Beeks Financial Cloud Group PLC Directorate Change (0760C)

TIDMBKS

RNS Number : 0760C

Beeks Financial Cloud Group PLC

27 September 2018

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Directorate Changes

27 September 2018 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, announces that Simon Goulding, the Company's Chief Financial Officer, has informed the Board of his intention to retire from this role and as a director of the Company at the Company's next Annual General Meeting, which is scheduled to take place on 24 October 2018. On this date, Fraser McDonald, current Group Financial Controller, will be appointed as Chief Financial Officer and to the Board of the Company.

Fraser joined Beeks in April 2016 as a consultant and was appointed as Group Financial Controller in April 2017. He was a key member of the team who prepared the Company for Admission to AIM in November 2017. Fraser has over 17 years' experience in finance roles across both the private and public sector and has held senior roles including Head of Finance and Commercial Manager. He has a BA (Hons) degree in Finance from the University of Strathclyde and a Postgraduate Diploma in Information Technology from the University of Paisley.

Previously a consultant to the Company, Simon became full time CFO in December 2015 with a remit to manage the Company's IPO process. He leaves Beeks on a sound financial footing and will remain with the Company until 31 December 2018 to ensure an orderly handover. The Company is in the process of appointing a Group Financial Controller.

Mark Cubitt, Chairman of Beeks Financial Cloud, commented, "Fraser contributed greatly to the success of the Company's IPO last year and we have been delighted with his contribution to the business since Beeks joined AIM. We are very pleased to welcome him to the Board of the Company. We would like to thank Simon for his leadership of the finance team over the last few years and we are benefitting from the robust structures he has put in place. We wish him all the best for his future endeavours."

Appendix - AIM Rule 17

Save for the information set out below, there are no further disclosures to be made in accordance with Rule 17, Schedule Two (g) of the AIM Rules for Companies in respect of the appointment of Fraser Thomas McDonald, aged 44.

 
 Current Directorships 
 R3D Consulting Ltd 
 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

For further information please contact:

 
 Beeks Financial Cloud Group plc 
 Gordon McArthur, CEO                           via Alma PR 
 Simon Goulding, CFO 
 
 Cenkos Securities plc                   [phone] 
 Derrick Lee / Beth McKiernan 
 
 Alma PR                                 [phone] 
 Caroline Forde / Helena Bogle / Josh 
  Royston 
 

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a UK-based low-latency Infrastructure-as-a-Service (IaaS) provider for automated trading in Forex, Futures, Equities, Fixed income and cryptocurrency financial products. With eleven data centres globally and low-latency connectivity between sites, the Beeks Financial Cloud focuses on reducing barriers to entry and time to market for institutional clients. For more information, visit: www.beeksfinancialcloud.com.

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September 27, 2018 02:02 ET (06:02 GMT)