Directorate Change

RNS Number : 2023C
IDOX PLC
21 February 2022
 

21 February 2022


Idox plc 

("Idox", "the Company" or "the Group")

Directorate Change

Appointment of Chief Financial Officer and creation of new M&A role

ldox plc (AIM: IDOX), a leading supplier of specialist information management software and solutions to the public and asset intensive sectors, announces the appointment of Anoop Kang as an Executive Director of the Company and the Group's Chief Financial Officer ("CFO").

Anoop will join the Group on 21 February 2022 and the Board immediately following the conclusion of the Company's Annual General Meeting on 16 March 2022.

Rob Grubb, the Group's current CFO, will continue in his role as an Executive Director and CFO until such time, whereupon he will step down from the Board and take up a newly created role at Idox, M&A Director, advancing the Group's inorganic growth strategy. As part of the Group's 'fly' phase, the Board's aim is to complement the organic growth of the Group with a buy and build strategy; this is focused on acquiring UK based businesses, typically bolt on in scale, which add IP software products for the public sector markets in which we specialise.  Rob's role will be focused on identifying targets and negotiating transactions within the Group's well established acquisition criteria. 

Anoop began his career at Deloitte LLP, before moving to Balfour Beatty plc in September 2010. At Balfour Beatty, Anoop performed a number of senior roles, including Finance Director of the rail division and Head of Investor Relations, before becoming Group Financial Controller of Kier Group plc. Subsequently, Anoop was appointed as Group CFO of Cambian Group plc and then Logistics Development Group plc.

Anoop Kang commented:

"I am excited to be joining the Idox team as the business executes on its clear growth ambitions. I have been impressed by the people, culture, products and market position that Idox has worked hard to develop and progress in recent years. I look forward to contributing towards the future success of the Group."

David Meaden, Chief Executive Officer, commented:

"Idox has made strong progress over the last three years, and I am delighted to welcome Anoop to our team, and that Rob remains with the Group. Anoop brings a wealth of experience in leading large finance teams, and in capital markets across a number of listed businesses, to support the next phase of our journey to accelerate our 'fly phase' which combines a focus on organic and inorganic growth initiatives.  We have executed well on our strategy to date and I am looking forward to working closely with Anoop and with Rob in his new role."

 

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Anoop Kang (aged 47) holds or has held in the past 5 years the following directorships and partnerships:

Current

Past five years

None

Advanced Childcare Services Limited

AP Filtration Limited

Bleriot Bidco Limited

Bleriot Finco Limited

Bleriot Finco Holdings Limited

Bleriot Midco Limited

Bleriot Topco Limited

Bleriot US Bidco Inc

By The Bridge Limited

By The Bridge Holdings Limited

By The Bridge Management Company Limited

By The Bridge North West Limited

Cambian Ansel Socialcare Limited

Cambian Asperger Syndrome Services Limited

Cambian Autism Services Limited

Cambian Care (Powys) Limited

Cambian Childcare Limited

Cambian Childcare Properties Limited

Cambian Education Services Limited

Cambian FS Limited

Cambian Group Limited

Cambian Group Holdings Limited

Cambian Group Holdings II Limited

Cambian Heritage I Limited

Cambian Heritage II Limited

Cambian Properties (U.K.) Limited

Cambian Signpost Limited

Cambian Signpost Care Services Limited

Cambian Whinfell School Limited

Clifford House Limited

Continuum Care and Education Group Limited

Elite Children's Care Limited

Farrow House Limited

Green Corns Ltd.

Greenwhitestar Acquisitions Limited

Herts Care (Escort and Supervision Services) Ltd.

Herts Care Group Ltd.

Herts Care Limited

Herts Care Property Ltd.

Independent Childcare Group of Schools Limited

Inhoco 2993 Limited

Interact Care Limited

Logistics Development Group plc

Puro Ventures Limited

Saccs Limited

Saccs Care Limited

 

Mr Kang holds no shares in the Company.

 

 

 

There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule 2 (g) of the AIM Rules for Companies.

For further information please contact:

Idox plc                                                             +44 (0) 870 333 7101

Chris Stone, Non-Executive Chairman
David Meaden, Chief Executive
Rob Grubb, Chief Financial Officer

Peel Hunt LLP (NOMAD and Broker)  +44 (0) 20 7418 8900

Edward Knight
Paul Gillam

James Smith
 

MHP Communications    + 44 (0) 203 128 8793

Reg Hoare                                                         idox@mhpc.com
James Bavister

 

About Idox plc

For more information see  www.idoxplc.com  @Idoxgroup 

 

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