Change to Board of Directors
Cube8.com PLC
22 August 2000
Cube8.com appoints Chief Executive Officer
Cube8.com, the AIM-quoted technology, media and telecoms incubation and
investment company which also provides consulting and technology services,
announces today that it has appointed Brian Hindson as its Chief Executive
Officer. Brian joins Cube8 from the British Red Cross where he held the
position of Deputy Chief Executive Officer.
Cube8 looked at a number of applicants from within the internet sector as well
as from other sectors. 'Brian has the combination of skills and experience
that we wanted,' said Tim Dean-Smith, the company's Chairman and CEO.
Brian Hindson comes with significant experience of running complex
organisations, and has particular strengths in strategic planning and project
appraisal, as well as in managing portfolios of wide ranging,
multi-disciplined business units with international reach.
Brian brings additional human resource skills that Cube8 considers a key
success factor in this fast moving sector, and he has an MBA from London
Business School.
'Brian has a comprehensive understanding of the new economy and the
opportunities it offers, and is an extremely commercial and driven manager.
He will be a key asset in the growth of our business,' Tim added.
The move has come at a time when investors are increasingly favouring the high
technology companies that have experienced, high-calibre management.
Combining Brian's experience, with the existing levels of drive and
innovation, will be an important differentiator for the long-term success of
Cube8.
As of the 1 September 2000, Brian Hindson will be entitled to share options
over 4 million shares at a price of 17p per share. One million of these share
options will be exercisable after three months of employment, the remainder
will be exercisable in blocks of one million on the first, second and third
anniversaries of his employment date. If taken up in full, Brian Hindson's
share options will account for 1.12% of the Company's issued share capital.
In addition, a recommendation will be made to the remuneration committee that,
subject to continued satisfactory performance, options over 466,667 shares at
the market price at the date of grant be granted in each of the three years
from the first anniversary of joining.
Brian Hindson currently holds no other directorships. In the past five years,
Brian has been a director and Deputy Chief Executive of the British Red Cross,
a charity by Royal Charter.
Save as disclosed above, there is no further information required by Rule 16.8
(e) of the AIM Rules.
For further information, please look at the constantly updated investor
relations website at www.cube8.com or please contact:
Cube8.com plc Tel: 020 7243 2000
Tim Dean-Smith, Chairman & Chief Executive
E-mail: timds@cube8.com
Cube8.com plc Tel: 020 7243 2000
Brian Hindson, Chief Executive (as of 1 September 2000)
E-mail: brian@cube8.com
Issued by:
Bankside Consultants Limited Tel: 020 7220 7477
Henry Harrison-Topham / Julian Bosdet
E-mail: henry@bankside.co.uk / julian@bankside.co.uk
Note to editors:
Cube8 is a technology, media and telecoms investment and incubation company
that provides financial and intellectual capital to accelerate start-up and
early-stage internet businesses.
The Company's operations have 3 main areas of focus, these being:
(i) Investment
(ii) Consultancy and Agency Services
(iii) Networking and Fundraising
The company's shares started trading on the Alternative Investment Market
(AIM) of the London Stock Exchange on 28th February 2000.
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