TIDMINHC

RNS Number : 2504J

Induction Healthcare Group PLC

16 August 2019

16 August 2019

Induction Healthcare Group PLC

("Induction", the "Company" or the "Group")

Directorate Change

Induction Healthcare Group PLC, a leading healthcare technology company helping to streamline the delivery of care, today announces that by mutual agreement Seb Jantet will step down as the Company's Chief Financial Officer and from the Board with immediate effect.

The Company also announces today that Shelley Fraser, previously Finance Director and Company Secretary at hVIVO plc, has been appointed as Interim CFO following an orderly handover between Seb and Shelley. Shelley has 18 years of senior finance experience across several pharmaceutical, biotech, and life science companies.

Ibs Mahmood, CEO of Induction, said:

"We are immensely thankful to Seb for all his hard work at Induction. He has helped us make the Induction Switch app one of the most popular in use by healthcare professionals in the UK. His insight, expertise and commitment has helped guide the Board through a successful IPO process and has provided us with a strong foundation on which we can thrive as a public company. We wish him all the best in the future. Looking forward, on behalf of the Board, I would like to welcome Shelley to the Company as Interim CFO."

Seb Jantet, former CFO of Induction, said:

"Induction is a very exciting company which provides healthcare professionals with quick access to the essential hospital information and tools to work efficiently in a hospital environment. I have thoroughly enjoyed my time at Induction and look forward to seeing the Company maximise its potential in the coming months and years."

-Ends-

ENQUIRIES

 
 Induction Healthcare Group PLC                     via FTI Consulting 
  Ibs Mahmood, Chief Executive Officer 
 Numis Securities (Nominated Adviser and 
  Broker) 
  James Black / Freddie Barnfield / Huw Jeremy 
  / Matthew Jones                                 +44 (0) 207 260 1000 
 FTI Consulting 
  Brett Pollard / Jamie Ricketts / Elena 
  Kalinskaya / Sam Purewal                        +44 (0) 203 727 1000 
 

About Induction

Induction Healthcare Group PLC is a leading healthcare technology company focused on helping healthcare professionals to streamline the delivery of care. The Group's technology enables healthcare professionals to save time and deliver care more effectively and to identify ways to allocate resources more efficiently.

The Group is initially targeting improving the way healthcare professionals communicate with each other through its Induction Switch app that provides a telephone directory (allowing healthcare professionals to easily find extension telephone numbers), messaging and an administration portal (to share and view hospital guidelines), all in a secure and regulatory compliant setting.

As at 25 July 2019, the Induction Switch app had over 94,020 registered users, primarily in the UK. The registered user base grew by 18% from 31 March 2019 to 25 July 2019.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

August 16, 2019 02:00 ET (06:00 GMT)

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