TIDMBIDS
RNS Number : 2351W
Bidstack Group PLC
22 April 2021
Certain information contained within this Announcement is deemed
by the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in
the United Kingdom. Upon publication of this Announcement, this
information is now considered to be in the public domain.
22 April 2021
Bidstack Group Plc
("Bidstack" or "the Company")
Board Changes
Strengthened Board with senior leadership
Bidstack Group Plc (AIM: BIDS.L), the native in-game advertising
platform, is pleased to announce the appointment of two new
Directors to its Board to support the next phase of growth. Glen
Calvert, the COO of Fnatic Ltd, is stepping up from the advisory
board to become an independent Non-executive Director and Lisa Hau,
Bidstack's current Chief Operating Officer, joins the Board as an
Executive Director.
Glen has been COO of Fnatic Ltd, widely regarded as one of the
biggest brands and most successful esports teams, since January
2019. He will be launching Kaizan.ai, an AI start up that augments
the intelligence of teams later this year. Previously Glen was a
founder and CEO of programmatic marketing company Affectv and,
prior to that, a member of the founding team at Struq, an
advertising personalisation platform, which was acquired by
Quantcast in 2014. Glen joined Bidstack's advisory board in August
2020. He brings considerable experience to the Company including
strong relationships across the sector and among the investor
community.
Prior to joining Bidstack in May 2020, Lisa led investor
relations at WPP PLC following five years as an equity research
analyst heading up coverage for the European media and internet
sector with Jefferies, a leading multinational investment bank.
The appointments above will be effective from the end of today's
AGM.
Also, with effect from the end of today's AGM, Mike Hayes will
be moving from the Board to the Company's advisory board, where he
will continue to support Bidstack's journey with his valuable
industry experience with game developers and investors. The Company
continues to seek to appoint a further independent Non-executive
Director and will update shareholders in this regard in due
course.
Further information on Lisa Hau and Glen Calvert is set out
below.
James Draper, Founder/CEO of Bidstack said:
"I am thrilled to welcome both Lisa and Glen to the Board.
"Lisa is already well entrenched in the Bidstack business as COO
and has impressed many of us in successfully driving forward a
number of aspects of our business. Her background and previous
experience at WPP has been instrumental on many occasions since she
joined the team. I am pleased that we will now have the benefit of
her insight on the Board.
"I have known Glen for several years and his entrepreneurial
flair, understanding of programmatic advertising technology and
depth of knowledge of the esports business will be a valuable asset
to the team. His presence as an independent Non-executive Director
on the Board is a huge endorsement for the Company and we look
forward to working with him as we continue to drive growth for our
shareholders.
"Importantly, I would like to thank Mike Hayes for his service
on the Bidstack Board and invaluable input during his tenure. I am
pleased his skills and experience will continue to be available to
the Company on the advisory board."
Glen Calvert, said:
"Gaming is the future of entertainment and social experiences.
It's more than just playing the game, it's the intersection of
gaming, film, music, design and technology into a deep metaverse.
Bidstack is uniquely positioned to enable brands and game
developers to interact and deliver marketing experiences at scale
in this environment. I look forward to working with the management
team in executing their mission."
Lisa Hau, COO of Bidstack, said:
"I am honoured to join and support the Board as Bidstack
transitions rapidly to the next phase of scalable growth. I am
looking forward to collaborating with the Board in building out
solutions to enable game developers and esports teams to implement
sustainable and incremental monetisation strategies."
Further information on Lisa Hau and Glen Calvert
Lisa Hau (aged 36) is not currently a director of any company
and has not been a director of any company in the past five
years.
Lisa Hau is currently the holder of options over 750,000 shares
exercisable at 6p per share. Ms Hau holds 125,000 ordinary shares
in Bidstack, representing 0.03% in the issued share capital of the
Company.
There is no further information on Lisa Hau required to be
disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM
Rules for Companies.
Glen Francis Calvert (aged 37) holds or has held the following
directorships in the past five years:
Current Directorships Previous Directorships
Kaizan Ltd Hybrid Theory Global Ltd
Archetype Ventures Ltd
Mr Calvert is currently the holder of options over 300,000
shares exercisable at 6.7p per share. Mr Calvert has no other
interest in the issued share capital of Bidstack.
There is no further information on Glen Calvert required to be
disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM
Rules for Companies.
-ENDS-
Contacts
Bidstack Group PLC
James Draper, CEO via Buchanan
SPARK Advisory Partners Limited (Nomad)
Mark Brady / Neil Baldwin / James Keeshan +44 (0) 203 368 3550
Stifel Nicholas Europe Limited (Broker)
Fred Walsh/Luisa Orsini Baroni +44 (0) 20 7710 7600
Buchanan Communications Limited
Chris Lane / Stephanie Watson / Kim van
Beeck
bidstack@buchanan.uk.com +44 (0) 20 7466 5000
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