develop Cenkos' market position and reputation. I have had very positive experience of founder-led businesses throughout my career and think there are tremendous opportunities for Cenkos to be a market leader in every respect."

In addition to her appointment to the Board, Lisa Jane Gordon, aged 53, holds or has held the following directorships or partnerships in the past five years:

The Board also announces that Jeff Hewitt, who has served as a Non-Executive Director of the Company since 2008 and has held the position of acting Chairman since November 2018 has confirmed his intention to retire from the Board with effect from 28 February 2020.

Jim Durkin commented that:

"On behalf of the Board, I would like to thank Jeff for his highly valued contribution to the Company over the past twelve years and the Board extends its best wishes to Jeff for the future."

Following Jeff Hewitt's retirement and if Lisa Gordon's regulatory approval has not been received by that date then Jeremy Miller, a current Non-Executive Director, will take the position of acting Chairman in the interim period.

For further information, please contact: 

Cenkos Securities plc Tel: 0207 397 8900

Jim Durkin, Chief Executive Officer

SPARK Advisory Partners Limited Tel: 0203 368 3552

Matt Davis, Nominated Adviser

Buchanan Communications Tel: 0207 466 5066

David Rydell, PR Adviser