Appointment of Chairman Designate
Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.
17 June 2022
Bidstack Group Plc
("Bidstack" or the "Company")
Appointment of Chairman Designate
Bidstack Group Plc (AIM: BIDS.L), the in-game brand activation platform, is pleased to announce the appointment of David Reeves to its Board as Chairman Designate. To ensure an orderly handover he will succeed Donald Stewart as Chairman on the 1st September 2022. In the meantime David will sit on the board as a Non-Executive Director. On David's becoming Chairman Donald will move to a Non-Executive Director role and will serve on the Audit and Remuneration Committees.
David has over 30 years' global experience in senior management roles within multinational companies across the video games industry. He launched Sony PlayStation in Germany, Switzerland & Austria in 1995 and in 1999, he was appointed Executive Vice President of Sony Computer Entertainment (Europe) and President and CEO EMEA in 2003. In 2010, David was appointed as COO of Capcom (Europe). David has his own consulting Company DRC Consulting Ltd, is Co-Founder of E Fundamentals, a SaaS company providing e-commerce analytics services and is Chairman of Comcarde Ltd, an Edinburgh based fintech company.
David served as Senior Non-Executive Director and Chairman of the Remuneration Committee for AIM-listed Keywords Studios. Keywords Studios is an international technical services provider to the global video games industry, established in 1998. It provides integrated art creation, marketing services, game development, testing, localization audio and player support services across more than 50 languages and 16 games platforms to a blue-chip client base of over 950 clients across the globe. Following the completion of nine years' service as a Non-Executive Director he retired from this position on the 20th May 2022.
David Reeves, Chairman Designate, said:
"It is an honour to be joining Bidstack as Chairman and be given the opportunity to take the Company to the next revenue and profit level in the coming years. I hope I can build on the great foundation that Donald Stewart, as Chairman has built and work with James Draper, CEO, and his Executive team to grow the business globally.
"The video games and entertainment industry is expanding continuously and Bidstack is well placed with an active pipeline, state of the art technology and numerous planned partnership initiatives to grow rapidly and profitably.
"I hope my experience at senior levels at Sony PlayStation, Capcom and more recently, Keywords Studios will help me guide the Company to a leadership position in the industry."
Donald Stewart, outgoing Chairman, said:
"I am pleased to be handing over the Chair of Bidstack to David Reeves who has the skills necessary to grow the business commercially and is particularly well connected in the video games industry.
"Chairing Bidstack and working closely with the executive team since its admission to AIM in September 2018 has been an enormous pleasure and I am extremely proud of what Bidstack has achieved over that period. I will continue to contribute my skills, which lie in capital markets and financial regulation to support the management team."
Further information on David Alan Reeves is set out below:
Dr David Alan Reeves (aged 75) holds or has held the following directorships in the past five years:
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Current Directorships |
Previous Directorships |
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Autism UK Limited Comcarde Limited David Reeves Consulting Limited E Fundamentals (Group) Limited E Fundamentals (International) Limited E-Fundamentals Ltd Midgarth Residents Company Limited Nas Services Limited National Autistic Society (The)
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Keywords Studios PLC Sense, The National Deafblind And Rubella Association St. John Ambulance |
There is no further information on David Alan Reeves required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies
-ENDS-
Contacts
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Bidstack Group Plc James Draper, CEO |
via Buchanan |
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SPARK Advisory Partners Limited (Nomad) Mark Brady / Neil Baldwin / James Keeshan |
+44 (0) 203 368 3550 |
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Stifel Nicolaus Europe Limited (Broker) Fred Walsh / Tom Marsh
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+44 (0) 20 7710 7600
|
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Buchanan Communications Limited Chris Lane / Stephanie Whitmore / Kim van Beeck |
+44 (0) 20 7466 5000 |
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