Allergy Therapeutics PLC Board Change (6841C)

TIDMAGY

RNS Number : 6841C

Allergy Therapeutics PLC

19 June 2019

Allergy Therapeutics plc

("Allergy Therapeutics" or the "Group")

Board Change

Appointment of Mary Tavener as Non-Executive Director

19 June 2019 Allergy Therapeutics plc (AIM: AGY), the fully integrated commercial biotechnology company specialising in allergy vaccines, announces that Mary Tavener will join the Board of Allergy Therapeutics as a Non-Executive Director with immediate effect. Mary will also join the Audit Committee of the Board and will work closely with the current chair Stephen Smith in anticipation of her succeeding Stephen as chair of the committee after the Group publishes its final results for the year ended 30 June 2019 in September.

Mary has extensive experience in the healthcare sector, having spent more than 19 years as Chief Financial Officer and Board member of AIM listed Advanced Medical Solutions ("AMS"). At AMS, Mary was responsible for strategy and risk management, finance, operations, regulatory, and legal. During her tenure through to the end of 2018, AMS delivered 15 consecutive years of growth, listed on AIM, and successfully conducted several transformational M&A deals. Mary is a Fellow of the Chartered Institute of Management Accountants (FCMA) and a Fellow of the Association of Corporate Treasurers (FCT). Prior to joining AMS, Mary was the Group Financial Controller of BTP plc.

Commenting on the appointment, Peter Jensen, Chairman of Allergy Therapeutics, said: "I am delighted to announce Mary's appointment and welcome her to the Board. Mary has an excellent track record and an impressive breadth of executive experience, and we look forward to the invaluable and trusted perspective she will bring to the Board."

Commenting on her appointment, Mary Tavener said: "Allergy Therapeutics has an excellent growth story since its formation as a small spinout from SmithKline Beecham in 1999. The business today has a broad range of assets in clinical development, a global presence across 23 markets, over 500 employees, and has achieved a 10% CAGR over the last 19 years as well as significant commercial success. I look forward to working with the Board to further develop Allergy's leading position in the allergen immunotherapy sector."

Additional Information

In accordance with the AIM Rules, the following information required to be disclosed in relation to Mary Tavener is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules.

Full name and age

Mary Geraldine Tavener, 57 years old

 
Current Directorships                 Past Directorships in the previous 
                                       five years 
 
Cuddington & Sandiway Parish Playing  Advanced Healthcare Systems Limited 
 Fields Association Limited 
                                      Advanced Medical Solutions (Uk) 
                                       Limited 
                                      Advanced Medical Solutions Group 
                                       plc 
                                      Advanced Medical Solutions Limited 
                                      Advanced Medical Solutions (Plymouth) 
                                       Limited 
                                      AMS Trustee Company Limited 
                                      Innovative Technologies Limited 
                                      Medlogic Global Holdings Limited 
                                      Advanced Medical Solutions (Europe) 
                                       Limited 
                                      Advanced Healthcare Systems Limited 
                                      Advanced Medical Solutions (UK) 
                                       Limited 
                                      Advanced Medical Solutions Group 
                                       plc 
 
 
 

- ENDS -

For further information, please contact:

Allergy Therapeutics

[phone]

Manuel Llobet, Chief Executive Officer

Nick Wykeman, Chief Financial Officer

Panmure Gordon

[phone]

Freddy Crossley, Emma Earl, Corporate Finance

Erik Anderson, Corporate Broking

Consilium Strategic Communications

[phone]

Mary-Jane Elliott / David Daley / Nicholas Brown / Olivia Manser

[e-mail]

Stern Investor Relations, Inc.

[phone]

Christina Tartaglia

[e-mail]

Notes for editors:

About Allergy Therapeutics

Allergy Therapeutics is an international commercial biotechnology company focussed on the treatment and diagnosis of allergic disorders, including aluminium free immunotherapy vaccines that have the potential to cure disease. The Group sells proprietary and third-party products from its subsidiaries in nine major European countries and via distribution agreements in an additional ten countries. Its broad pipeline of products in clinical development include vaccines for grass, tree and house dust mite, and peanut allergy vaccine in pre-clinical development. Other adjuvant systems to boost performance of vaccines outside allergy are also in development.

Formed in 1999 out of Smith Kline Beecham, Allergy Therapeutics is headquartered in Worthing, UK with more than 11,000m(2) of state-of-the-art MHRA-approved manufacturing facilities and laboratories. The Group, which has achieved double digit compound annual growth since formation, employs c.500 employees and is listed on the London Stock Exchange (AIM:AGY). For more information, please see www.allergytherapeutics.com.

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June 19, 2019 02:00 ET (06:00 GMT)