Blur Group PLC Board Restructuring (8571K)

TIDMBLUR

RNS Number : 8571K

Blur Group PLC

12 July 2017

blur Group plc

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

Board Restructuring

blur Group plc (AIM:BLUR), the market-leading Indirect Spend Management platform, announces subsequent to the announcement on 7 July 2017, the following Board changes with immediate effect. David Rowe has been appointed as Chairman with Preeti Mardia, Richard Rae and Richard Croft being appointed to the Board as Non-executive Directors. David Sherriff (Chairman), Roger de Peyrecave (Non-executive Director), Rob Wirszycz (Non-executive Director) and Kara Cardinale (Chief Delivery Officer) have resigned from the Board with immediate effect.

Save as otherwise defined, capitalised terms used in this announcement have the meanings given to them in the announcement released by the Company on 7 July 2017 at 7.00 a.m.

David Rowe (Chairman)

David Rowe is the CEO of Black Green Capital, a Venture Capital investment company based in London specialising in disruptive digital transformation.

Companies in the portfolio include http://levelupmedia.tv/, hydro66.com, sendwyre.com, and message.io.

David Rowe was CEO and founder of Easynet Group, a UK listed global Enterprise Cloud services business sold to BSkyB in 2006. David Rowe subsequently headed up B2B at BSkyB.

David Rowe has conditionally subscribed for 8,571,428 shares in the Placing announced on 7 July 2017.

The following disclosures are required regarding the appointment of David Stanley Rowe, aged 58, pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:

 
 Current Directorships          Past Directorships/Partnerships 
                                 in the last 5 years 
 Black Green Capital Ltd        EGHL Limited 
 Megamining Limited             EGHL (UK) Limited 
 Hydro66 UK Ltd                 Interoute Managed 
                                 Services UK Ltd 
 DingMedia Ltd                  EGSL Holding Limited 
 Repknight Ltd                  B2B Holding Limited 
 Kurchakee Limited              Easynet Limited 
 Flexflight Limited 
 Dingit Video Limited 
 BGC Gigler LLP 
 BGC Ding LLP 
 Black Green Ventures Limited 
 Darwin SSP Limited 
 Level Up Media Ltd 
 

Richard Croft (Non-executive Director)

Richard Croft is a solicitor with more than 20 years' experience of corporate and commercial law. Richard Croft's current directorships include Croft Legal Services Limited, Black Green Capital Limited and Hydro66 UK Limited. His initial career was at GEC and as general counsel for Easynet Group. Richard Croft specialises in TMT and new media commercial law.

Richard Croft has conditionally subscribed for 1,428,571 shares in the Placing announced on 7 July 2017.

The following disclosures are required regarding the appointment of Richard James Croft, aged 53, pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:

 
 Current Directorships          Past Directorships/Partnerships 
                                 in the last 5 years 
 Black Green Capital Ltd        EGHL Limited 
 Croft Legal Services Limited   EGHL (UK) Limited 
 Hydro66 UK Ltd                 Interoute Managed 
                                 Services UK Ltd 
 BGC Ding LLP                   EGSL Holding Limited 
 BGC Gigler LLP                 B2B Holding Limited 
 Flexflight Limited             Easynet Limited 
 Megamining Limited 
 

Preeti Mardia (Non-executive Director)

Preeti Mardia has diverse end-to-end operations management and commercial expertise across Electronics, Telecoms, Aerospace and FMCG sectors. Preeti Mardia is currently Senior Vice President Operations at IDEX ASA, a leading fingerprint imaging and recognition technology company publicly listed in Norway and Board Director with ThinFilm Electronics ASA a global leader in NFC mobile marketing and smart-packaging solutions using printed electronics technology.

Prior to IDEX she was Vice President Operations for Axxcss Wireless UK and Operations Director at Filtronic Plc. She also gained extensive FMCG experience in manufacturing, product development and quality assurance with Cadbury Schweppes Plc.

Preeti Mardia has Masters degree in Management from Ashridge.

Preeti Mardia has conditionally subscribed for 857,142 shares in the Placing announced on 7 July 2017.

The following disclosures are required regarding the appointment of Preeti Mardia, aged 49, pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:

 
 Current Directorships      Past Directorships/Partnerships 
                             in the last 5 years 
 ThinFilm Electronics ASA   None 
 

Richard Rae (Non-executive Director)

Richard Rae qualified as a chartered accountant with KPMG and joined Hoare Govett as an investment analyst in 1987. He spent 22 years working in investment research and equities management, latterly as a Managing Director, responsible for smaller companies, in the Global Equities division of ABN AMRO. Since 2009, he has established himself as an independent management consultant providing corporate advice to both listed and unlisted companies. He is also a director of Aberforth Smaller Companies Trust plc, and Chaarat Gold Holdings Limited.

Richard Rae has conditionally subscribed for 4,285,714 shares in the Placing announced on 7 July 2017.

The following disclosures are required regarding the appointment of Richard Anthony Rae, aged 58, pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:

 
 Current Directorships         Past Directorships/Partnerships 
                                in the last 5 years 
 Aberforth Smaller Companies   Company85 Ltd 
  Trust Plc 
 Chaarat Gold Holdings Ltd     Mouchel Group Plc 
 Repknight Ltd 
 

Richard joined the board of Mouchel Group plc in November 2010 following a number of profit warnings, and remained on the board until September 2012 when the company was restructured and placed into administration and its business purchased by a buyout company owned by its lenders.

For further information please contact:

blur Group plc

Tim Allen

Finance Director

Tel: [phone]

N+1 Singer

Shaun Dobson / James White

Tel: [phone]

Yellow Jersey PR

Alistair de Kare-Silver

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 12, 2017 06:33 ET (10:33 GMT)