Induction Heal. Regulatory News (INHC)

16 August 2019

Induction Healthcare Group PLC

("Induction", the "Company" or the "Group")

Directorate Change

Induction Healthcare Group PLC, a leading healthcare technology company helping to streamline the delivery of care, today announces that by mutual agreement Seb Jantet will step down as the Company's Chief Financial Officer and from the Board with immediate effect.

The Company also announces today that Shelley Fraser, previously Finance Director and Company Secretary at hVIVO plc, has been appointed as Interim CFO following an orderly handover between Seb and Shelley. Shelley has 18 years of senior finance experience across several pharmaceutical, biotech, and life science companies.

Ibs Mahmood, CEO of Induction, said: 

"We are immensely thankful to Seb for all his hard work at Induction. He has helped us make the Induction Switch app one of the most popular in use by healthcare professionals in the UK. His insight, expertise and commitment has helped guide the Board through a successful IPO process and has provided us with a strong foundation on which we can thrive as a public company. We wish him all the best in the future. Looking forward, on behalf of the Board, I would like to welcome Shelley to the Company as Interim CFO."

Seb Jantet, former CFO of Induction, said:

"Induction is a very exciting company which provides healthcare professionals with quick access to the essential hospital information and tools to work efficiently in a hospital environment. I have thoroughly enjoyed my time at Induction and look forward to seeing the Company maximise its potential in the coming months and years."

-Ends-

ENQUIRIES

About Induction

Induction Healthcare Group PLC is a leading healthcare technology company focused on helping healthcare professionals to streamline the delivery of care. The Group's technology enables healthcare professionals to save time and deliver care more effectively and to identify ways to allocate resources more efficiently.

The Group is initially targeting improving the way healthcare professionals communicate with each other through its Induction Switch app that provides a telephone directory (allowing healthcare professionals to easily find extension telephone numbers), messaging and an administration portal (to share and view hospital guidelines), all in a secure and regulatory compliant setting.

As at 25 July 2019, the Induction Switch app had over 94,020 registered users, primarily in the UK. The registered user base grew by 18% from 31 March 2019 to 25 July 2019.