Mirriad Advertising PLC Directorate Change (9984A)

TIDMMIRI

RNS Number : 9984A

Mirriad Advertising PLC

04 June 2019

Mirriad Advertising plc

DIRECTORATE CHANGES

4 June 2019

Mirriad Advertising plc

Mirriad board strengthened by appointment of experienced independent Non-Executive Director

Mirriad Advertising plc ('Mirriad'), the established computer vision and AI platform company, today announces the retirement of Roger Faxon and the appointment of Bob Head to the Board as an independent Non-executive Director.

On 30(th) April Mirriad announced that John Pearson would replace Roger as Non-executive Chairman. As part of the planned succession, Roger will now retire from the Board with immediate effect after a long and productive association with the Company.

Bob Head will be formally appointed as an independent Non-executive Director immediately following the Company's AGM which will be held on 13(th) June 2019. Bob has a wealth of experience acting as a CEO and Non-executive Director to a variety of technology and digital businesses. He will Chair Mirriad's Audit and Remuneration Committees from appointment.

John Pearson, Chairman of Mirriad, said:

"We are delighted to announce the appointment of Bob as an independent Non-Executive Director. His expertise and wide-ranging experience in disruptive businesses perfectly suits this role as we continue the strategic refocusing of the Mirriad business.

"Bob has a track record of serving effectively on remuneration, audit and risk committees, and his proven ability to grow revenues whilst nurturing the long-term prospects of businesses will be invaluable going forward.

"As Roger leaves the company, I would like to join the Board to once again thank him for all he has done to set up the very exciting opportunities that lie ahead."

Biography of Bob Head

Robert Michael Head is a qualified Chartered Accountant, originally training with Coopers & Lybrand, where he was a senior manager, an Associate of the Chartered Insurance Institute and a Fellow of the Institute of Bankers. He has had a long, varied and successful career initially focused on the impact of technology on financial services including tenure at Prudential where he was the joint founder of egg.com and the Co-operative Bank plc where he was the first Chief Executive of award-winning online bank smile.co.uk.

Bob's career continued with nine years spent in various roles with Old Mutual including a period as Group HR & Strategy Director. Bob has also spent time in South Africa where he was a member of the Executive Committee of the South African Revenue Service before a serving short period as Interim Chief Financial Officer at South African Airways.

Appendix

 
 Full name:                        Robert Michael Head 
 Age:                              60 
 Current directorships:            FairFX plc, Personal Group plc, 
                                    Alexander Forbes Group Limited 
 Directorships held in the past    Interfront Ltd, Create Bidco 
  five years:                       1 Ltd, LTV UK Holdings Ltd, 
                                    Hargreaves Holden Ltd 
 

There is no further information required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM rules.

About Mirriad

Mirriad is an established computer vision and AI-powered platform company, built on Academy Award-winning entertainment tech, with 29 patents and patents pending. Using sophisticated technologies, Mirriad connects people with brands, through seamless ad insertions in popular linear and digital content. Advertisers can now reach very large target audiences in a contextually relevant way without interrupting the viewing experience.

Research has consistently shown in-video advertising to be highly effective for the marketer and preferred by audiences on TV, online, and mobile.

Mirriad is headquartered in London, with offices in New York, Paris, Munich, Mumbai, and Shanghai.

Enquiries:

For further information please visit www.mirriad.com or contact:

Mirriad Advertising plc

Stephan Beringer, Chief Executive Officer

David Dorans, Chief Financial Officer

Tel: [phone]

Numis Securities Limited (Nominated Adviser & Broker)

Nick Westlake

James Black

Hugo Rubinstein

Tel: [phone]

Financial Communications:

Charlotte Street Partners

Andrew Wilson Tel: [phone]

Tom Gillingham Tel: [phone]

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June 04, 2019 02:00 ET (06:00 GMT)