Changes in board composition

Cel AI PLC
28 June 2024
 

28 June 2024

 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

CEL AI plc

 

("Cel AI" or the "Company")

 

Changes in board composition

 

Cel AI (LSE: CLAI), a company specialising in cutting-edge artificial intelligence (AI) to deliver tailored beauty advice and product recommendations as well as next-generation skincare and wellness products, announces that Bruna Nikolla has resigned as Chief Financial Officer and Executive Director and Timothy Le Druillenec has resigned as Executive Director of the Company, both with immediate effect.

 

The Board would like to take this opportunity to thank Bruna Nikolla and Timothy Le Druillenec for their contribution to the Company and wish them well for the future.

 

The Company is also pleased to announce that Nicholas Lyth has been appointed as executive director and Chief Financial Officer. The appointment will take effect immediately.

 

Nicholas Lyth is a UK-based, experienced finance director and qualified accountant with extensive experience advising quoted companies including AIM-listed companies Univision Engineering Ltd, Altona Energy plc and Taihua plc and AQSE-listed companies Phoenix Digital Asset plc, Supernova Digital Assets plc, File Forge Technology plc and Ora Technology plc. For two years, Mr. Lyth was Group Finance and Purchasing Director of Belle Group, a manufacturer of engineering equipment operating across Europe, the US and Asia. He was also Head of Finance at Fothergill Group, a UK manufacturer of technical industrial fabrics, between 1996 and 2003. In his early career, Nick was a management accountant at Courtaulds plc and Rotunda plc.

 

Current directorships and/or partnerships:  

Former directorships and/or partnerships (within the last five years):  

 Aquis Stock Exchange listed companies:

-     Phoenix Digital Assets plc

-     Supernova Digital Assets plc

-     File Forge technologies plc

-     Ora Technology plc

London Stock exchange listed companies:

-     Streaks AI plc

-     Mustang Energy plc

Private:

-     Dark Peak Consulting Ltd

-     London Carbon Exchange Ltd

-     Carbon Technologies Ltd

-     Cykel AI plc

 Aquis Stock Exchange listed companies:

-     ChallengerX plc

-     Kondor AI plc

Private:

-     Food Forward Global Operations Plc

 

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

Following these changes, the composition of the Board is as follows: Mike Edwards is CEO and Chairman, Nicholas Lyth is Chief Financial Officer; and Misha Sher and Matthew Lodge are Non-Executive Directors.

 

The directors of Cel AI accept responsibility for this announcement.

 

For further information please contact:

Cel AI


Michael Edwards

Director

via FSCF +44 7572 873 300

First Sentinel Corporate Finance (FSCF)


Investor Relations

Emily Warrilow

ir@getcel.ai

Media Relations

Emily Warrilow

media@getcel.ai

Corporate Broker & Advisor

Brian Stockbridge

 

+44 7572 873 300

 

 

+44 7572 873 300

 

 

+44 7858 888 007

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Cel AI (CLAI)
UK 100

Latest directors dealings