Retirement of Non-Executive Director

RNS Number : 5424Q

Eagle Eye Solutions Group PLC

01 March 2016

 

1 March 2016

Eagle Eye Solutions Group PLC

("Eagle Eye" or "Company")

Retirement of Non-Executive Director

Eagle Eye, the SaaS technology company that validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries, confirms the retirement of Bob Willett as Non-Executive Director as previously announced to concentrate on his other investments. This retirement will be with immediate effect. Bob served as Chairman from 2013 to January 2016 and has served as Non-Executive Director since this date.

Eagle Eye CEO, Phill Blundell, commented: "The Board and I would like to thank Bob for his service and wish him the very best in the future."

For further information, please contact:

Eagle Eye

Phill Blundell, Chief Executive Officer

Lucy Sharman-Munday, Chief Financial Officer                                             Tel: [phone]

Panmure Gordon

Fred Walsh/Duncan Monteith, Corporate Finance

Charles Leigh-Pemberton, Corporate Broking                                               Tel: [phone]

Hudson Sandler

Nick Lyon/Alex Brennan                                                                                 Tel: [phone]

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Information on Eagle Eye

www.eagleeye.com

Eagle Eye is a leading SaaS technology company that securely validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries.

The Company's digital marketing platform, Eagle Eye AIR, enables the secure, real-time, multi-channel issuance, management and redemption of digital promotions and rewards, replacing previously used paper-based methods. Our Eagle Eye platform creates a network effect between merchants, distributors and brands enabling stronger connections and value to all parties. Through our four products we enable brands and merchants to reduce cost, improve their customer offer and accelerate their innovation.

The UK promotions market is currently transitioning through substantial change as both retailers and consumers are moving away from paper and plastic to digital. In 2014 there were in excess of 730 million coupons redeemed in the UK¹, and 16 billion digital coupons redeemed worldwide².

The Eagle Eye AIR platform comprises four key products: Eagle Eye Promote - for the management of offers and promotions, Eagle Eye Gift - for gift cards and customer care, Eagle Eye Reward - for loyalty and reward schemes and Eagle Eye Engage - for digital messaging. These four products enable the Company's customers to deliver targeted promotions, gift vouchers and rewards to consumers in real time, in a simple and secure way, across multiple marketing communications channels including email, SMS messaging and loyalty apps. The promotions can be redeemed securely by the consumer through any enabled point of sale channel.

The Company's current customer base comprises leading names in UK grocery, retail and hospitality including Asda, Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells & Butlers, Pizza Express, Tesco and Thomas Pink.

The Group is headquartered in Guildford and has an office in Manchester.

 

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[1] Source: Valassis 2014

[2] Source: Statista 2014

 

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