Sysgroup Regulatory News (SYS)

26 September 2023

SysGroup plc

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

Board Changes and Change of Adviser

SysGroup plc (AIM:SYS), a leading provider of managed IT services, cyber security and cloud hosting, announces a change to its Board of Directors, together with a change of Adviser.

Board Changes

The Board is delighted to announce the appointment of Paul Edwards as Non-Executive Director, effective immediately.

Paul is currently Chief Financial Officer of Tatton Asset Management plc and has previously been Group Finance Director of a number of quoted companies including Scapa Group plc (Scapa) and NCC Group plc (NCC). He has also held a number of other senior finance roles in a broad range of listed and private companies.

Heejae Chae, Executive Chairman commented:

"We are delighted to welcome Paul Edwards to the Board as a non-executive director. His previous experience at Scapa provides him with a valuable understanding of driving growth and profitability, having delivered significant growth in shareholder value through a buy and build strategy. Paul was also part of the buyout management team and initial CFO following the IPO of NCC, the UK leader in Cyber Security, giving him a deep understanding of the challenges and opportunities facing our industry.

The Board believes Paul's skills and experience will further strengthen and enhance its ability and support the Company in achieving its strategic goals."

In accordance with Schedule 2(g) of the AIM rules, Paul Edwards (aged 56) holds or has held in the past five years the following directorships:

Current Directorships

Tatton Asset Management plc

Paradigm Investment Management LLP

Sinfonia Asset Management Limited

Tatton Crown Investments Limited

Tatton Onshore Tax Strategies Limited

Tatton Investment Management Limited

Tatton Oak Limited

Paradigm IFA Company Limited

Tatton Capital Group Limited

Paradigm Partners Limited

Nadal NewCo Limited

Tatton Capital Limited

Amber IFA Co Limited

Previous Directorships held during the last five years

Amber Financial Investments Limited

Paul holds no shares in the Company.

There is no further information on Paul required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Following the appointment of Paul Edwards today and the retirement of Michael Edelson at the recent AGM, the Board comprises Heejae Chae (Executive Chairman); Martin Audcent (Chief Financial Officer); and Mike Fletcher, Mark Quartermaine and Paul Edwards (Non-Executive Directors).

Change of Adviser

The Group has appointed Zeus Capital Limited as Nominated Adviser and Sole Broker with immediate effect.

About SysGroup

SysGroup is a leading provider of managed IT services, cloud hosting, cyber security and expert IT consultancy. The Group delivers solutions that enable clients to benefit from industry leading technologies and delivers managed solutions with security, compliance and governance from the core. SysGroup focuses on a customer's strategic and operational requirements - enabling clients to free up resources, grow their core business and avoid the distractions and complexity of managing IT services.

The Group has offices in Bristol, Edinburgh, Liverpool, London, Manchester and Newport.

For more information, visit http://www.sysgroup.com