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Share Name Share Symbol Market Type Share ISIN Share Description
Allied Minds Plc LSE:ALM London Ordinary Share GB00BLRLH124 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.525 2.79% 19.375 18.75 20.00 58,013 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1.5 -16.2 -6.0 - 47

Allied Minds PLC Board Change

17/06/2022 7:00am

UK Regulatory (RNS & others)


Allied Minds (LSE:ALM)
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RNS Number : 2211P

Allied Minds PLC

17 June 2022

17 June 2022

Allied Minds plc

("Allied Minds" or the "Company")

Board Change

Further to the announcement of 31 May 2022, Allied Minds plc (LSE: ALM), the IP commercialisation company focused on early-stage company development within the technology sector, confirms that Harry Rein has stepped down as Chairman following the publication of the Company's Full Year 2021 results.

Bruce Failing, previously Senior Independent Director, has assumed the position of Interim Chairman. A recruitment process is currently underway to restore the appropriate number of non-executive directors to the board. The Company will update shareholders as soon as practicable on that process and the subsequent roles that each board member will hold on a go forward basis.

Bruce Failing, Interim Chairman, commented:

" I would like to thank Harry for the important contribution he has made to Allied Minds. He leaves with our very best wishes having overseen a vital restructuring of the portfolio and strategic review of the business, which will now be carried through under a refreshed board."

For further information, please contact:

 
 Allied Minds plc                          c/o Instinctif Partners 
  Bruce Failing 
 
 Instinctif Partners (Communications) 
 Tim Linacre / Rozi Morris / Joe Quinlan   alliedminds@instinctif.com 
 

About Allied Minds

Allied Minds plc is an IP commercialisation company focused on early stage company development within the technology sector. With origination relationships that span US federal laboratories, universities, and leading US corporations, Allied Minds historically created, and now operates and funds, a portfolio of companies to generate long-term value for its investors and stakeholders. Based in Boston, Allied Minds supports its businesses with capital, management, expertise and shared services. For more information, please visit www.alliedminds.com .

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.

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(END) Dow Jones Newswires

June 17, 2022 02:00 ET (06:00 GMT)

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