Trackwise Designs PLC Appointment of Director and Company Secretary (0041U)

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RNS Number : 0041U

Trackwise Designs PLC

28 July 2022

28 July 2022

TRACKWISE DESIGNS PLC

("Trackwise" or the "Company")

Appointment of Director and Company Secretary

Further to the Company's announcement on 28 January 2022, Trackwise confirms the appointment of Paul Cook to the Board and as Company Secretary effective 27 July 2022. As previously announced Mark Hodgkins will step down from the Board at the Annual General Meeting and Paul will assume the role of Chief Financial Officer.

Paul is an experienced finance professional with a track record of success across senior positions at several technology-driven manufacturing businesses selling into international markets, including Access IS, a manufacturer of scanning devices, and Sonatest, a manufacturer of portable non-destructive testing equipment. He was also Project Manager for PCB manufacturer, SMS Electronics.

Most recently he was Chief Operating Officer and Compliance Officer at YFM Equity Partners ("YFM"), a leading private equity and venture capital investor, where he worked for a period of more than eight years. In his time at YFM he played an important role in the strategic development of the firm, while overseeing the key financial functions and financial reporting of its two listed British Smaller Companies VCTs.

Philip Johnston, CEO of Trackwise, commented : "I have no doubt Paul's experience across international markets and technology-driven manufacturing will be a real asset to Trackwise as the Company executes its growth strategy. He has settled into the business well and I am confident he will make a valuable contribution to our future success."

At the same time, I would like to thank Mark Hodgkins for the role he has played in the development of the Company over the last few years, having led us through a successful flotation on AIM and played an essential part in expanding our footprint and establishing the systems and processes that will enable us to fulfil our growth ambitions. On behalf of the Board and everyone at the Company, I wish him all the best in his future endeavours."

Paul Cook, CFO-Designate of Trackwise, commented : "I am delighted to be appointed a Director of Trackwise and look forward to becoming Chief Financial Officer following Mark standing down at the AGM. With a huge opportunity ahead, I look forward to working with the team to help scale the business further."

INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES FOR COMPANIES ("AIM RULES")

 
Full name:                      Paul David Cook 
Age:                            57 
Shareholding in the Company:    35,213 shares (including those held 
                                 by PCA (Mrs Cook)) 
Current directorships           None 
 and partnerships: 
Historic directorships          YFM Equity Partners LLP 
 and partnerships in previous    YFM Private Equity Limited 
 5 years:                        YFM Private Equity GP 1 Limited 
                                 YFM Private Equity GP 2 Limited 
                                 YFM Private Finance Limited 
                                 Amdepa Consulting Ltd 
 

There is no further information to be disclosed in relation to the director appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM Rules.

Enquiries:

 
 Trackwise Designs plc                         [phone] 
 Philip Johnston, CEO                          www.trackwise.co.uk 
 Mark Hodgkins, CFO 
 Paul Cook, CFO Designate 
 
 finnCap Ltd                                   [phone] 
 NOMAD and Broker 
 Ed Frisby / Tim Harper - Corporate Finance 
 Andrew Burdis / Barney Hayward - ECM 
 
 Alma PR                                       [phone] 
 Financial PR and IR 
 David Ison / Caroline Forde / Kieran 
  Breheny / Pippa Crabtree 
 

Notes to Editors

Trackwise is a UK-based manufacturer of specialist products using printed circuit technology.

The full suite includes: Improved Harness Technology(TM) ("IHT") and Advanced PCBs - Microwave and Radio Frequency ("RF"), Short Flex, Flex Rigid and Rigid Multilayer products.

IHT uses a proprietary, patented process that Trackwise has developed to manufacture multilayer flexible printed circuits of unlimited length. While the technology has many applications, the directors expect that one of its primary uses will be to replace traditional wire harness in a variety of industries.

The Company manufactures on two sites, located in Tewkesbury and Stevenage (following the acquisition of Stevenage Circuits Ltd in April 2020). It serves customers in Europe and North America. The Company has acquired a third site in Stonehouse Gloucestershire initially for its EV programme.

Trackwise Designs plc was admitted to trading on AIM in 2018 with the ticker TWD. For additional information please visit www.trackwise.co.uk

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July 28, 2022 02:00 ET (06:00 GMT)