3
July 2024
AFERIAN PLC
("Aferian" the "Company" or
the "Group")
Non-Executive Board
Changes
Aferian plc (LSE AIM: AFRN), the B2B
video streaming solutions company, announces the following changes
to the Non-Executive Directors on the Board.
Sebastian White, an Investment
Director of Kestrel Partners LLP ("Kestrel"), is appointed as
Non-Executive Director with immediate effect. He replaces Max
Royde, a managing partner at Kestrel, who has today stepped down as
Non-Executive Director.
Kestrel is an investment management
company specialising in business-critical software companies, which
has a beneficial holding in Aferian of 28,851,736 shares, or 25.94%
of the issued share capital of the Company.
Sebastian joined Kestrel in 2017, and
previously spent 14 years as Mergers and Acquisitions Director at
Alternative Networks plc, an AIM-quoted communications and hosting
provider to the mid-market. Sebastian is also a Non-Executive
Director at Ingenta PLC.
In addition, to streamline the number
of directors on the Board, Allen Broome will step down from his
role as Non-Executive Director once his one-year contract expires
on 31 August 2024.
Additional information
The following information is being
disclosed pursuant to Rule 17 and paragraph (g) of Schedule 2 of
the AIM Rules for Companies.
Sebastian Jake Golder White, aged
53, 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)
|
|
Kestrel Partners LLP
|
Tialis Essential IT PLC (previously
IDE Group Holdings PLC)
|
|
Ingenta PLC
|
|
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:
|
Aferian plc
|
+44 (0)1954 234100
|
|
Mark Wells, Chairman
Donald McGarva, Chief Executive
Officer
Mark Carlisle, Chief Financial
Officer
|
|
|
|
|
|
Investec plc
|
+44 (0)20 7597 5970
|
|
David Anderson / Patrick Robb / Nick
Prowting
|
|
|
|
|
About Aferian plc
Aferian plc (AIM: AFRN) is a B2B
video streaming solutions company. Our end-to-end solutions bring
live and on-demand video to every kind of screen. We create the
forward-thinking solutions that our customers need to drive
subscriber engagement, audience satisfaction, and revenue
growth.
It is our belief that successful
media companies and services will be those that are most
consumer-centric, data driven and flexible to change. We focus on
innovating technologies that enable our customers stay ahead of
evolving viewer demand by providing smarter, more cost-effective
ways of delivering end-to-end modern TV and video experiences to
consumers. By anticipating technological and behavioural audience
trends, our software solutions empower our customers to heighten
viewer enjoyment, drive growth in audience share and ultimately
their profitability.
Aferian plc has two operating
companies: 24i, which focusses on streaming video experiences, and
Amino, which connects Pay TV to streaming services. Our two
complementary companies combine their products and services to
create solutions which ensure that people can consume TV and video
how and when they want it. Our solutions deliver modern TV and
video experiences every day to millions of viewers globally, via
our growing global customer base of over 500 service
providers.
Aferian plc is traded on the London
Stock Exchange's AIM stock market (AIM: symbol AFRN). Headquartered
in Cambridge, UK, the Company has over 350 staff located in offices
in San Francisco, Amsterdam, Helsinki, Copenhagen, Madrid, Porto,
Brno, Buenos Aires, and Hong Kong. For more information, please
visit www.aferian.com.