Cientifica PLC Board Changes (7912Q)
September 04 2014 - 2:31AM
UK Regulatory
TIDMCTFA
RNS Number : 7912Q
Cientifica PLC
04 September 2014
Cientifica PLC
("Cientifica" or the "Company")
Resignation of Director and Appointment of Interim Chairman
Cientifica PLC, the AIM-quoted investment company focused on
investment in businesses making use of advanced materials, graphene
and emerging technologies, announces the departure from the Board
of Tim Baldwin. Tim is stepping down to focus his time on other
business interests. The Board take this opportunity to thank Tim
for his valuable contribution to development of the company's
business.
In parallel the Company is pleased to announce the appointment
of Tim Godwin MA ACA to the Board as Interim Chairman with
immediate effect.
Mr Godwin, is an experienced MD, FD and technology entrepreneur
and is an investor in and director of a number of businesses in the
software, internet, media and manufacturing sectors.
He previously founded and was CEO of Retail Business Solutions
Limited which was set up to develop and market software solutions
to the retail sector. Retail Business Solutions Limited secured
venture capital funding from 3iplc and was built into a successful
software and services group with total revenues on final exit
exceeding GBP12m per annum. The business is now owned by
Micros.
Tim has also founded and successfully exited businesses in the
out of home and digital out of home media sectors working with
venture capital and private equity investors.
Tim Godwin also acts as a self-employed consultant to Thames
Valley Capital, a major shareholder in Cientifica.
Tim Harper, CEO of Cientifica, commented:
"Tim Godwin is an experienced businessman, a qualified
accountant and a successful entrepreneur - skills that will allow
Cientifica to achieve its aim of becoming a significant player in
emerging technology markets.
"We have a number of investments under negotiation and Tim's
role will be to help us complete these and then to help drive the
businesses forward to maximise the commercial opportunities: things
which he has done very successfully over a number of years".
Save as disclosed below, there are no further disclosures to be
made under Schedule Two, paragraph (g) of the AIM Rules.
Timothy Charles William Godwin - Current Directorships /
Partnerships
SPENCER PARTNERS CORPORATE FINANCE LTD Corporate finance boutique
BARRATT ASSET MANAGEMENT UK LTD Manufacturing holding company
SWISHING LTD Internet Retail
BRANDPLAY GROUP LTD Digital out of home media
INTELLIGENZ SOLUTIONS LTD Software management solutions for
leisure
CONTRACTS ENGINEERING LTD Metal working factory
INSIGHT MEDIA UK LTD Out of home media
Past Directorships held within the last five years
MALL MEDIA EU LTD
BRANDPLAY UK LTD
AIRPOD DIGITAL LTD
EYE SHOP UK LTD
Mr Godwin does not own any ordinary shares in the Company
04(th) September 2014
For further information, please contact:
Cientifica PLC
Tim Harper, Chief Executive +44 (0) 207 518 4300
Allenby Capital (Nominated Adviser)
Nick Naylor/James Reeve +44 (0) 203 328 5656
Peterhouse Corporate Finance (Broker)
Lucy Williams / Heena Karani +44 (0) 207 469 0930
Lothbury Financial Services Limited
Michael Padley / Gary Middleton +44(0) 203 440 7620
This information is provided by RNS
The company news service from the London Stock Exchange
END
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