Appointment of CFO

RNS Number : 0270I

Intercede Group PLC

12 April 2022

 

12 April 2022

Intercede Group plc

("Intercede" or the "Company")

Appointment of CFO

Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce the appointment of Nitil Patel as Chief Financial Officer with effect from 19 April 2022.

Mr Patel is a Fellow of the Institute of Chartered Accountants in England & Wales and has over 25 years' financial experience in both industry and public practice. He most recently held the position of interim CFO at D4t4 Solutions plc, a technology leader in data platforms and prior to that he was CFO of Merit Group plc. Between 2001 and 2016, Nitil was CFO of Zinc Media Group plc. He has extensive financial, commercial, M&A and business transformation experience.

As announced on 23 November 2021, Andrew Walker will remain with Intercede as a Director until June to ensure a smooth transition through the year end audit.

Intercede CEO Klaas van der Leest said:

"We are delighted to announce Nitil's appointment as CFO. He brings plc board experience, and his strong commercial acumen will be of great value as we look to execute our growth plans."

ENQUIRIES

Intercede Group plc	Tel.  [phone]
Klaas van der Leest, Chief Executive
finnCap	Tel.  + 44 (0)20 7220 0500
Simon Hicks / Fergus Sullivan, Corporate Finance
Tim Redfern / Charlotte Sutcliffe, ECM

Regulatory disclosures

The following information regarding Nitil Patel, aged 51, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

Current Directorships	Directorships held in past 5 years
Opendemocracy Limited	Dods Group Limited
The Opendemocracy Foundation for the Advancement of Global Education	Doreen Bird College Of Performing Arts Ltd.
The Doreen Bird Foundation	Fenman Limited
	Holyrood Communications Ltd.
	Merit Data & Technology Limited
	Merit Group Plc
	Merit Processes Limited
	Mislex (420) Limited
	Monitoring Services Limited
	Political Wizard Limited
	Social Lens Limited
	Soma21 Limited
	Syntri Group Limited
	Syntri Limited
	Syntri Media Group Limited
	Total Politics Limited
	Training Journal Limited
	Vacher Dod Publishing Limited
	Vdp Limited

Mr. Patel was previously a director of Ten Alps Media Limited, a subsidiary of Ten Alps plc, which, in the 12 months after Mr Patel had resigned from the company, announced that it had instructed professionals to place the subsidiary into a creditors' voluntary liquidation. There was estimated to be a deficit to preferential creditors of approximately £14,323.62 and an estimated deficit to unsecured creditors of £710,502.

There are no other matters which are required to be announced under Schedule 2(g) of the AIM Rules for Companies.

About Intercede

Intercede is a cybersecurity company specialising in digital identities, derived credentials and access control, enabling digital trust in a mobile world.

Headquartered in the UK, with offices in the US, we believe in a connected world in which people and technology are free to exchange information securely, and complex insecure passwords become a thing of the past.

Our vision is to make the highest levels of cybersecurity available to organizations and consumers alike, solving complexity and scalability issues by managing high volumes of digital credentials.

We have been delivering trusted solutions to high profile customers for over 20 years. Our team of experts has deployed millions of identities to governments, most of the largest aerospace and defence corporations, and major financial services and healthcare organizations, as well as leading telecommunications, cloud services and information technology firms, providing industry-leading employee and customer credential management systems.

For more information visit: www.intercede.com

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

 

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