Allied Minds PLC Directorate Change (5059I)
March 22 2018 - 3:02AM
UK Regulatory
TIDMALM
RNS Number : 5059I
Allied Minds PLC
22 March 2018
FOR RELEASE ON 22 MARCH 2018
Allied Minds plc (the "Company" or the "Group")
Directorate Change
Allied Minds (LSE: ALM) today announces that Rick Davis, after
seven years of service to the Company, will not be standing for
re-election and will be resigning as a Non-Executive Director at
the Company's Annual General Meeting (AGM) to be held on 23 May
2018.
Mr. Davis first joined the Board of Directors in 2011, and at
various times has served as Chair of the Audit Committee and
Remuneration Committee, and most recently as the Senior Independent
Director and Chair of the Nomination Committee.
Peter Dolan, Chairman of Allied Minds, commented: "On behalf of
the Board and employees of Allied Minds, I wish to thank Rick for
his important leadership and contributions during his seven years
of service to the Company. We have greatly appreciated his
dedication, experience, wealth of knowledge and insights he brought
to Board deliberations. Rick's experience, network and vision made
him uniquely qualified to help set the strategy for the development
of the federal laboratory partner network, which resulted in the
formation of Federated Wireless, HawkEye 360 and BridgeSat."
Kevin Sharer will assume the role of Senior Independent Director
and replace Mr. Davis as a member of the Audit Committee, and Peter
Dolan will become Chair of the Nomination Committee. The Directors
are satisfied following these changes that the Board will continue
to operate effectively in accordance with the UK Corporate
Governance Code.
About Allied Minds
Allied Minds (LSE: ALM) is an IP commercialisation company
focused on early stage company creation and development within the
technology and life science sectors. With origination relationships
spanning US federal laboratories, universities, and leading US
corporations, Allied Minds sources, operates and funds a portfolio
of companies to generate long-term value for its investors and
stakeholders. Based in Boston, Allied Minds supports its businesses
with capital, management, expertise and shared services.
More information can be found at www.alliedminds.com.
For more information, please contact:
Allied Minds plc +1 617 419 1800
Joe Pignato, Chief Financial IR@alliedminds.com
Officer
Neil Pizey, Head of Corporate
Development
FTI Consulting
Ben Atwell / Brett Pollard +44 20 3727 1000
This information is provided by RNS
The company news service from the London Stock Exchange
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