TIDMAMO
RNS Number : 7980T
Amino Technologies PLC
25 March 2019
25 March 2019
Amino Technologies plc
("Amino" or "the Company" or "the Group")
Board changes
Amino Technologies plc (LSE AIM: AMO), the global provider of
media and entertainment technology solutions to network operators,
announces a change of Chairman and the appointment of two
additional Non-Executive Directors.
Following 12 years serving on the Board, Keith Todd will retire
as Non-Executive Chairman effective immediately following the
conclusion of the Company's AGM on 27 March 2019. Keith will be
succeeded as Non-Executive Chairman by Karen Bach, who has served
as a Non-Executive Director of the Company since February 2016.
Karen Bach brings significant software management expertise and
experience in building growth businesses. Karen has held C-suite
roles at listed businesses including Advanced Computer Software
plc, IXEurope plc and Kewill plc. Karen is currently COO of KRM22
Plc and a Non-Executive Director of Escape Hunt plc. Karen will be
stepping down from her role as Independent Non-Executive Chairman
of IXCellerate on 31 March after nearly seven years in the
role.
Steve Vaughan has been appointed to the Board as a Non-Executive
Director and Chair of the Remuneration Committee. Steve also joins
the Nomination Committee. Steve has a significant amount of
experience in leading listed technology companies having previously
held Chief Executive positions at Phoenix IT plc, Communisis plc
and Synstar plc. Steve is a Non-Executive Director at Redcentric
plc.
Erika Schraner has been appointed to the Board as a
Non-Executive Director and joins the Audit Committee and Nomination
Committee. Erika brings to the Board a wealth of experience in
strategy and business integration having previously been a Partner
at PwC, leading the TMT sector team for M&A Advisory. Erika has
also held leadership roles at EY and Symantec.
Keith Todd, Non-Executive Chairman of Amino Technologies,
said:
"I am proud of Amino's substantial role in pioneering IPTV and
in the continued innovation of IP/cloud TV everywhere during my 12
years as Non-Executive Chairman.
I am delighted that Karen Bach will assume the role of Chair, as
she brings invaluable expertise in building significant listed
software businesses.
Karen's experience will be invaluable to Amino as it executes
its clear strategy to accelerate growth in recurring software and
services revenues and value-add hardware."
Karen Bach, Chair-elect and Non-Executive Director, Amino
Technologies, Commented:
"On behalf of the Board and everyone at Amino Technologies, I
would like to thank Keith for his considerable contribution to the
Group over twelve years as Chairman.
Keith has led the business with great vision and commitment,
supporting the executive team as they have led the forefront of the
transition of TV to the all IP/cloud future. We all wish him every
success for the future."
Additional information
The following information is being disclosed pursuant to Rule 17
and paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Stephen William Vaughan, aged 58, has been a director or partner
of the following companies or partnerships during the five years
preceding the date of this announcement:
Current directorships: Past directorships (last five
years):
Redcentric plc ECSC plc
Progressive Equity Research Netnames Group Ltd
Limited
Blackford Media LLP Phoenix IT Group plc
The Invicta Film Partnership Merchant Place No 47 LLP
No. 4, LLP
The Invicta Film Partnership The Invicta Film Partnership,
No. 6, LLP LLP
The Invicta Film Partnership ECSC Group Plc
No. 14, LLP
Merchant Place Waste to Energy Mobica Bidco Limited
No 1 LLP
Halladale Nelson LLP Daisy Computer Group Limited
Jones Lang LaSalle No 1 Daisy It Computer Group (Scotland)
Limited
RCG Acton Gate Daisy It Group Limited
Daisy It Managed Services Limited
Daisy It Services Limited
Daisy It Continuity Consulting
Limited
Daisy It Continuity and Resilience
Services Limited
Mobica Group Ltd
Erika Schraner, aged 51, has been a director or partner of the
following companies or partnerships during the five years preceding
the date of this announcement:
Current directorships: Past directorships (last five
years):
- PricewaterhouseCoopers LLP
Save as set out above there are no further disclosures required
pursuant to Rule 17 or Schedule Two, paragraph (g) of the AIM Rules
for Companies.
For further information please contact:
+44 (0)1954
Amino Technologies PLC 234100
Donald McGarva, Chief Executive Officer
Mark Carlisle, Chief Financial Officer
+44 (0)20 7220
finnCap Ltd (NOMAD and Broker) 0500
Matt Goode / Carl Holmes / Simon Hicks (Corporate
Finance)
Tim Redfern / Richard Chambers (ECM)
+44 (0)20 3727
FTI Consulting LLP (Financial PR) 1000
Jamie Ricketts / Alex Le May / Chris Birt
About Amino Technologies plc
Amino is a global leader in media and entertainment technology
solutions and an IPTV pioneer, working with over 250 operators in
100-plus countries. Drawing on more than 20 years' experience
delivering IP/cloud innovation, Amino enables operators to meet the
challenges they face as broadcast TV and online video moves to an
all-IP future with managed over-the-top (OTT) offerings. We are
expert in software, hardware and cloud implementation - able to
deploy our own leading-edge technologies and integrate these with
third-party and 'upcycled' legacy systems. At the forefront of the
evolution of TV Everywhere, Amino helps operators to provide the
features and functionality modern consumers are looking for in a
multiscreen, multi-device entertainment world.
Having deployed over 10 million customer premise devices and the
software necessary to link the back end to the user interface, we
understand the issues operators face. We partner with operators to
deliver end-to-end, operator-ready solutions that enable
next-generation customer experiences. We 'upcycle' existing
infrastructure to support more advanced services and integrate
seamlessly with new technologies to form a unified ecosystem. The
result is a fresh consumer offering based on a consistent user
experience across all screens, building brand reputation, stemming
churn, growing subscribers and increasing average revenue per user
(ARPU).
Amino Technologies PLC is listed on the London Stock Exchange
AIM (symbol AMO), with headquarters in Cambridge, United Kingdom,
and global offices in California, Finland and Hong Kong. For more
details, visit www.aminocom.com
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS, the news service of the
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END
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