TIDMCBX

RNS Number : 8652Y

Cellular Goods PLC

08 January 2024

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014, as retained as part of the law of England and Wales. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

8 January 2024

Cellular Goods PLC

("Cellular Goods" or "The Company")

Changes in Board Composition

Cellular Goods (LSE: CBX), a UK-based company pioneering the use of lab-based and biosynthetic production methods for wellness and sustainability solutions, announces the resignation of Darcy Taylor to his position as Chairman and Interim CEO of the Company, effective immediately. The Company wishes to thank Mr. Taylor for his services during his tenure as Chairman of the Board.

Furthermore, the Company is pleased to announce that Michael Edwards has been appointed as Executive Director. The appointment will take effect immediately.

Michael (Mike) Edwards has started and invested in technology companies for over 20 years. Mike has a wealth of experience in building and scaling technology companies in private and public markets, including the following: Mike invested in early stage technology companies such as Punch'd, which was sold to Google, Summify, which was acquired by Twitter, Wander, which was acquired by Yahoo, AreaConnect, which was sold to Marchex, Wylie Interactive, which was acquired by Zynga, and PasswordBox, which was acquired by Intel. He was the cofounder and president of Argo Blockchain plc, a company established to provide cryptocurrency mining services and which was admitted trading on the London Stock Exchange's Main Market for listed securities in August 2018 that reached a 2Bn USD valuation in 2022. Mike is also a current Board member of Eastside Games Group Inc, listed on the Toronto Stock Exchange. East Side Games Group is a mobile game platform technology company and development and publishing group powerhouse creating legendary games. He is also the co-founder and director of NFT Investments Plc, the first publicly traded vehicle for the new NFT asset class; AQRU Plc, a publicly traded issuer building and investing in Cryptocurrency and DeFi assets; Ora Technology Plc, the first carbon credit trading platform listed on the Aquis Stock Exchange; and Flex Labs Inc, the first AI middleware solution listed in the Aquis Stock Exchange.

 
Current directorships and/or             Former directorships and/or partnerships 
 partnerships:                            (within the last five years): 
         Aquis Stock Exchange listed            London Stock Exchange listed 
          companies:                             companies: 
 
           *    NFT Investments plc               *    Guild esports Plc 
 
 
           *    AQRU plc and                      *    Argo Blockchain plc 
 
 
           *    Clarify Pharma plc               CBOE Canada Exchange listed company: 
 
                                                  *    Pioneer Media Holdings Inc 
           *    Ora Technology plc 
 
 
           *    Flex Labs Inc 
 
 
 
          London Stock Exchange listed 
          company: 
 
           *    Streaks Gaming plc 
 
 
 
          Toronto Stock Exchange listed 
          company: 
 
           *    East Side Games Group 
                                         --------------------------------------------

Were LR 9.6.13 to apply to the Company, there would be no further information to disclose.

For further information please contact:

 
 Cellular Goods 
 Michael Edwards                     via FSCF +44 7572 873 300 
  Director 
                                    -------------------------- 
 First Sentinel Corporate Finance 
  (FSCF) 
                                    -------------------------- 
 Investor Relations 
  Rebecca Noonan                       +44 7572 873 300 
  IR@cellular-goods.com 
  Media Relations 
  Rebecca Noonan                       +44 7572 873 300 
  Media@cellular-goods.com 
  Corporate Broker & Advisor 
  Brian Stockbridge                    +44 7858 888 007 
                                    -------------------------- 
 Novum Securities 
                                    -------------------------- 
 Corporate Broker 
  Colin Rowbury 
  Jon Belliss                          +44 207 399 9427 
                                    --------------------------

About Cellular Goods PLC:

Cellular Goods is pioneering the use of lab-based and biosynthetic production methods for wellness and sustainability solutions. The Company launched with a focus on efficacy led and science-backed products utilising biosynthetics, and now employs its expertise across two verticals: premium next-generation cannabinoid skincare products, and carbon sequestration-as-a-service through its wholly owned business division, King Tide Carbon, which utilises biosynthetic algae and seaweed to provide scalable carbon removal. The Company is incorporated in the UK and listed on the Main Market of the London Stock Exchange. For more information, visit www.cellular-goods.com .

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January 08, 2024 02:00 ET (07:00 GMT)

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