5 Oct 2018 07:00
IDE Group Holdings Plc
("IDE", the "Group" or the "Company")
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Board Changes
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IDE Group Holdings plc, the mid-market network, cloud and IT managed services provider, today announces that Bill Dobbie has stepped down from the Board. Andy Parker, current Non-Executive Director will replace Bill Dobbie as Non-Executive Chairman with immediate effect. The Company also announces the appointment of Max Royde, co-founder of Kestrel Partners LLP, a London based fund management business, as Non-Executive Director.
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As at the date of this announcement Kestrel Partners LLP holds 36,104,771 ordinary shares of 2.5 pence each in capital of the Company ("Ordinary Shares") representing approximately 17.99 per cent. of the issued share capital and holds £1.65 million of loan notes, convertible at 2.5 pence per Ordinary Share.
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The following disclosures are made in relation to paragraph (g) of Schedule Two of the AIM rules for Companies.
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Full Name | Matthew Max Edward Royde |
Age | 46 |
Current Directorships | Past Directorships within the last 5 years |
- Kestrel Partners LLP - Kestrel Investment Partners LLP - Charles Connell & Company Holdings Limited - Ingenta Plc - Track Record Holdings Limited - Trailight Ltd - Elms Road Capital Limited - Findlay Park Partners LLP | - Gresham Computing Plc - Castle Street Holdings Plc  |
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Max Royde was appointed as a director of Hotel Buyer Limited on 10 October 2000 and resigned on 10 May 2005. On 31 May 2005, the company passed an extraordinary resolution to put the company into members' voluntary liquidation. The company was dissolved on 26 January 2008.
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IDE Group Holdings Plc Andy Parker, Non-Executive Chairman Ian Smith, Executive Director  | Tel: +44 (0)344 874 1000 |
finnCap Limited Nominated Adviser and Broker Corporate finance: Jonny Franklin-Adams/ Scott Mathieson/ Hannah Boros ECM: Tim Redfern/ Richard Chambers  | Tel: +44 (0)20 7220 0500 |
MXC Capital Markets LLP Financial Adviser Charlotte Stranner   | Tel: +44 (0)20 7965 8149 |
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