TIDMIMTK
RNS Number : 4249P
Imaginatik PLC
03 October 2011
3 October 2011
Imaginatik Plc
("Imaginatik" or the "Company")
Board Appointments
Imaginatik plc (AIM: IMTK.L), a leading provider of innovation
management software and consultancy, is pleased to announce the
appointment to the Company's Board with immediate effect of Mr.
Brian Hays, Mr. Simon Charles and Mr. David Gammon in each case as
a Non-Executive Director. At the same time, Imaginatik announces
the resignation of Mr. Paul Morland from the Board as a
Non-Executive Director.
Brian Hays, Non-Executive Director
Brian Joseph Hays, aged 62, has a strong track record in the
innovation market as well as considerable experience in
reorganising businesses to achieve accelerated growth. Previous
industry experience includes positions as Chief Executive Officer,
President and Chairman of SiteScape, Inc., the first web-based
collaboration software company between 2004 and 2008. During his
time at SiteScape, Inc., Mr. Hays was responsible for putting in
place new management, marketing direction, positioning and venture
funding to help grow the company to over 200 enterprise and
government customers and nearly 1 million users, through to its
sale to Novell in 2008.
Prior to working at SiteScape, Inc., Mr. Hays was Senior Vice
President at Science Applications International Corporation (SAIC),
a provider of technical services and solutions, where, among other
roles, he was responsible for transforming the Collaboration
Solutions/HUBS Division into a developer of advanced collaboration
portals for business and government systems. More recently, Mr.
Hays has been Chairman and CEO of Vari-RO, Inc., a desalination
technology company which required significant reorganisation and
was successfully sold to General Electric in Spring 2011, and
Founder and Chairman of Bel Soley, Inc., a Haitian export business
where he has been responsible for product development,
infrastructure, export and distribution.
Simon Charles, Non-Executive Director
Simon Charles, aged 41, is a senior equity partner at the London
firm of solicitors Marriott Harrison, having joined the firm in
March 2004. He is a qualified solicitor in England and Wales and
has substantial experience advising private and public companies in
both a corporate and legal capacity. Mr. Charles has worked closely
with the Company in an advisory capacity for a number of years,
serving as the Company's solicitor since 2006. Prior to joining
Marriott Harrison, Mr. Charles worked in the corporate finance
department at Numis Securities Limited from January 2001 to
December 2003, where he advised both AIM quoted and Main Market
companies, and earlier in his career, he worked as a senior
solicitor in the corporate department at Titmuss Sainer Dechert
(now Dechert LLP).
Mr. Charles is a trustee of and honorary legal adviser to the
Surrey charity Caterham Barracks Community Trust Limited and until
recently acted as a trustee of Ty'r Morwydd Environmental Study
Centre, an environmental educational charity in Abergavenny, South
Wales.
David Gammon, Non-Executive Director
David Ranken Gammon, aged 50, has widespread experience in
developing and building technology based businesses. In 1988, Mr.
Gammon founded Rockspring, an advisory and investment firm which
focuses on early stage technology companies, where Mr. Gammon
continues as CEO today. Other current positions include advisor to
Hawkwood Partners LLP where Mr. Gammon gives counsel to a portfolio
of technology and renewable related stocks, as well as
non-executive directorships at a number of growth technology
companies, including DeepMind Technologies Limited, LoQ plc and
BGlobal plc.
Previous experience includes Director at real-time location
technology specialist, Ubisense Trading Limited, from 2005 to 2008
where Mr. Gammon was involved in putting in place the strategy and
funding to enable the growth of the business; Director and acting
CFO at Envisional Solutions Limited from 2003 until the company's
sale to Group NBT plc in 2007; and Director at internet TV
specialist Amino Technologies plc from 2006 to 2007. Earlier in his
career, Mr. Gammon worked as an investment banker.
Matt Cooper, Executive Chairman of Imaginatik, commented:
"Following the recent open offer and an associated placing, we have
undertaken a review of the Board composition and we are delighted
to welcome Brian, Simon and David to the Board, all of whom bring
to Imaginatik a unique set of skills and experience. Brian's years
of industry expertise and experience with growth businesses,
Simon's comprehensive understanding of the public company
environment and corporate governance and David's technology focus
will be invaluable assets as we lead Imaginatik through to its next
stage of growth. We would also like to thank Paul for his valued
contribution to the Company and we wish him well in his future
endeavours."
Additional information
Mr. Hays is interested in 6,000,000 ordinary shares in
Imaginatik, representing 1.40% of the Company's issued share
capital. His current directorships and past directorships within
the last five years are as follows:
Current directorships Past directorships
Vari-Ro, Inc. SiteScape, Inc.
Bel Soley, Inc.
Community Coalition for Haiti
Mr. Hays has confirmed that there is no further information to
be disclosed pursuant to Schedule Two, paragraph (g) of the AIM
Rules for Companies.
Mr. Charles is interested in 8,702,501 ordinary shares in
Imaginatik, representing 2.04% of the Company's issued share
capital. His current directorships and past directorships within
the last five years are as follows:
Current directorships and partnerships Past directorships
Caterham Barracks Community Magwitch Media Partners Limited
Trust Limited
Marriott Harrison SRC Capital Limited
MH Directors Limited MH Directors (2) Limited
MH Secretaries Limited Ty'r Morwydd Environmental Study
Centre
MH Nominees Limited Visa Bureau Limited
The Invicta Film Partnership
No. 22, LLP
Mr. Charles has confirmed that there is no further information
to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM
Rules for Companies.
Mr. Gammon is interested in 5,000,000 ordinary shares in
Imaginatik, representing 1.17% of the Company's issued share
capital. His current directorships and past directorships within
the last five years are as follows:
Current directorships and partnerships Past directorships
DeepMind Technologies Limited Clean Diesel Technology Inc
Lo-Q PLC Ubisense Trading Limited
Cambridge Angels Envisional Solutions Limited
BGlobal PLC Amino Technologies PLC
Rockspring The Library House Limited
Rockspring Nominees Limited Ten Sails LLP
Rockspring Advisory Services
Limited
Mr. Gammon has confirmed that there is no further information to
be disclosed pursuant to Schedule Two, paragraph (g) of the AIM
Rules for Companies.
For further information please contact:
Imaginatik plc Tel: 020 7917 2975
Matt Cooper, Executive Chairman /
Shawn Taylor, CFO
Arbuthnot Securities Limited Tel: 020 7012 2000
Tom Griffiths / Richard Johnson
Threadneedle Communications Tel: 020 7653 9850
Caroline Evans-Jones / Hilary Millar
About Imaginatik
Imaginatik provides Innovation and Idea management solutions
comprised of consultancy, enterprise software and program
management to deliver innovation results to companies such as The
World Bank, NYSE, The Chubb Group of Insurance Companies, Boeing,
Pfizer, Goodyear, Paccar, Kellogg and Cargill. Few companies
possess the internal capability to consistently generate fresh
ideas, identify those worth pursuing and reliably transform them
into real, value-enhancing assets. This is Imaginatik's area of
expertise.
Imaginatik is a public company whose shares are traded on the
AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World
Economic Forum Technology Pioneer with offices in Boston, MA, and
Winchester, UK. For more information visit www.imaginatik.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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