Appointment of Non-Executive Director

RNS Number : 7356E
Deepverge PLC
10 November 2020
 

10 November 2020

DeepVerge PLC

("DeepVerge" or "the Company")

Appointment of Non-Executive Director

DeepVerge (AIM:DVRG) is pleased to announce, following the offer for Modern Water plc being declared unconditional in all respects on 9 November 2020, the appointment of Dr Nigel Burton as a Non-Executive Director with effect from today.  

 

Nigel is a Non-Executive Director of Modern Water plc, and since 2017 has been instrumental in restructuring and recapitalising several AIM quoted companies, including two successful reverse takeovers. His earlier career included over 14 years as an investment banker at leading City institutions including UBS Warburg and Deutsche Bank, including as the Managing Director responsible for the energy and utilities industries, and 15 years as Chief Financial Officer or Chief Executive Officer of a number of private and public companies.

 

Ross Andrews, Chairman of DeepVerge commented: ""I'm delighted that Nigel has accepted our invitation to join the Board and I very much look forward to working with him as DeepVerge moves through its next phase of growth."

 

Nigel Burton commented: "I'm pleased to join the team at DeepVerge, who I have enjoyed working with as relationships with Modern Water strengthened, and look forward to supporting them as they create further value in the next exciting phase of the growth of DeepVerge."

 

Additional Information

 

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

 

Dr Nigel John Burton, aged 62, holds or has previously held the following directorships:

 

C urrent directorships

Former directorships (within the last five years):

Wasdale Head Limited

Wasdale Head Inn Limited

Highbec Limited

SenseToys Limited

ASD Visual Aids Limited

Digitalbox plc

Tau Capital plc

Corcel plc

eEnergy Group plc

Mobile Streams plc

Streams Data Limited

eEnergy Holdings Limited

Mobile Streams Inc

Modern Water plc

Management Resources Solutions plc

NU-Oil and Gas plc

GyroMetric Systems Limited

Remote Monitored Systems plc

Strat Aero International Limited

UKAerovision Limited

 

 

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Dr Nigel John Burton:

 

Dr Nigel Burton was a director of Pease Limited within 12 months of the company appointing a liquidator in June 1998. The company was subsequently liquidated in 2002.

 

He holds 683,167 Ordinary Shares in DeepVerge representing 0.44 per cent. of the current issued share capital.

 

For further information please contact:

DeepVerge plc

Ross Andrews, Chairman

Contact via DeepVerge's PR

SPARK Advisory Partners Limited

(Nominated Adviser)

Neil Baldwin/Andrew Emmott

+44 (0) 113 370 8974


 

 

About DeepVerge Plc:

DeepVerge is a scientific research and AI-as-a-Service company focused on production and analysis of bacteria, virus and toxins utilising artificial intelligent  data analytics in regulatory technology, from scientifically proving the impact of skincare product claims on skin microbiome for top 10 global cosmetic company clients to remotely detecting water contamination in real-time.

 

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