Shearwater Group PLC Board Changes (2657E)
October 17 2018 - 3:00AM
UK Regulatory
TIDMSWG
RNS Number : 2657E
Shearwater Group PLC
17 October 2018
17 October 2018
SHEARWATER GROUP PLC
Board Changes
Shearwater Group plc (AIM: SWG, "Shearwater", "the Group") has
today appointed Paul McFadden Finance Director, following the
completion of the acquisition of Brookcourt Solutions Limited.
Paul has over 10 years' experience in senior finance positions
within market leading digital information services, training and
events businesses, creating and leading scalable finance functions
within both a private and listed environment.
Most recently, Paul was responsible for creating and leading a
scalable shared service centre at Wilmington plc as the business
grew substantially both organically and via acquisitions in a
five-year period.
David Williams, Chairman, commented:
"It is important to strengthen our team following the
transformational acquisition of Brookcourt and Paul brings
considerable experience as we execute on our buy and build
strategy.
"The Brookcourt deal will open up many opportunities and we are
looking forward to working with the team - Phil, Dene and their
colleagues.
"We are also very appreciative of the support shown by our
shareholders, both existing and new, in the open offer and the
funding of the transaction."
In the past five years, Paul John McFadden, aged 37, has held
the following position where he was acting in the capacity of a
director:
Current Directorships: Past Directorships:
Oakwood Accountancy SolutionsLimited Nil
--------------------
Details of Paul's appointment are set out in the Admission
Document posted to shareholders on 28 September 2018, save for his
role is now as permanent Finance Director.
Paul holds 171,500 ordinary shares and options over 875,000
ordinary shares in the Company.
There is no further information required to be disclosed in
respect of the above appointment pursuant to Rule 17 and Schedule 2
(g) of the AIM Rules for Companies.
Enquiries:
Shearwater Group plc www.theshearwatergroup.co.uk
David Williams c/o Instinctif Partners
Michael (Mo) Stevens
Cenkos Securities plc - NOMAD and Broker
Max Hartley - NOMAD
Julian Morse / Michael Johnson - Sales +44 (0) 20 7397 8900
Instinctif Partners - Financial PR shearwater@instinctif.com
Adrian Duffield / Chantal Woolcock / +44 (0) 20 7427 1412
Kay Larsen
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END
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