finnCap Group PLC New Director Appointment (9779C)
February 14 2020 - 2:00AM
UK Regulatory
TIDMFCAP
RNS Number : 9779C
finnCap Group PLC
14 February 2020
14 January 2020
finnCap Group plc
("finnCap" or the "Company")
New Director Appointment
The Board of finnCap is pleased to announce the appointment of
Richard Charles Snow as its Chief Financial Officer (CFO), subject
to FCA approval. It is anticipated that Richard will join the Board
in May 2020.
Tom Hayward, finnCap's current CFO, will continue to serve on
the Board as both Group COO and Managing Partner of Cavendish,
roles he assumed following the departure of the Group's former
Chief Commercial Officer last year.
Richard is currently the Finance Director and Compliance Officer
for Finance and Administration of the UK law firm Greenberg
Traurig, LLP. He qualified as a Chartered Accountant with Arthur
Andersen in 1991 and moved to the investment banking industry
gaining 15 years' experience in corporate advisory at Charterhouse,
Merrill Lynch, Goldman Sachs and Nomura. From 2006 to 2011 Richard
was director of M&A and then Investor Relations at Vodafone
Group plc. From early 2014, he was Director of Investor Relations
of Ladbrokes plc and then, from December 2015, he served on its
Executive Committee as acting Chief Financial Officer leading the
finance team through the merger with Coral.
Commenting on the appointment, Sam Smith, CEO, said:
"The change of role for Tom and the appointment of Richard
significantly expand the capacity of the management team at a key
point for the Group. Tom has been an integral part of finnCap's
growth and was instrumental in the Group's acquisition of Cavendish
and subsequent IPO. We are very pleased that he will continue to
contribute as both Managing Partner of Cavendish and the Group's
COO with a specific focus on the Group's operating
infrastructure.
Richard brings substantial experience in finance, investor
relations and M&A. We are delighted that he has chosen to join
us and look forward to welcoming him to the team. Richard's
previous roles will be invaluable as we continue finnCap's growth
as a full-service financial group. "
It has been agreed that Richard will be issued with options over
250,000 finnCap shares, granted at market price and conditional on
certain performance targets, pursuant to the Group's share option
scheme. Richard has no other interest in shares in the Company.
For information, please contact:
finnCap Group plc Tel: +44 (0) 20 7220 0500
Sam Smith, Chief Executive Officer
investor.relations@finncap.com
Tom Hayward, Chief Financial Officer
finnCap Ltd (Broker) Tel: +44 (0) 20 7220 0500
Rhys Williams
Grant Thornton (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Philip Secrett/Samantha Harrison/Seamus Fricker
Other Regulatory Disclosures
Richard Charles Snow, aged 52, is also currently a director of
Rylett Interim Partners Limited and in the last 5 years has held
directorship positions at Minerva Acquisition Red 1 Limited and
Minerva Acquisition Red 2 Limited. There are no further disclosures
to be made in relation to Richard Snow pursuant to Schedule 2(g) of
the AIM Rules for Companies.
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END
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