ULS Technology PLC Directorate Change (7134J)

TIDMULS

RNS Number : 7134J

ULS Technology PLC

04 April 2018

4 April 2018

ULS Technology plc

(The "Group" or the "Company")

Directorate Change

ULS Technology plc (AIM:ULS), the provider of online B2B platforms for the UK conveyancing and financial intermediary markets, announces that Ben Thompson is stepping down from his position as Chief Executive Officer and from the Board of the Company to join Mortgage Advice Bureau (Holdings) plc (AIM: MAB1). Stephen ('Steve') Goodall, Managing Director, has been appointed as Chief Executive Officer and has joined the Board of Directors with immediate effect. It is expected Ben will leave the Company after a suitable handover period.

Steve joined the Company as Managing Director in May 2017 and has been responsible for the day to day management of the Company's products and services. In addition, Steve has been instrumental in building the Company's success in tailoring conveyancing services and technology for lenders as well as introducing and commercialising new products and services for existing and new B2B relationships.

Prior to joining ULS, Steve worked for Legal & General Surveying Services ("LGSS") for over 15 years, most recently holding the post of Managing Director. During his tenure, he successfully transformed LGSS from a modest surveying business into the number one, market leading, property risk and valuation distribution business, which in 2016 handled over 500,000 valuation instructions and generated revenue of approximately GBP80 million.

Steve was awarded the Royal Institute of Chartered Surveyors' Fellowship in 2012 and also holds numerous high-profile industry awards, both personally and on behalf of LGSS.

Geoff Wicks, Independent Non-Executive Chairman of ULS Technology plc, said: "We would like to thank Ben for what he has achieved at ULS and wish him every success in the future. We are pleased to appoint Steve as CEO; he has been running our core business with considerable success and has a wealth of experience in our market. The Company remains extremely well positioned to build on the strong growth to date and Steve's reputation, relationships and experience will help us to continue to grow the business in the years ahead."

Other than the following, there is no information regarding Steve Goodall's appointment is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies:

 
 Previous directorships held    Legal & General Surveying 
  within the last five years:    Services Limited 
-----------------------------  -------------------------------- 
                                Legal & General Estate Agencies 
                                 Limited 
-----------------------------  -------------------------------- 
 

Mr Goodall holds 322,500 options over ordinary shares of 0.4 pence each in the capital of the Company.

Enquiries:

 
  ULS Technology plc                                        Tel: [phone] 
  Geoff Wicks, Non-Executive 
   Chairman 
  John Williams, Finance Director 
  Numis Securities Limited                                 Tel: [phone] 
   (Nomad & Broker) 
  Stuart Skinner / Paul Gillam, 
   Corporate Advisory 
  Michael Burke, Corporate 
   Broking 
  Walbrook PR Limited                [e-mail] or Tel: [phone] 
                                                                         8780 
  Paul Cornelius 
  Helen Cresswell 
   Nick Rome 
 
 

Market Abuse Regulation (MAR) Disclosure : The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 04, 2018 02:00 ET (06:00 GMT)