Gresham Technologies PLC Board Appointment (3161Z)
11 Enero 2024 - 1:01AM
UK Regulatory
TIDMGHT
RNS Number : 3161Z
Gresham Technologies PLC
11 January 2024
RNS
11 January 2024
Gresham Technologies plc
Board Appointment
Gresham Technologies plc (LSE: "GHT", "Gresham", "Group",
"Company"), the leading software and services company that
specialises in providing solutions for data integrity and control,
banking integration, payments and cash management, is pleased to
announce that it has appointed Oliver Scott as non-executive
Director, effective immediately.
Oliver is a managing partner of Kestrel Partners LLP
("Kestrel"), which he co-founded in 2009. Prior to this, Oliver
spent 20 years advising smaller quoted and unquoted companies,
latterly as a director of KBC Peel Hunt Corporate Finance. He is
currently a non-executive director at K3 Business Technology PLC
and Redcentric Plc; holding directorships over the past five years
at Smoove PLC, Idox PLC, IQGeo Group PLC, and KBC Advanced
Technology PLC.
Kestrel invests in UK listed companies with a particular focus
on the enterprise software and services sector, and is Gresham's
largest shareholder, with a holding of 20,004,573 ordinary shares
in the Company as at 10 January 2024; representing 23.9% of the
Company's issued share capital. In addition to his interest in the
Company via Kestrel, Oliver has a personal beneficial interest in
5,555 ordinary shares in the Company.
Relationship Agreement
In conjunction with Oliver's appointment, the Company has
entered into a relationship agreement with Kestrel. The key terms
of this agreement are as follows:
-- All transactions, agreements or arrangements entered into
between a member of the Group and Kestrel and/or any of
its associates will be conducted on an arm's length basis
and on normal commercial terms;
-- Kestrel shall exercise its voting rights to ensure, so
far as it is able to do so by the exercise of such rights,
that directors independent of Kestrel shall at all times
constitute a majority of the Gresham board ("Board");
-- Kestrel and its associates will not propose any resolution
or other action to cancel the trading of the Company's
shares from trading on the Main Market of the London Stock
Exchange without the Board's approval; and
-- Kestrel and its associates will not solicit proxies unless
consistent with the recommendation of the Board, exercise
powers to requisition a shareholders' meeting, or undertake
any action to obtain or consolidate control of the Company
or seek to do so, otherwise than in accordance with the
Takeover Code.
Richard Last, Chair, commented:
"Kestrel has been one of the Company's largest investors for
many years and we welcome Oliver onto the Board as their
representative. Oliver brings significant public markets and
technology investment knowledge, and we look forward to working
with him."
Other than as set out in this announcement there are no further
disclosures required in respect of Oliver Scott under paragraph
9.6.13 of the Listing Rules.
Enquiries
+44 (0) 207 653
Gresham Technologies plc 0200
Ian Manocha / Tom Mullan
Singer Capital Markets (Financial Adviser and +44 (0) 207 496
Broker) 3000
Shaun Dobson / Tom Salvesen / Jen Boorer
+44 (0) 203 405
Alma Strategic Communications 0205
Josh Royston / Hilary Buchanan / Matthew Young
Note to editors
Gresham Technologies plc is a leading software and services
company that specialises in providing real-time solutions for data
integrity and control, banking integration, payments and cash
management. Listed on the main market of the London Stock Exchange
(GHT.L) and headquartered in the City of London, its customers
include some of the world's largest financial institutions and
corporates, all of whom are served locally from offices located in
the UK, Europe, North America and Asia Pacific.
Gresham's award-winning Clareti software platform is a highly
flexible and scalable platform, available on-site or in the cloud,
designed to address today's most challenging financial control,
risk management, data governance and regulatory compliance
problems. Learn more at www.greshamtech.com.
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January 11, 2024 02:01 ET (07:01 GMT)
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