Immotion Group PLC Directorate and Senior Management Changes (2795W)
December 10 2019 - 2:01AM
UK Regulatory
TIDMIMMO
RNS Number : 2795W
Immotion Group PLC
10 December 2019
Immotion Group plc
("Immotion Group", "Immotion" or the "Company")
Directorate and Senior Management Changes
Immotion welcomes former Sony MD to Immotion Studios
Immotion Group, the UK-based immersive virtual reality ("VR")
'Out of Home' entertainment group, is pleased to announce the
appointment of Ian Hetherington to the position of Chairman of
Immotion Studios, the VR experience creation arm of Immotion Group,
where he replaces Ian Liddell, Immotion Group's Creative Director,
who has also notified the Company of his intention to step down
from the Board, in order to pursue other opportunities.
Ian Hetherington will help oversee the ongoing commercial work
with iP2 involving the creation of a number of immersive
experiences for National Geographic, as well as the creation of a
catalogue of new experiences for Immotion, focused on our Partner
markets.
Ian Hetherington brings with him a wealth of experience. He was
former Managing Director of Sony Computer Entertainment Europe,
where he was fundamental to the design and implementation of the
Sony PlayStation, overseeing the launch of the product in Europe
which made up over 80% of the market share at launch. Ian has
published a number of leading PS games including Wipeout, and
Lemmings. He was also one of the mentors and backers of David
Jones, the creator of Grand Theft Auto.
Ian has been consulting for the group for several months,
shaping the delivery of our future content creation and related
resources. At his request, Ian has taken part of his consultancy
fee in Immotion shares, GBP10,000 of which was satisfied by the
issue of 147,059 shares, at 6.8 pence per share, on 31 October
2019. A further GBP40,000 will be satisfied by the issue of 555,794
Ordinary Shares, at 7.2 pence per share, which are expected to be
admitted to AIM on 16(th) December 2019. Following Admission of
these shares, the Company will have 286,165,544 Ordinary Shares in
issue and admitted to trading on AIM.
Ian Liddell, Group Creative Director at Immotion has notified
the Board of his intention to step down from the Board with
immediate effect after being with the Company since its IPO in
mid-2018. Mr Liddell is stepping down to focus on his first
passion, the creation of commercial and children's TV animation. Mr
Liddell has been instrumental in launching Immotion and the Board
would like to thank him for his relentless hard work and wish him
well with his new venture.
Martin Higginson, Group CEO said: "I would like to thank Ian
Liddell for all his hard work over the years. He has been a highly
valued member of the Board and we wish him well in his new venture.
We would also like to welcome Ian Hetherington to the team. Ian
will I am sure add his own dynamism and commercial expertise to the
creation of experiences. He is currently working on a number of
highly engaging experiences, giving our Partner Sales team the
perfect product for a number of our existing partners, as well
giving us the perfect range of experiences for Zoos, Science
Centres and Museums."
Enquiries:
For further information please visit www.immotion.co.uk, or
contact:
Immotion Group Martin Higginson Tel: +44 (0) 161
235 8505
WH Ireland Limited Adrian Hadden Tel + 44 (0) 207
(Nomad and Joint Darshan Patel 220 1666
Broker) Matthew Chan
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
LLP Erik Woolgar 9900
(Joint Broker)
Alvarium Capital Alex Davies Tel: +44 (0) 207
Partners 195 1433
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END
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