Directorate Change

RNS Number : 6265L

Cambridge Cognition Holdings PLC

14 August 2013

 

14 August 2013

Cambridge Cognition Holdings Plc

("Cambridge Cognition" or the "Company")

Directorate Change

Cambridge Cognition Holdings plc, (AIM: COG), which specialises in computerised neuropsychological tests including those enabling the early detection of dementia, announces the appointment of Nick Kerton as Chief Executive Officer of the Company and of Nick Walters as Chief Financial Officer, succeeding Ruth Keir and David Blair respectively, who have resigned from the Company.

Dr. Nick Kerton became a Non-Executive Director of Cambridge Cognition prior to the Company's Admission to AIM in April 2013 and has significant experience in management positions within the healthcare sector and of delivering investor returns.  Most recently, Nick led the Sirigen Group from initial venture capital funding in 2008 through to the sale of the business in August 2012, delivering a return to investors of between 2.5x-4.0x on their original investment. Nick was commercial director within the management team who established Celsis International PLC, one of the first biotechnology companies to float on the London Stock Exchange, led the successful sale of Maybridge to Fisher Scientific International and founded Lab21 (a molecular diagnostics service).

Nick Walters, a chartered accountant, joins the Company as Chief Financial Officer with over thirty years' experience in finance roles and board-level appointments.  Nick worked closely with Dr. Nick Kerton at Sirigen Group and Maybridge. Information in respect of Nick required pursuant to Schedule 2(g) of the AIM Rules for Companies are set out below.

The Company looks forward to announcing its interim results for the six months ended 30 June 2013 on 18 September 2013.

Jane Worlock, chairman, commented that "Ruth and David leave the business at the end of the month with our best wishes and gratitude for their contribution to establishing the firm footing on which we today stand and for their tireless work in leading us through to a successful admission to AIM.  As we move into the next phase of our development the time was right for Ruth and David to hand over the reins to a new management team who will lead the Company through its next stage of development and growth. Our two core businesses in the academic and pharmaceutical clinical trials sectors are considered industry leaders, whilst CANTABmobile, our mobile solution for the early detection of dementia in primary healthcare environments, continues to gather traction.

"Nick Kerton has significant experience of driving forward companies and products at this stage in their development and we are excited by our prospects under his leadership. I am therefore very pleased that both Nick Kerton and Nick Walters have accepted these appointments and look forward to working with them."

Nick Kerton commented "I look forward to working with the team at Cambridge Cognition to take the business through the next stage of its development.  Cambridge Cognition is an outstanding business and recognised by its peers for the quality of its team and products."

Enquiries:

Cambridge Cognition Holdings plc		Tel: [phone]
Jane Worlock Nick Kerton	(Chairman) (Chief Executive Officer)
finnCap Ltd (Nomad and Broker)		Tel: [phone]
Matthew Robinson/Henrik Persson/Simon Hicks	(Corporate Finance)
Simon Starr	(Corporate Broking)
Walbrook PR Ltd	Tel: [phone] or [e-mail]
Paul McManus/Lianne Cawthorne	Mob: [phone]

Nicholas John Cordeaux Walters (age 55) is or has been a director or partner of the following companies or partnerships during the previous 5 years:

Current	Previous
Analytical Services Centre (Food Park) Ltd	Bat Building Products Limited
Andrew Weir & Company Limited	Cambrian Care Limited
Andrew Weir Investment Co Ltd	Clifton House Acquisition Limited
Andrew Weir Shipping Limited	Continuum Care and Education Group Limited
Atesta Group Limited	Continuum EBT Limited
Atesta Holdings Limited	Crumlin Manufacturing Limited
Atesta Trustees Limited	Elite Children's Care Limited
Bretby Analytical Consultants Limited	Expamet International Limited
Buckingham Investigation Services Limited	Expamet UK Limited
C L Associates Ltd	Farrow House Limited
Dr Augustus Voelcker and Sons Limited	Fuelforce Holdings Limited
Edward Sheldon Limited	Fuelforce Limited
Engineering and Resources Consultants Limited	Green Corns Limited
Environmental Contamination Sciences Limited	Hayward Tyler Group Limited
Environmental Contamination Services Limited	Herts Care (Escort and Supervision Services) Limited
Environmental Scientifics Group Holdings Limited	Herts Care Group Limited
Environmental Scientifics Holdings Limited	Herts Care Limited
Environmental Scientifics Limited	Herts Care Property Limited
Environmental Services Group Limited	Inhoco 2993 Limited
ESG Asbestos Limited	Sirigen Group Limited
ESG Capital 1 Limited	Sirigen Inc.
ESG Capital 2 Limited	Sirigen Limited
ESG Employee Share Scheme Nominee Limited	Verna Group International Limited
ESG Investments Limited
ESG Limited
Exploration Associates Limited
Harwell Scientifics Limited
Henley Water Limited
Inspicio Environmental Services Group Limited
Inspicio Food Testing Limited
Inspicio Holdings Limited
Macrocom (534) Limited
Mapleglade Limited
MCR Holdings (Partnership)
MCR Holdings Limited
Mowlem F E Limited
Nicholson Site Investigation Limited
Precision Monitoring and Control Limited
Scientia Ferrovia Limited
Scientifics Group Services Limited
Scientifics Limited
Soil Mechanics Associates Limited
Soil Mechanics Environmental Limited
Soil Mechanics Limited
Taywatt and Partners Limited
Teignbank Shipping Limited
United Baltic Corporation Limited
Voelcker Holdings Limited
Waterwise Technology Limited

Mr Walters was a Director of Parcels Holdings Limited ("Parcels") between 15 August 2005 and 31 October 2006. Parcels was placed into administration on 12 January 2007. Parcels was dissolved on 11 March 2009.

There is no further information on Mr. Walters required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

 

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