12 Jul 2017 11:33
blur Group plc
("blur", the "Group" or the "Company")
Board Restructuring
blur Group plc (AIM:BLUR), the market-leading Indirect Spend Management platform, announces subsequent to the announcement on 7 July 2017, the following Board changes with immediate effect. David Rowe has been appointed as Chairman with Preeti Mardia, Richard Rae and Richard Croft being appointed to the Board as Non-executive Directors. David Sherriff (Chairman), Roger de Peyrecave (Non-executive Director), Rob Wirszycz (Non-executive Director) and Kara Cardinale (Chief Delivery Officer) have resigned from the Board with immediate effect.
Save as otherwise defined, capitalised terms used in this announcement have the meanings given to them in the announcement released by the Company on 7 July 2017 at 7.00 a.m.
David Rowe (Chairman)
David Rowe is the CEO of Black Green Capital, a Venture Capital investment company based in London specialising in disruptive digital transformation.
Companies in the portfolio include http://levelupmedia.tv/, hydro66.com, sendwyre.com, and message.io.
David Rowe was CEO and founder of Easynet Group, a UK listed global Enterprise Cloud services business sold to BSkyB in 2006. David Rowe subsequently headed up B2B at BSkyB.
David Rowe has conditionally subscribed for 8,571,428 shares in the Placing announced on 7 July 2017.
The following disclosures are required regarding the appointment of David Stanley Rowe, aged 58, pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:
Current Directorships | Past Directorships/Partnerships in the last 5 years |
Black Green Capital Ltd | EGHL Limited |
Megamining Limited | EGHL (UK) Limited |
Hydro66 UK Ltd | Interoute Managed Services UK Ltd |
DingMedia Ltd | EGSL Holding Limited |
Repknight Ltd | B2B Holding Limited |
Kurchakee Limited | Easynet Limited |
Flexflight Limited |
|
Dingit Video Limited |
|
BGC Gigler LLP |
|
BGC Ding LLP |
|
Black Green Ventures Limited |
|
Darwin SSP Limited |
|
Level Up Media Ltd |
|
Richard Croft (Non-executive Director)
Richard Croft is a solicitor with more than 20 years' experience of corporate and commercial law. Richard Croft's current directorships include Croft Legal Services Limited, Black Green Capital Limited and Hydro66 UK Limited. His initial career was at GEC and as general counsel for Easynet Group. Richard Croft specialises in TMT and new media commercial law.
Richard Croft has conditionally subscribed for 1,428,571 shares in the Placing announced on 7 July 2017.
The following disclosures are required regarding the appointment of Richard James Croft, aged 53, pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:
Current Directorships | Past Directorships/Partnerships in the last 5 years |
Black Green Capital Ltd | EGHL Limited |
Croft Legal Services Limited | EGHL (UK) Limited |
Hydro66 UK Ltd | Interoute Managed Services UK Ltd |
BGC Ding LLP | EGSL Holding Limited |
BGC Gigler LLP | B2B Holding Limited |
Flexflight Limited | Easynet Limited |
Megamining Limited |
|
Preeti Mardia (Non-executive Director)
Preeti Mardia has diverse end-to-end operations management and commercial expertise across Electronics, Telecoms, Aerospace and FMCG sectors. Preeti Mardia is currently Senior Vice President Operations at IDEX ASA, a leading fingerprint imaging and recognition technology company publicly listed in Norway and Board Director with ThinFilm Electronics ASA a global leader in NFC mobile marketing and smart-packaging solutions using printed electronics technology.
Prior to IDEX she was Vice President Operations for Axxcss Wireless UK and Operations Director at Filtronic Plc. She also gained extensive FMCG experience in manufacturing, product development and quality assurance with Cadbury Schweppes Plc.
Preeti Mardia has Masters degree in Management from Ashridge.
Preeti Mardia has conditionally subscribed for 857,142 shares in the Placing announced on 7 July 2017.
The following disclosures are required regarding the appointment of Preeti Mardia, aged 49, pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:
Current Directorships | Past Directorships/Partnerships in the last 5 years |
ThinFilm Electronics ASA | None |
Richard Rae (Non-executive Director)
Richard Rae qualified as a chartered accountant with KPMG and joined Hoare Govett as an investment analyst in 1987. He spent 22 years working in investment research and equities management, latterly as a Managing Director, responsible for smaller companies, in the Global Equities division of ABN AMRO. Since 2009, he has established himself as an independent management consultant providing corporate advice to both listed and unlisted companies. He is also a director of Aberforth Smaller Companies Trust plc, and Chaarat Gold Holdings Limited.
Richard Rae has conditionally subscribed for 4,285,714 shares in the Placing announced on 7 July 2017.
The following disclosures are required regarding the appointment of Richard Anthony Rae, aged 58, pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:
Current Directorships | Past Directorships/Partnerships in the last 5 years |
Aberforth Smaller Companies Trust Plc | Company85 Ltd |
Chaarat Gold Holdings Ltd | Mouchel Group Plc |
Repknight Ltd |
|
Richard joined the board of Mouchel Group plc in November 2010 following a number of profit warnings, and remained on the board until September 2012 when the company was restructured and placed into administration and its business purchased by a buyout company owned by its lenders.
For further information please contact:
blur Group plc
Tim Allen
Finance Director
Tel: +44 (0) 207 496 3000
N+1 Singer
Shaun Dobson / James White
Tel: +44 (0) 207 496 3000
Yellow Jersey PR
Alistair de Kare-Silver
Tel: +44 (0) 7825 916715