Proxama PLC Appointment of CFO (5174E)

TIDMPROX

RNS Number : 5174E

Proxama PLC

12 February 2018

12 February 2018

Proxama PLC

("Proxama" or the "Company")

Directorate change

Appointment of CFO

Proxama PLC (AIM: PROX), the leading mobile location and data intelligence expert, is pleased to announce the appointment of David Rae as Chief Financial Officer of the Company with immediate effect.

David is an accomplished CFO with a wealth of public company, growth and international business experience within the technology and energy sectors. He has joined the Proxama board on a part-time basis and will assist in delivering the Location Sciences business plan, in particular, by providing strategic input and leading the finance and investor relations functions.

He is a Fellow of the Institute of Chartered Accountants in England and Wales and holds a first-class honours degree in Information Systems and Management Studies from the University of Leeds. He began his career in 1992 with EY's Entrepreneurial Services team in London, where he focused on fast growth companies. After leaving EY in 1999, David worked in corporate finance where he advised both public and private companies on fundraising and M&A activities.

David is currently the CFO of SmartXpo Solutions Limited, the AI and machine learning company to the global events industry. Prior to this, he was CFO of STC Energy Management Limited, a leading energy software technology provider, where he led the sale of the company to Inspired Energy PLC. Previously, David was a non-executive director of Pixels Limited, (formerly AIM quoted as Pixel Interactive Media Limited) which was recently acquired by Gravity4, with responsibility for corporate governance and investor relations.

Mark Slade, CEO of Proxama, said: "I am delighted to welcome David to our team. He has great experience working with young companies such as ours and helping them to grow rapidly. The Proxama Board sees a number of exciting opportunities for us to grow within the AI space."

Regulatory disclosures (in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies):

David Richard Rae, aged 44, is, or has been during the last five years, a director or partner of the following companies/partnerships:

Current directorships/partnerships:

Insight Advisory Limited

Previous directorships/partnerships:

Bioheat Energy Limited

Bioheat Renewables Limited

Ingenious Energy Limited

Innasol Limited

Innasol Heat Pod Limited

The UK Pellet Council

From September 2006 to July 2008, David was a director of Dawnay, Day Corporate Finance Limited ("Dawnay Day"), which entered into a creditors' voluntary liquidation in February 2009 following Dawnay Day's parent company entering administration, which commenced in July 2008.

No further disclosure is required under AIM Rule 17 and paragraph (g) to Schedule Two of the AIM Rules for Companies.

 
 Enquiries: 
  Proxama PLC                   Via Redleaf Communications 
 Mark Slade, Chief Executive 
  Officer 
 
 Stockdale Securities          Tel: [phone] 
  Limited                       6100 
 Tom Griffiths 
 Ed Thomas 
 
 Redleaf Communications 
 Charlie Geller                Tel: [phone] 
                                6880 
 Fiona Norman 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 12, 2018 02:00 ET (07:00 GMT)