Universe Group PLC Board Changes (6471K)
July 11 2017 - 2:00AM
UK Regulatory
TIDMUNG
RNS Number : 6471K
Universe Group PLC
11 July 2017
11 July 2017
AIM: UNG
Universe Group plc
("Universe" or the "Group")
Board Changes
Universe Group plc (UNG.L), a leading developer and supplier of
point of sale, payment and on-line loyalty systems, is pleased to
announce with immediate effect the appointment of Daryl Paton as
Chief Financial Officer of the Group. Bob Smeeton has resigned from
his position as Group Finance Director, a position he held for nine
years, during which he was instrumental in steering the company
through its turnaround and subsequent development.
Mr. Paton joins Universe from Access Intelligence plc ("Access")
where he has been Chief Financial Officer since February 2016.
Prior to Access he was at CMO Global Limited and has held the
position of CFO with a number of fast growing software and SaaS
businesses in the Governance, Risk and Compliance, Media and
Telecom sectors. These included public and privately held
companies. In addition to his roles as Chief Financial Officer, he
has held a range of operational positions and has a wealth of
experience in M&A and other corporate finance activities.
Robert Goddard, Chairman of Universe said: "It is important to
thank Bob for his valuable contributions to the Group and, on
behalf of the entire Board, I wish him well with his future
endeavours.
"We are very pleased to be able to appoint Daryl as Bob's
replacement, the wealth of experience he has in both the public
markets and M&A place him as the ideal candidate to help drive
further value for shareholders."
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE
PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014
For further information:
Universe Group PLC Tel: 02380 689 510
Robert Goddard, Chairman
Jeremy Lewis, Chief Executive
finnCap Stuart Andrews / Henrik Persson (Corporate Tel: 020 7220 0500
Finance)
Richard Chambers (Corporate Broking)
IFC Advisory Tel: 020 7652 9789
Tim Metcalfe
Heather Armstrong
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 over 5 billion transactions every year. For further
information, please see www.universeplc.com.
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies:
Mr. Daryl Marc Paton, age 53
Current Directorships / Partnerships:
None
Previous Directorships / Partnerships (held in the past five
years):
CMO TOPCO LIMITED
CMO BIDCO LIMITED
CMO SOFTWARE LIMITED
CMO GLOBAL LIMITED
CMO HANDHELD SOFTWARE PTY LIMITED
CMO COMPLIANCE LLC
AIRCOM INTERNATIONAL LIMITED
Mr Paton was finance director of CMO Bidco Limited, CMO Software
Ltd and CMO Global Limited before resigning from all three
appointments on 28 November 2015. Mr Paton had no subsequent
involvement with these companies. On 21 June 2016, following the
sale of the business and assets of these companies, an
administrator was appointed to the companies on a voluntary
basis.
There are no other disclosures required in relation to Rule 17
or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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