TIDMZYT

RNS Number : 6921D

Zytronic PLC

04 March 2022

4 March 2022

Zytronic plc

("Zytronic" or the "Company")

Board Changes

Zytronic, the North-East of England based leading specialist manufacturer of touch sensors for self-service, gaming and industrial applications, announces the following Board changes.

Following the AGM yesterday, Tudor Davies has stepped down from his role as Director (including as Chair of the Company) and the Board has subsequently appointed David Buffham, currently an Independent Non-executive Director, as its Chair.

The Company would also like to confirm, that after an extensive search for a new Independent Non-executive Director, the Board have today appointed Alexander Mark Butcher ("Mark"), who is a qualified Chartered Accountant.

Mark brings a wealth of Board experience and is presently a Non-executive Director of Redde Northgate plc, East Balkan Properties plc and National Milk Records plc, where he also Chairs their Audit Committees and is either Chair or a member of their Remuneration Committees. Mark is also a Non-executive Director of AssetCo plc.

Mark Cambridge CEO of Zytronic, commented: "I would like to thank Tudor for his stewardship of the Board and from a personal standpoint his support and guidance over the last 10 years. I congratulate David on his appointment as the new Chair and I am also pleased to welcome Mark and look forward to his input in helping the Board shape the future of the business, as we move out of the impacts of the COVID-19 pandemic era."

As required under Schedule Two, paragraph (g) of the AIM Rules for Companies, further disclosures on Mark Butcher are as follows:

 
 Full name                          Alexander Mark Butcher 
 Age                                63 
 Current beneficial shareholding    None 
  in the Group 
 Current Directorships              Former Directorships (previous 
                                     five years) 
 Redde Northgate plc                Coldharbour Technology Limited 
  East Balkan Properties plc         Coldharbour Marine Trustees 
  National Milk Records plc          Limited 
  AssetCo plc                        Coldharbour International Limited 
  14-16 Fernlea Road Management      Stockdale Securities Limited 
  Limited                            IHOD Limited 
                                     Milk Pension Fund Trustees Limited 
                                     Meritwell Limited 
                                     Meritwell II Limited

Mr Butcher was appointed a director of Panfida Capital plc and Panfida Services (UK) Limited in November 1986 and May 1991 respectively. Both companies were placed into liquidation in April 1992.

Enquiries:

 
 Zytronic plc 
  Mark Cambridge, Chief Executive 
  Claire Smith, Group Finance Director        0191 414 5511 
 Singer Capital Markets 
  (Nominated Adviser and Broker) 
  Aubrey Powell, Rachel Hayes, Amanda Gray    020 7496 3000

About Zytronic

Zytronic is a world-renowned developer and manufacturer of a unique range of internationally award winning optically transparent interactive touch sensor overlay products for use with electronic displays in industrial, self-service and public access equipment.

Zytronic's products employ a sensing solution that is readily configurable and embedded in a laminate core that offers significant durability, environmental stability and optical enhancement benefits to system designers specific requirements.

Zytronic has continually developed process and technological know-how and IP since the late 1990's around two sensing methodologies; the first being single touch self-capacitive which Zytronic markets as PCT(TM) ("Projected Capacitive Technology") and the second being multi-touch, multi-user mutual-capacitive which Zytronic markets as MPCT(TM) ("Mutual Projected Capacitive Technology"), in which Zytronic holds five granted patents.

Zytronic operates from a single site near Newcastle-upon-Tyne in the United Kingdom. Zytronic is relatively unique in the touch eco-system as it offers a complete one-stop solution from processing internally the form and factor of the glass substrates, assembles their touch overlay products to customers specific requirements, in environmentally controlled cleanrooms and develops the bespoke firmware, software and electronic hardware to link the interactive overlays to customer's integrated systems and products.

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END

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(END) Dow Jones Newswires

March 04, 2022 05:34 ET (10:34 GMT)

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