MAIS.L Regulatory News (MAIS)

blur Group plc

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

Appointment of Deputy Chairman and Lead Independent Director

blur Group, an international e-commerce company that provides a better way for businesses to buy or sell services, announces that Mr David Sherriff has been appointed to the position of Deputy Chairman and Lead Independent Director with immediate effect. 

David Sherriff, who has been a Non-Executive Director of the Company since 1 October 2013, has 25 years' experience in the technology industry, most recently as Chief Executive Officer of Microgen plc where he held a board position for 8 of his 14 years with the business. Much of his career has been focused on growing public, international technology companies and he was instrumental in growing ECsoft Group in the mid-90s. As well as his significant knowledge of blur Group, David Sherriff brings valuable senior board director experience to the role.

As well as further strengthening Board governance, David Sherriff will be working with the Board to explore the options available to the Group with regards to increasing the Company's profile and providing further growth and investment opportunities for both current and future shareholders. This includes considering the possibility of dual listing the Company's shares on the OTCQX Market in the United States ("US") to complement its current listing on the AIM market of the London Stock Exchange. No decision has been made regarding timing or on whether a dual listing will take place and the Board of Directors will continue to consider the overall board composition as the Group continues to evolve and update shareholders in due course in this respect.

Philip Letts, blur Group CEO, commented:

"We are pleased to welcome David Sherriff as Deputy Chairman and Lead Independent Director to the blur Group Board. This appointment, combined with the recent appointment of our new CFO and KPMG as the Group's auditors, further demonstrates the continuing maturity of the Group. The US is proving to be our largest market and we are making good progress driving into the largest businesses in the world on the buy and sell side. Given the Group's US first strategy and the strengthening of the US economy the Board will be working closely with its advisers to determine if there is an opportunity to explore a dual listing and the benefits that this may provide for the Company and our shareholders. "

Commenting on his appointment David Sherriff added:

"I am excited to be taking on this role at such a key time in the development of the Group. We have worked hard in the last year to industrialise blur Group's platform and this is shown by the increasing take up of enterprise customers across our target geographies and market sectors especially in the US. In conjunction with the growing commercial success the Group has put in place market leading advisers as well as implementing robust and conservative accounting and reporting processes. I look forward to working with the Board in my new capacity to help realise the full market potential of blur Group and to continue to deliver value to our customers, staff and shareholders alike".

For further information, please contact:

About blur Group plc at blurgroup.com

blur Group is an international e-commerce company providing a better way for business to buy or sell services. To date 50,000 businesses have used blur to buy or sell services online, including companies like Amazon, , Regus, Caterpillar, Argos, Danone and GE submitting over $350m of services requirements to blur's platform.

blur Group is a public company listed on the London Stock Exchange's AIM market (BLUR) and is headquartered in the UK with regional sales offices in the US and Europe. 

Forward Looking StatementsThis press release contains "forward-looking statements", including, but not limited to, statements about the possibility that the Company may pursue a U.S. stock exchange listing. These forward-looking statements are statements based on the Company's current intentions, beliefs and expectations, which include, among other things, the Company's results of operations, financial condition, prospects, growth, strategies, the industry in which the Company operates and overall market conditions. No forward-looking statement is a guarantee of future performance and actual results could differ materially from those expressed or implied in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements or information. Forward-looking statements and information by their nature involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this announcement to reflect any changes in expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based, except as required by applicable law.