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Pin to quick picksInduction Heal. Regulatory News (INHC)

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Induction Healthcare - Board appointment

Fri, 19th Jul 2019 07:00

RNS Number : 0567G
Induction Healthcare Group PLC
19 July 2019
 

19 July 2019

 

Induction Healthcare Group plc

 

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

 

Board appointment

 

Induction Healthcare Group PLC, a leading healthcare technology company helping streamline the delivery of care, is pleased to announce the appointment of Leslie-Ann Reed to the Board as Non-Executive Director with effect from 19 July 2019.

 

Leslie-Ann adds breadth and depth to the Board as the Group continues to establish a strong and engaged user base and pursue its strategy to acquire new and complementary modules for the Induction Switch app.

 

Leslie-Ann is a chartered accountant with a diverse background and extensive international experience, having served in both executive and non-executive roles in publicly listed media and professional services companies. Leslie-Ann is currently Non-Executive Director and Chair of the Audit Committee for Learning Technologies Group plc, a market-leading integrated digital services and talent management provider. In addition, she is a Non-Executive Director at Bloomsbury Publishing plc, where she is a member of the Audit and Remuneration Committees.  Previously, Leslie-Ann was a Non-Executive Director of the German listed company ZEAL Networks SE where she was Vice Chair of the Supervisory Board and Chaired the Audit Committee. Until May 2018 she was a Non-Executive Director and Chair of the Audit Committee of the London listed publisher Quarto Group, Inc.

 

From 2010 to 2012 she was Chief Financial Officer of the global, online B2B auctioneer Go Industry Dove Bid plc, which operated in 20 countries, where she focused on driving operating efficiencies, enhancing operating margins, improving cashflow and negotiating new banking facilities. She led the successful sale of the business in 2012. Between 2007 and 2010 Leslie-Ann was an adviser to Marwyn Investment Management, overseeing the strategy to acquire professional training, research, data and information businesses. Prior to that, she served as Chief Financial Officer of global commodities and economic research media group Metal Bulletin plc helping to lead its transition from printed products to an online data and news service. She played an important role in driving strong organic and acquisitive growth and in materially improving shareholder value, which ultimately led to its acquisition by Euromoney Institutional Investor PLC.

 

Leslie-Ann also held senior finance leadership roles at Universal Pictures, Polygram Music, EMI Music and Warner Communications Inc.

 

In accordance with Listing Rule LR 9.6.13 (1) Leslie-Ann Reed has held no other directorships in any other publicly quoted company at any time in the previous five years, except as disclosed above.  There is no further information to disclose in respect of LR 9.6.13.

 

Leslie-Ann Reed does not have an interest to be disclosed in the shares of the Group.

 

Ibs Mahmood, CEO at Induction, said: 

 

"We are thrilled to welcome Leslie-Ann to our Board. Leslie-Ann's experience working with high growth and acquisitive companies will prove invaluable as we look to further grow our user base and app functionality, as well as looking at acquisition opportunities."

 

Leslie-Ann Reed said:  

 

"I am very excited to get started at Induction. They've developed the Induction Switch app which is already changing the way medical professionals work to deliver care more effectively. I look forward to working with the team to help consolidate a fragmented market and to deliver on the strategy.

 

Save as disclosed below, in relation to current and prior directorships, Induction confirms that there are no further disclosures to be made in relation to Rule 17 of paragraph (g) of Schedule Two of the AIM Rules for Companies in respect of Leslie-Ann Reed's appointment.

 

Leslie-Ann Reed, aged 60, currently holds and has held the following directorships in the past five years:

Current directorships:

Bloomsbury Publishing Plc

Learning Technologies Group Plc

 

Directorships in the past five years:

Options Limited

Quarto Group Inc(The)

Zeal Network SE

 

Leslie-Ann Reed does not hold any ordinary shares of 0.5 pence each in the Company.

 

 

-Ends-

 

ENQUIRIES

 

Induction Healthcare

Ibs Mahmood, Chief Executive Officer

Seb Jantet, Chief Financial Officer

 

Via FTI Consulting

Numis Securities (Nominated Adviser and Broker)

James Black / Freddie Barnfield / Huw Jeremy / Matthew Jones

 

+44 (0) 207 260 1000

FTI Consulting

Brett Pollard / Jamie Ricketts / Elena Kalinskaya / Sam Purewal

+44 (0) 203 727 1000

 

 

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 numbers), messaging and an administration portal (to share and view hospital guidelines), all in a secure and regulatory compliant setting.

As at 28 February 2019, the Induction Switch app had over 76,200 registered users, primarily in the UK, including over 50,500 doctors, GPs and consultants, 14,700 nurses and just under 11,000 other healthcare professionals. The registered user base grew by 42% over the six months to 28 February 2019.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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