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AD4 Adept4 Plc

2.05
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Adept4 Plc LSE:AD4 London Ordinary Share GB00B8GRBX01 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.05 1.90 2.20 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Cloudcoco Group PLC Board Changes (2386B)

09/06/2021 7:00am

UK Regulatory


Adept4 (LSE:AD4)
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TIDMCLCO

RNS Number : 2386B

Cloudcoco Group PLC

09 June 2021

CloudCoCo Group plc

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

Board Changes

CloudCoCo (AIM: CLCO), a UK provider of IT and communications solutions to businesses and public sector organisations, announces that Mike Lacey has informed the Board of his decision to step down as Chief Financial Officer (CFO) and Board member for personal reasons. Mike has been instrumental in strengthening the Group's finance function since joining in January 2020 and we wish him every success in his future endeavours.

Darron Giddens, previously Group Finance Director, will replace Mike as CFO and be appointed to the Board with immediate effect. Darron has been with the Group since 2009, having previously had stints at Trust House Forte Group, Boston Consulting Group and IDN Telecom Plc. He qualified as a Chartered Management Accountant with Gan Life & Pensions plc and holds an MBA from Aston University.

Simon Duckworth, Non-Executive Chairman, commented:

"Together with my Board colleagues, I would like to thank Mike for his valuable contribution over the last 17 months, especially given the challenging external circumstances the business has faced for the majority of this time. Mike has played an important role in stabilising the Group's finances and paving the way for long-term, sustainable growth and we wish him good health and every success going forward.

"At the same time, we welcome Darron to the Board, and acknowledge all that he has already contributed to the business in recent years. At this stage in our reinvigoration it's important to have a seamless transition, and we are delighted that this move will help achieve that."

 
 Contacts 
 
 CloudCoCo                                  via Alma PR 
 Mark Halpin, CEO 
 Darron Giddens, CFO 
 
 N+1 Singer (nominated adviser & broker)    +44 (0)20 7496 3000 
 Peter Steel 
 
 Alma PR (financial PR adviser)             +44 (0)20 3405 0205 
 David Ison                                 cloudcoco@almapr.co.uk 
 Josh Royston 
 Kieran Breheny 
 

About CloudCoCo

Supported by a team of industry experts and harnessing a diverse ecosystem of partnerships with blue-chip technology vendors, CloudCoCo makes it easy for businesses and public sector organisations to work smarter, faster and more securely by providing a single point of purchase for their connectivity, telephony, cyber security, cloud, IT hardware and support needs.

CloudCoCo has offices in Warrington and Leeds in the UK.

www.cloudcoco.co.uk

Schedule Two Paragraph (g) Disclosures

The following information is being disclosed pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for Companies:

Darron Giddens, aged 53, holds or has held the following directorships or partnerships in the past five years:

Current Directorships/ Partnerships

Cloudcoco Limited

Cloudcoco Managed IT Limited

Cloudcoco Holdings Limited

Pinnacle CDT Limited

Ancar-B Technologies Limited

Past Directorships/ Partnerships

Weston Communications Limited Cloudcoco Cloud Services Limited

   Online Computer Developments Limited                                Multilayer Limited 

Maclellan IT Limited Sports Club Telecom Limited

Pinnacle Telecom Limited Pinnacle Mobile Limited

Loyal IT Limited Colloquium Limited

Solwise Telephony Limited Sipswitch Limited

Accent Telecom South Limited

Darron holds 2,946,150 ordinary shares of one penny each in the capital of the Company ("Ordinary Shares") equal to approximately 0.6% of the Company's issued share capital and holds 1,280 Ordinary 'A' shares in CloudCoCo Holdings Limited, issued as part of the Long Term Incentive Plan as announced on 16 February 2017.

Darron has also been granted 7,000,000 options over Ordinary Shares pursuant to the Company's EMI Share Option Scheme (as announced on 23 November 2020).

Save as disclosed above there are no additional disclosures to be made in accordance with Rule 17 or Schedule Two paragraph (g) of the AIM rules regarding Darron Giddens.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOADKFBPKBKBQAK

(END) Dow Jones Newswires

June 09, 2021 02:00 ET (06:00 GMT)

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