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RNS Number : 7618J
1Spatial Plc
15 December 2022
15 December 2022
1Spatial plc (AIM: SPA)
("1Spatial", the "Group" or the "Company")
Directorate Change
1Spatial, (AIM: SPA), a global leader in Location Master Data
Management (LMDM) software and solutions, announces that, following
two and a half years with the Company, Andrew Fabian, Chief
Financial Officer, will be resigning from his position on the Board
on 19 December 2022. Andrew will remain with the Company until the
end of February 2023 to ensure a smooth handover.
During his time in this role, Andrew helped with the development
of the current growth strategy including the transition of the
Group towards a recurring revenue business model. The Board thanks
him for his contribution during this important time for 1Spatial
and wishes him well for his future endeavours.
1Spatial is pleased to announce the appointment to the Board of
Stuart William Ritchie, aged 43, as Chief Financial Officer with
effect from 19 December 2022. Stuart is an experienced finance
director, with a strong background in publicly quoted international
technology companies. Mr. Ritchie is currently Group CFO at Fusion
Global Limited, a provider of SaaS based workflow software with
GBP30m in annual revenue and operations across multiple
territories, and his previous roles include Global Head of
Accounting and external reporting at Zeal Network SE, a Frankfurt
listed eCommerce group. Stuart is a chartered accountant, having
qualified with EY.
Andy Roberts, Non-Executive Chairman of 1Spatial, commented,
"The Board and I would like to thank Andrew for the role he has
played in seeing 1Spatial safely into its next stage of growth,
providing the business with a solid financial platform to support
its evolving SaaS business model.
"We are delighted to welcome Stuart to the Board. With his
experience in international technology companies, we are confident
he will provide great financial leadership to the business
alongside Claire and the team, as we seek to capture the
considerable opportunity ahead of us."
Mr. Ritchie neither holds, nor has held within the last five
years, any directorships or partnerships, and he holds no ordinary
shares in 1Spatial.
Save as set out in this announcement, there are no further
details to be disclosed under Rule 17 or Schedule 2(g) of the AIM
Rules for Companies in respect of Mr. Ritchie.
For further information, please contact:
1Spatial plc 01223 420 414
Claire Milverton
Liberum (Nomad and Broker) 020 3100 2000
Neil Patel / Cameron Duncan / Kate Bannatyne
/ Miquela Bezuidenhoudt
Alma PR 020 3405 0205
Caroline Forde / Hannah Campbell / Stephen 1spatial@almapr.co.uk
Samuel
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as amended by The
Market Abuse (Amendment) (EU Exit) Regulations 2019.
About 1Spatial plc
Unlocking the Value of Location Data
1Spatial plc is a global leader in providing Location Master
Data Management (LMDM) software, solutions and business
applications, primarily to the Government, Utilities and Transport
sectors via the 1Spatial platform. Our solutions ensure data
governance, facilitating the efficient, effective and sustainable
operation of customers around the world. Our global clients include
national mapping and land management agencies, utility companies,
transportation organisations, government and defence
departments.
Today, when using and sharing trusted data provides significant
opportunities for businesses and governments to deliver against
important sustainability and Net Zero goals, our vision is clear:
to make the world safer, smarter and more sustainable by unlocking
the value in data, enabling better decisions and greater
insights.
The 1Spatial platform is a comprehensive set of data and system
agnostic LMDM software components which helps ensure master data is
compliant, current, complete, consistent, and coordinated - and
that customers can be confident it will remain that way as it
evolves. It allows them to master their data on any device,
anywhere, anytime and can be deployed as SaaS in the cloud,
on-premise, or as a hybrid of both.
1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with
operations in the UK, Ireland, USA, France, Belgium, Tunisia and
Australia.
www.1spatial.com
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