MNO.L Regulatory News (MNO)

13 March 2020

Maestrano Group PLC ("Maestrano" or the "Company")

Maestrano appoints new Non-executive Director and CFO

Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce the appointment of Mr Nicholas McInnes as a non-executive director and Mr Robert Lojszczyk as Chief Financial Officer and an executive director.

Mr McInnes has been a United Kingdom diplomat through much of his career, focusing on international trade and investment in such key positions as the British Consul General, Sydney and Director General Trade & Investment for Australia and New Zealand; and Director Trade & Investment USA and Deputy Consul General New York.

He was also a former senior executive for Railtrack PLC, a group of companies that owned the track, signalling, tunnels, bridges, level crossings and all but a handful of the stations of the British railway system from 1994 until 2002.

Mr Lojszczyk has over 30 years' experience as a senior financial manager, including a combined 15 years as Vice President Finance for BHP Billiton and BlueScope and 2 years as CFO of SubZero Group Limited, all listed on the Australian Securities Exchange. He was most recently a Principal of the CFO Centre Pty Ltd, where his assignments included contracting as CFO to Airsight, prior to its acquisition by Maestrano in 2019. He is a Fellow of the Australian Society of Certified Practicing Accountants.

Ian Buddery, Chairman of Maestrano, commented:

"We are delighted to announce these two key appointments. Nick brings to our board his vast knowledge of international trade and deep expertise in the global rail industry, working with UK rail technology companies expanding into global markets. He will help us to build our marketing strategies and reach key decision makers for our rail and road transport analytics platform. Robert is a seasoned CFO who has been working with the Airsight founders since 2015 and has impressed the board with his grasp of financial detail and valuable insights into the business. He is today building systems and processes that will enable us to track fast growth operations across multiple geographies. He will join the board and assume the role of Company Secretary."

The following disclosures are made in accordance with the AIM Rules for Companies. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules for Companies:

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Enquiries:

Maestrano Group plc

Andrew Pearson, CEO c/o IFC

Grant Thornton (Nominated Adviser)

Colin Aaronson / Jamie Barklem / Niall McDonald +44 (0)20 7383 5100

Arden Partners (Broker)

Ruari McGirr / Ciaran Walsh +44 (0)20 7614 5900

IFC Advisory Limited (Financial PR & IR)

Graham Herring / Zach Cohen +44 (0)20 3934 6630

graham.herring@investor-focus.co.uk

Zach.cohen@investor-focus.co.uk 

About Maestrano

Maestrano offers a patented cloud-based platform for master data management and business analytics, together with specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms.

Further information on the Company is available at: www.maestrano.com