10 Nov 2020 07:00
10 November 2020
DeepVerge PLC
("DeepVerge" or "the Company")
Appointment of Non-Executive Director
DeepVerge (AIM:DVRG) is pleased to announce, following the offer for Modern Water plc being declared unconditional in all respects on 9 November 2020, the appointment of Dr Nigel Burton as a Non-Executive Director with effect from today.
Nigel is a Non-Executive Director of Modern Water plc, and since 2017 has been instrumental in restructuring and recapitalising several AIM quoted companies, including two successful reverse takeovers. His earlier career included over 14 years as an investment banker at leading City institutions including UBS Warburg and Deutsche Bank, including as the Managing Director responsible for the energy and utilities industries, and 15 years as Chief Financial Officer or Chief Executive Officer of a number of private and public companies.
Ross Andrews, Chairman of DeepVerge commented: ""I'm delighted that Nigel has accepted our invitation to join the Board and I very much look forward to working with him as DeepVerge moves through its next phase of growth."
Nigel Burton commented: "I'm pleased to join the team at DeepVerge, who I have enjoyed working with as relationships with Modern Water strengthened, and look forward to supporting them as they create further value in the next exciting phase of the growth of DeepVerge."
Additional Information
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
Dr Nigel John Burton, aged 62, holds or has previously held the following directorships:
Current directorships | Former directorships (within the last five years): |
Wasdale Head Limited Wasdale Head Inn Limited Highbec Limited SenseToys Limited ASD Visual Aids Limited Digitalbox plc Tau Capital plc Corcel plc eEnergy Group plc Mobile Streams plc Streams Data Limited eEnergy Holdings Limited Mobile Streams Inc Modern Water plc | Management Resources Solutions plc NU-Oil and Gas plc GyroMetric Systems Limited Remote Monitored Systems plc Strat Aero International Limited UKAerovision Limited
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Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Dr Nigel John Burton:
Dr Nigel Burton was a director of Pease Limited within 12 months of the company appointing a liquidator in June 1998. The company was subsequently liquidated in 2002.
He holds 683,167 Ordinary Shares in DeepVerge representing 0.44 per cent. of the current issued share capital.
For further information please contact:
DeepVerge plc | Ross Andrews, Chairman | Contact via DeepVerge's PR |
SPARK Advisory Partners Limited (Nominated Adviser) | Neil Baldwin/Andrew Emmott | +44 (0) 113 370 8974 |
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About DeepVerge Plc:
DeepVerge is a scientific research and AI-as-a-Service company focused on production and analysis of bacteria, virus and toxins utilising artificial intelligent data analytics in regulatory technology, from scientifically proving the impact of skincare product claims on skin microbiome for top 10 global cosmetic company clients to remotely detecting water contamination in real-time.