The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.
3 May 2022
Skillcast Group plc
("Skillcast" or the "Company")
Appointment of CFO and Notice of Results
Skillcast Group plc, a provider of e-learning and digital compliance transformation, is pleased to announce that Richard Steele will be joining the Company as Chief Financial Officer with effect from 11 May 2022, following the publication of the Company's final results for the year ended 31 December 2021, which are expected to be released on 10 May 2022.
Richard Steele has over 30 years' experience in commercial and operational finance roles in the professional services, food and retail sectors, including 15 years in board level roles. Most recently, Richard was Chief Financial Officer of Mind Gym plc (AIM: MIND), the global provider of human capital and business improvement solutions, from its AIM admission in 2018 until the end of 2021. From 2012 until January 2018, Richard served as Finance Director of Cook Trading Limited, the frozen ready meal retailer. Prior to this, he was Finance Director at the retailer White Stuff Limited from 2007 to 2012. Richard has also held a variety of finance roles within Principles Retail Limited and Easy Group and started his career at Tate & Lyle plc where he qualified as an accountant and worked for 10 years from 1989.
Richard, who will be full time, will be replacing the current part-time incumbent, Chris Backhouse, who will stand down from the Board, and as Chief Financial Officer, on 11 May 2022. Chris will continue to provide finance services to the Company for a period of time under Skillcast's contract with Enterprise FD Ltd to ensure a smooth transition of the role. The Board wishes to express its gratitude and appreciation to Chris for his role in guiding the Company's growth and development and wishes him all the best for the future.
Vivek Dodd, Chief Executive Officer of Skillcast, said: "We are grateful to Chris for providing leadership in our finance function for the past four years and guiding the Company through the IPO last year. We have greatly valued Chris' input and direction and wish him continued success at Enterprise FD.
"I'm also delighted to announce Richard's appointment as our new full time CFO. He brings a wealth of finance and operations experience in high growth digital companies alongside AIM market experience, which will be of great value for Skillcast's growth journey. I'm looking forward to him joining our Board to support the delivery of our strategy to help companies digitise their staff compliance."
As required under Schedule Two, paragraph (g) of the AIM Rules for Companies, further disclosures on Richard Steele are as follows:
Richard Edward Steele, aged 55, has held the following directorships and/or partnerships in the past five years:
Current directorships and/or partnerships:
· Belvedere Consultancy Limited
Past directorships and/or partnerships:
· Mind Gym Plc
· Mind Gym Inc (USA)
· Mind Gym Performance (Asia) Pte Ltd
· Cook Trading Limited
· Cook Puddings Limited
There is no further information on Richard Steele required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.
For further information, please contact:
Skillcast Group plc
Richard Amos, Chairman
Vivek Dodd, CEO
Chris Backhouse, CFO
+44 (0) 207 929 5000
Allenby Capital Limited (Nominated Adviser and Broker)
James Reeve / Piers Shimwell (Corporate Finance)
Tony Quirke / Jos Pinnington (Corporate Broking and Sales)
+44 (0) 203 328 5656