Directorate Change

RNS Number : 4400Y

WEARE 2020 PLC

01 March 2012

 



WEARE 2020 PLC

 1 March 2012

Weare2020 plc

(the "Company" or "Group")

Board Changes

Following the strategic review previously announced, Weare 2020 plc, the digital marketing group, today announces the following appointments to and retirements from its Board of Directors.

Martin Boddy joins as Chief Executive from 1 March 2012. Martin was a founder of Jaywing, a company acquired by Weare 2020 plc in 2007.

Andrew Wilson, currently a Non- Executive Director, becomes Chairman. Stephen Davidson, currently Chairman, remains on the Board as a Non- Executive Director.

Charles Buddery, currently interim Chief Executive joins the Board as a Non-Executive Director. Charles was founder of Dig For Fire, a company acquired by Weare 2020 plc in 2007.

Barry Jenner and Ian Robinson retire from the Board after five years of service and will retire in June 2012.

Keith Sadler, Group Finance Director, is to stand down after a replacement is announced and an appropriate handover period.

Martin Boddy: Disclosures pursuant to AIM Rule 17

James Martin Boddy, 47 is a Member of West Window LLP. Martin Boddy has been a director or partner in the following companies during the five year period immediately preceding his appointment to the board of Weare2020 plc.

West Window LLP - current

Alphanumeric Limited - resigned March 2009

Alphanumeric (Holdings) Limited - resigned March 2009

Alphanumeric Group Holdings Limited - resigned March 2009

Jaywing Information Limited - resigned November 2010

Isis Direct Limited - March 2009

Gasbox Limited  - resigned October 2008

Repeat Purchase Limited - resigned February 2012

Disclosure of director's share interest

As at the date of this announcement Martin Boddy holds an interest in 4,916,667 shares in Weare2020plc representing 6.6% of the issued share capital.

There is no further information required to be disclosed pursuant to the AIM Rules.

Charles Buddery: Disclosures pursuant to AIM Rule 17

Charles Friedrich Buddery, 59 has been a director or partner in the following companies during the five year period immediately preceding his appointment to the board of Weare2020 plc.

Scope Creative Marketing Ltd - current

Dig For Fire Ltd - current

Junction Brand Communications Ltd - current

Kaizen IT Solutions Ltd - current

Kaizen Telecom Ltd - current

Disclosure of director's share interest

As at the date of this announcement Charles Buddery holds an interest in 3,906,605 shares in Weare2020plc representing 5.2% of the issued share capital.

There is no further information required to be disclosed pursuant to the AIM Rules.

Chairman, Stephen Davidson made the following statement:

"I am delighted that we have secured the services of Martin to lead our Company. He brings proven record of building successful businesses and a determination to restore value for shareholders. I am also delighted that Andy Wilson has agreed to become Chairman. In addition to his considerable experience and enthusiasm, his appointment also reflects the commitment of our largest shareholder to the Company. We warmly welcome Charles Buddery to the Board. He and Keith Sadler have done an outstanding job navigating the Company through the interim period. And finally, my sincerest thanks for the wise counsel and significant contributions made by Barry and Ian."

Martin Boddy said:

"As a significant shareholder in the Company, I am delighted by the opportunity to drive the business forward."

Andy Wilson said:

"I am delighted to welcome Martin and Charles to the Board. I look forward to the focus that Martin will bring to our Company. I would like to thank Stephen Davidson for his stewardship as Chairman and pleased he has agreed to remain on the Board."

Enquiries:

Weare2020 plc

Keith Sadler                                                                079122 74522

COO, Group Finance Director

Cenkos Securities plc

Ivonne Cantu (Nomad)                                                020 7397 8980

Julian Morse                                                                020 7397 1931

 

END

 

 

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