Directorate Change

RNS Number : 2492J

Blancco Technology Group PLC

08 September 2016

 

8 September 2016

Blancco Technology Group PLC

("Blancco" or the "Group")

BOARD APPOINTMENT

Blancco, a leading global provider of mobile device diagnostics and secure data erasure solutions, is pleased to announce that Keith Butcher will join the Group as Chief Financial Officer on 19 September 2016, and will be appointed to the PLC Board at the next Board meeting in October. Upon this appointment Jog Dhody, the existing CFO, will resign from the Board and will leave the Group following an orderly handover.

Keith is a highly experienced public company CFO and brings a track record of success in high growth technology businesses. He joins from MOO.com (Moo Print Limited), a Private Equity backed online design and print company where he was group CFO.

Previously, for five years until 2015, Keith was CFO of AIM listed PaySafe Group Plc (previously Optimal Payments plc), an international online payments company servicing customers in over 190 countries that saw a substantial share price appreciation during his tenure and is now part of the FTSE 250 with a market capitalization of c. £2 billion. 

Prior to that, Keith was Finance Director of AIM listed Flomerics Group Plc ("Flomerics"), a market leading specialist software simulation company, at the time listed on the London Stock Exchange, and was instrumental in the sale of the company to Nasdaq listed Mentor Graphics Inc.

Before Flomerics, Keith was Finance Director of AIM listed DataCash Group Plc, a specialist online Payment Service Provider to online/e-commerce businesses worldwide which was sold to MasterCard for c. £333 million in 2010.

Keith was awarded Finance Director of the Year at the Quoted Company Alliance Awards (QCA) 2014.

Matthew Peacock, Non-executive Chairman commented,

"I am delighted to welcome Keith to the Company and to the Board. He brings a wealth of public company experience working with high growth technology businesses. We look forward to his contribution and working with him. 

"I would also like to thank Jog Dhody for his contribution and support in building and transitioning the Group over the last four years."

In relation to the appointment of Keith Butcher to the Board of Directors, Blancco confirms that there is nothing further to disclose in relation to his appointment under AIM Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies, save as required and disclosed in this announcement:

Full name: Keith Butcher

Age: 53 years old

In the last five years, Keith has held the following Directorships:

Directorships in last five years	Jurisdiction	Co Number	Directorship Dates
Paysafe Group plc	Isle of Man	109535C	20.05.2010 - 01.01.2015
NetGroup Holdings Limited	Isle of Man	115194C	09.08.2010 - 31.01.2015
Netadmin Limited	Isle of Man	115192C	09.08.2010 - 31.01.2015
Net ID Limited	Isle of Man	116266C	09.08.2010 - 31.01.2015
Paysafe Merchant Services Limited	Isle of Man	115193C	09.08.2010 - 31.01.2015
NetB Limited	Isle of Man	118102C	09.08.2010 - 31.01.2015
Greenscroft Limited	Isle of Man	112628C	09.08.2010 - 31.12.2012
Jade Enterprises Limited	Isle of Man	112787C	09.08.2010 - 31.12.2012
Lime Enterprises Limited	Isle of Man	112788C	09.08.2010 - 31.12.2012
Duke Royalty UK Ltd	UK	10223638	09.06.2016 - 07.09.2016

Enquiries:

Blancco Technology Group Plc                                           [phone]

Patrick Clawson, Chief Executive Officer

Jog Dhody, Chief Financial Officer

Peel Hunt LLP (Nominated Adviser and Broker)           [phone]

Richard Kauffer

Euan Brown

Panmure Gordon (UK) Limited (Joint Broker)               [phone]

Dominic Morley, Corporate Finance

Charles Leigh Pemberton, Corporate Broking

Tulchan Communications                                                   [phone]

Tom Murray

About Blancco

Blancco Technology Group is a leading global provider of mobile device diagnostics and secure data erasure solutions. For more information, please visit www.blanccotechnologygroup.com.

 

END

 

 

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