Directorate Changes

RNS Number : 2725B

GB Group PLC

03 April 2017

 

Embargoed until 7.00 a.m.

03 April 2017

GB GROUP PLC

("GBG" or the "Group" or "Company")

Directorate Changes

In April last year, GBG announced the retirement of its CEO, Richard Law.  As indicated at the time, Richard undertook to lead and develop the business as CEO until his replacement took office.  GBG is pleased to report that the handover to GBG's new CEO, Chris Clark, took place on 1 April 2017 as planned. Richard also ceased to be a director of GBG and its subsidiaries, effective from this date.

Furthermore, GBG is pleased to announce that GBG's Group Managing Director, Nick Brown, has been appointed as an Executive Director to the Board of Directors with immediate effect.  Nick joined GBG as Managing Director in 2006 and has been on the Group's Executive Team since joining the business, working closely with Richard and the Team to deliver the Group's success to date.

David Rasche, Chairman of GBG, said:

"I'd like to thank Richard once again for his many years of service. In particular I would like to express my gratitude for his successful leadership since his retirement was announced, his help in the transition and his ongoing help in this regard. He leaves a tremendous legacy in GBG as a world leader in identity data intelligence together with a strong and accomplished team.

I also wish to welcome Chris to GBG. As previously reported, we consider that we have appointed an excellent new CEO in Chris who not only has significant experience but also expertise in growing and improving international technology based businesses. I know that he is very enthusiastic about the Group and our growth prospects. The Board and I very much look forward to working with Chris as he leads GBG in its ongoing strategic development.

On behalf of my colleagues and stakeholders I congratulate Nick on his promotion to the Board.  He is a high calibre professional whose international and commercial experience will further enhance the Board and Company in the next stage of its planned growth."

Chris Clark, CEO of GBG, said:

"I'm delighted to be joining GBG at this exciting time. The team, under Richard's leadership, has done a fantastic job and I'm eager to start work leading GBG in its next stage of development."

Richard Law, GBG's outgoing CEO, said:

"As outgoing CEO I'd like to extend my best wishes to Chris as he takes up the role of CEO and to congratulate Nick on his promotion. Nick has proven to be an outstanding Group Managing Director who has consistently delivered exceptional results and has helped to shape the culture of the wider Group. It's been a great honour to work with someone of Nick's talent and calibre and I'm pleased that his continuing contribution to the Company is recognised with this appointment."

Appointment of Executive Director Nicholas Richard Brown

Nick has over 25 years of operational, sales and senior management experience and before working at GBG he held senior positions at Sage Plc, Microsoft and Fujitsu Services.  Nick joined GBG to head up the Company's identity-based marketing services division, Nick today leads the Group's expanding fraud, risk & compliance and customer & location intelligence propositions.

Commenting on his new role, Nick Brown, added:

"Having been part of the GBG team for over ten years I am delighted and honoured to be joining the Board of Directors.  I am excited about my new role, along with the responsibilities and demands it brings."

Additional Information

In accordance with Schedule 2(g) of the AIM Rules, Nicholas Richard Brown (aged 56) holds or has held in the past 5 years the following directorships and partnerships: 

Current directorships	Previous directorships in the last five years:
GBG Dectech Pty Ltd	None
GBG Dectech Sdn.Bhd
GBG Dectech Solutions S.L.

Nick Brown has the following interests in the Company:

·     A beneficial interest in 970,807 ordinary shares of 2.5 pence in the Company "Ordinary Shares", representing 0.72% of the current total voting rights in the share capital of the Company.

·     Options over 465,266 Ordinary Shares, granted pursuant to GBG's Executive Share Matching Plan that are exercisable at 2.5 pence per Ordinary Share, representing approximately 0.35% of the current total voting rights in the share capital of the Company.

·     Options over 6,640 Ordinary Shares, granted pursuant to GBG's Save-As-You-Earn Share Option Scheme that are exercisable at 76.8 pence per Ordinary Share, representing approximately 0.005% of the current total voting rights in the share capital of the Company.

There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule 2 (g) of the AIM Rules for Companies.

- Ends -

For further information, please contact:

GBG David Rasche, Chairman Chris Clark, CEO Dave Wilson, Group Finance Director & Operations Director	01244 657333
Peel Hunt LLP (Nominated Adviser and Broker) Richard Kauffer	020 7418 8900
Newgate Bob Huxford Ed Treadwell	020 7653 9850
Website	www.gbgplc.com

About GBG

GBG is a global specialist in Identity Data Intelligence. We help organisations make decisions about the customers they serve and the people they employ.

Through our fundamental belief that the digital economy relies on everyone having access to data they can trust, GBG enables companies and governments to fight fraud and cybercrime, to improve the customer experience and help to protect the more vulnerable people in our society.

Headquartered in Chester (UK) and with 24 locations in 15 countries, GBG provides solutions to many of the world's biggest organisations, from established brands like HSBC and Ford to disruptive newcomers such as Xpress Money and Stripe.

Find out more about how we use identity intelligently by visiting www.gbgplc.com, following us on Twitter @gbgplc and reading our blog: www.gbgplc.com/uk/blog 

 

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