Drumz Plc Directorate Change

 
TIDMDRUM 
 
7 June 2022 
 
                                   Drumz plc 
                          ('Drumz", or the "Company") 
 
                            Appointment of Director 
 
Drumz plc (AIM: DRUM) the investing company focused on building value in 
technology, is pleased to announce the appointment of Nicholas 'Nick' Clark as 
a Non-Executive Director of the Company with immediate effect. 
 
Nick Clark is the founder and Chief Executive of Torpedo Factory Group Limited 
("TFG"). He founded the business in 1997 and has successfully grown it through 
a combination of acquisitions and organic growth.  TFG is a technology systems 
integrator, primarily operating in audio visual systems for commercial 
environments and the provision of technology for the theatre and performing 
arts sector. 
 
In addition from February 2019 to March 2022 Nick Clark was Non-executive Chair 
of Ortana Media Group Ltd (Ortana), which had created a software platform with 
applications in the broadcast / media industry and more widely.  His 
appointment at Ortana commenced when TFG became a substantial investor in 
Ortana.  Ortana was sold to a global media services business in March 2022. 
 
Prior to starting the business Nick Clark studied Physics at Imperial College 
graduating with a BSc 2(i) followed by an MPhil in Microelectronic Engineering 
and Semiconductor Physics at the University of Cambridge. 
 
The following information is disclosed in accordance with Rule 17 and paragraph 
(g) of Schedule 2 of the AIM Rules for Companies in connection with the 
appointment of Nick Clark, aged 48, to the Board of the Company: 
 
Current directorships               Past directorships held within the 
                                    last five years 
 
Torpedo Factory Group Limited       Ortana Media Group Ltd 
 
Torpedo Factory Limited 
 
TFG Stage Technology Limited 
 
Orion Audio Visual Limited 
 
Pinnerton Video Systems Limited 
 
Foresight Audio Visual Limited 
 
Gordon Audio Visual Limited 
 
Brightgrow Ltd 
 
Steampunk Ltd 
 
Awesomestow Properties Ltd 
 
Nick Clark was a director of HVS Media Limited a company which became insolvent 
whilst he was a director.  He became a director of HVS Media Limited when the 
company was acquired in 2007 by TFG for a nominal consideration.  It was placed 
into administration in 2008. 
 
Nick Clark and his family own 89,360,000 Ordinary Shares of 0.1 pence in the 
Company, representing 21.3% of the Company's issued share capital. In addition, 
Nick Clark and his family hold 10,000,000 warrants to subscribe for the same 
number of shares at 1.0p per share. TFG, of which Nick Clark is a director and 
owns more than 30% of its voting share capital, owns 5,000,0000 shares 
representing 1.19% of the Company's issued share capital. In addition, TFG owns 
5,000,000 warrants to subscribe for the same number of shares at 1.0p per 
share. 
 
There are no other matters under paragraph (g) of Schedule 2 of the AIM Rules 
to be disclosed. 
 
Nick Clark commented "I look forward to contributing to Drumz and assisting 
with its growth and creation of shareholder value". 
 
Angus Forrest, Chief Executive of Drumz, said  "We are delighted to strengthen 
the Board by the appointment of Nick Clark who brings his experience of growing 
a business from early stage as well as investing in a software business, 
improving its prospects, and selling it for a substantial return.  The Board 
looks forward to working with Nick." 
 
The information communicated in this announcement contains inside information 
for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 
as it forms part of UK domestic law by virtue of the European Union 
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the 
Company's obligations under Article 17 of MAR. 
 
For further information 
please contact: 
 
Drumz Plc                    www.drumzplc.com 
 
Angus Forrest                [phone] 
 
WH Ireland (NOMAD & Broker)  www.whirelandplc.com/capital-markets 
 
Mike Coe / Sarah Mather      020 7220 1666 
 
Peterhouse Capital Limited 
Joint broker 
 
Lucy Williams / Duncan Vasey 020 7469 0936 
 
 
 
END 
 
 

(END) Dow Jones Newswires

June 07, 2022 02:00 ET (06:00 GMT)