Universe Group PLC Board Appointment (4229Y)
September 08 2015 - 8:34AM
UK Regulatory
TIDMUNG
RNS Number : 4229Y
Universe Group PLC
08 September 2015
8 September 2015
AIM: UNG
Universe Group plc
("Universe" or "the Group")
Board Appointment
Universe (AIM: UNG.L), a leading developer and supplier of point
of sale, payment and on-line loyalty systems, is pleased to
announce the promotion of Baljit ("Billy") Tank to the Board as an
Executive Director, responsible for Group Sales and Marketing, with
immediate effect.
Mr Tank, aged 47, joined the Group in June 2013 with the
acquisition of Indigo Retail Holdings Limited ("Indigo"), which he
founded and led for eight years. He has extensive senior level
experience of the technology sector, in particular the retail
software sector, both in product and business development. After
joining Universe, he was responsible for the smooth integration of
Indigo within the Group's major operating subsidiary, HTEC Limited
and has been responsible for sales and marketing activities.
Robert Goddard, Chairman of Universe, said:
"I am delighted to welcome Billy to the Board of Universe. He
provides further invaluable insight to our chosen markets and is an
excellent addition to the top team as we continue to develop the
business."
Jeremy Lewis, Chief Executive Officer of Universe,
commented:
"Since joining the Group in 2013, Billy has become an important
member of the team, leading the successful integration of Indigo, a
business that he founded and led. He has also played a major part
in the ongoing development of HTEC. I am very pleased that he is
now joining the Board."
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies:
Mr Baljit ("Billy") Kumar Tank, age 47 years, has been a
director of the following in the last 5 years:
Indigo Retail Technology Limited
Indigo Retail Holdings Limited
Indigo Design Build & Management Limited
Indigo Dbam Limited
TQIPS Limited
TQIPS Limited was placed into Administration on 15 July 2011
with an estimated deficiency as regards creditors of GBP4.7
million.
Mr Tank currently owns 14,001,404 ordinary shares in Universe
representing 6 per cent. of the total voting rights of Universe.
There are no other disclosures required in relation to Rule 17 or
paragraph (g) of Schedule 2 of the AIM Rules for Companies.
For further information:
Universe Group plc T: +44 2380 689
Jeremy Lewis, CEO 510
finnCap T: +44 20 7220
Stuart Andrews (corporate 0500
finance)
Tony Quirke (corporate broking)
KTZ Communications T: +44 20 3178
Katie Tzouliadis 6378
About Universe Group plc
Universe provides some of the world's leading retailers with
point of sale, payment and loyalty solutions. The Group's solutions
are based on its own proprietary software and are offered out of
the Cloud on a software as a service model with its data centres
processing in excess of 3 billion transactions every year. For
further information, please see www.universeplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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