Redcentric PLC Board changes (7518S)
November 18 2021 - 2:00AM
UK Regulatory
TIDMRCN
RNS Number : 7518S
Redcentric PLC
18 November 2021
Redcentric plc
("Redcentric" or the "Group")
Board Changes
Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a
leading UK IT managed services provider, is pleased to announce the
appointment of Nick Bate as independent non-executive chairman of
the Company, chairman of the nomination committee and a member of
the remuneration committee, following notification in July of Ian
Johnson's intention to step down. Ian Johnson has stepped down from
the board and his position as chairman of the Company, and Nick
will join the board of directors of the Company (the "Board") with
immediate effect.
Nick is an experienced chairman and non-executive director of a
portfolio of companies across the data, communications, software
and financial services sectors, and most recently was on the board
of directors of Nasstar plc for over 6 years. Nick has a proven
track record in delivering successful growth through the
application of his financial, commercial and operational skills and
strong experience in corporate M&A transactions. Nick is a
chartered management accountant.
Redcentric further announces that, after nearly five years in
office, Jon Kempster, non-executive director and chairman of the
Company's audit committee, has notified the Board that he does not
intend to stand for re-election at the Company's next annual
general meeting in September 2022. The Board will commence a search
process and a further announcement regarding Jon's replacement will
be made in due course.
Peter Brotherton, Chief Executive Officer, commented:
"I am delighted to welcome Nick to Redcentric on behalf of the
Board. His breadth and depth of experience brings a welcome
perspective to the Board and his expertise in the IT and service
environment will be of great value to Redcentric going forward.
I would also like to thank Ian, on behalf of the Board and all
at Redcentric, for his leadership over the last two years and wish
him all the best for the future.
Finally, on behalf of the Board and all at Redcentric, I would
like to thank Jon for his counsel and guidance over the last five
years through a time of major change for the Company, and wish him
all the best for the future."
Nick Bate commented:
"I am excited to be joining the Board of Redcentric and look
forward to working with Peter and the rest of the Board as the
Company continues to execute its growth strategy."
Additional information with regard to Nick Bate:
The following information is disclosed in accordance with
Schedule 2(g) of the AIM Rules for Companies:
Full name: Nicholas John Bate
Age: 55 years
Current directorships:
Age Check Certification Services
Limited
Age Check Certification Scheme
Limited
Beta Family Investments Limited
Beta Partners Limited
DSW Angels (Carried Interest)
LLP
Europa Communications Holdings
Limited
Europa Communications Limited
Fun, Sport, Franchising Limited
Kit Log Limited
Orka Technology Group Limited
Secure Digital Exchange Limited
Snow Hill BPRA LLP
Greenpass Limited
Greenpass Europe Limited
Greenpass Worldwide Limited
Previous directorships held in the past 5 years:
Nasstar plc
SDX Digicom Limited
Yinvision Limited
Enquiries:
Redcentric plc +44 (0)800 983 2522
Peter Brotherton, Chief Executive Officer
David Senior, Chief Financial Officer
finnCap Ltd - Nomad and Broker +44 (0)20 7220 0500
Marc Milmo / Simon Hicks / Charlie Beeson (Corporate
Finance)
Andrew Burdis / Sunila de Silva (ECM)
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END
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