Last checked at 26 Sep 2023 07:00
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.
For further information please contact:
SysGroup plc Heejae Chae, Executive Chairman Martin Audcent, Chief Financial Officer |
Tel: 0151 559 1777
|
Zeus (Nominated Adviser and Broker) Jordan Warburton Nick Cowles Alex Fowler Nick Searle |
Tel: 0161 831 1512 |
Alma PR (Financial PR) Josh Royston Matthew Young |
Tel: 07780 901 979 |
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