TIDMIDE

RNS Number : 2457T

IDE Group Holdings PLC

13 November 2019

IDE Group Holdings Plc

("IDE" or the "Company")

Board Change

IDE Group Holdings plc, the mid-market network, cloud and IT Managed Services provider, is pleased to announce the appointment of Sebastian White as a Non-Executive Director. Max Royde, current Non-Executive Director will be stepping down with immediate effect and Sebastian will take up Max's roles and responsibilities on the Board.

Sebastian has worked as Investment Director at Kestrel Partners LLP for two years. Kestrel are a London based fund management business whose clients are a significant shareholder of IDE Group. Prior to working at Kestrel, Sebastian was Mergers and Acquisitions Director at Alternative Networks for fourteen years.

As at the date of this announcement Kestrel Partners LLP holds 34,456,208 ordinary shares of 2.5 pence each in capital of the Company ("Ordinary Shares") representing approximately 8.6 per cent. of the issued share capital.

Andy Parker, Executive Chairman said "We thank Max for his contribution to the Company over the past year and look forward to working with Sebastian as a representative of one of our largest shareholders. Sebastian's experience in the sector will be of great benefit to the Company."

 
 IDE Group Holdings Plc                      Tel: +44 (0)344 
  Andy Parker, Executive Chairman             874 1000 
 finnCap Limited                             Tel: +44 (0)20 7220 
  Nominated Adviser and Broker                0500 
  Corporate finance: Jonny Franklin-Adams/ 
  Hannah Boros 
  ECM: Tim Redfern/ Richard Chambers

The following information is made in accordance with Schedule 2(g) of the AIM Rules for Companies:

 
 Full Name: Sebastian Jake Golder White (Seb) 
 Age: 49 
 Current Director positions 
 n/a 
 Previous Directorships in the last five years 
  n/a

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END

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(END) Dow Jones Newswires

November 13, 2019 04:00 ET (09:00 GMT)

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