20 December 2024
Judges Scientific
plc
("Judges Scientific" or the
"Company")
Board
Change
Judges Scientific, the group focused
on acquiring and developing companies in the scientific instrument
sector, announces the following changes to
the Board.
Hon. Alexander Hambro, current
Chairman of the Group, has decided to retire as Chair at the end of
2024. He will remain as a Non-Executive Director until he steps
down from the Board at the conclusion of the Group's next Annual
General Meeting which will take place in May 2025.
Ralph Elman, current Non-Executive
Director, will assume the role of
Non-Executive Chair of the Group on 1 January 2025.
David Cicurel, Chief Executive Officer,
commented: "Alex was one of our four
founding directors when the Company originally listed on the London
Stock Exchange in 2003. Since then, his wisdom, understanding of
the City and faith in our culture and business model have been
essential in us significantly scaling the Group from a £2m initial
investment to a market capitalisation of £580m and multiplying
shareholder value by 100 times. Alex, on behalf of all the Board,
we are extremely grateful for your substantial
contribution."
For further information please
contact:
|
Judges Scientific plc
David Cicurel, CEO
Brad Ormsby, CFO
Tel: +44 (0) 20 3829
6970
|
Shore Capital (Nominated Adviser & Joint
Broker)
Stephane Auton
Harry Davies-Ball
Tel: +44 (0) 20 7408 4090
|
|
|
Panmure Liberum (Joint Broker)
Edward Mansfield
Nikhil Varghese
Tel : +44 (0) 20 3100
2222
|
Investec Bank plc (Joint Broker)
Virginia Bull
Carlton Nelson
Tel: +44 (0) 20 7597 4000
|
|
|
Alma
(Financial Public Relations)
Sam Modlin
Joe Pederzolli
Rebecca Sanders-Hewett
Sarah Peters
Tel: +44 (0) 20 3405 0205
judges@almastrategic.com
|
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Notes to editors:
Judges Scientific plc (AIM:
JDG), is a group focused on acquiring and developing companies in
the scientific instrument sector. The Group consists of 25
businesses acquired since 2005.
The acquired companies are
primarily UK-based with products sold worldwide to a diverse
range of markets including: higher education institutions,
scientific research facilities, manufacturers and regulatory
authorities. The UK is a recognised centre of
excellence for scientific instruments. The Group has received
five Queen's Awards for innovation and export.
The Group's companies predominantly
operate in global niche markets, with long term growth fundamentals
and resilient margins.
Judges Scientific maintains a
policy of selectively acquiring businesses that generate
sustainable profits and cash. Shareholder returns are created
through the reduction of debt, organic growth and
dividends.
For further information, please
visit www.judges.uk.com