Executive Director and Board Appointment

RNS Number : 4901O

Judges Scientific PLC

01 February 2023

 

Press Release

1 February 2023

Judges Scientific plc

("Judges Scientific" or the "Company")

Executive Director and Board Appointment

Judges Scientific, the group focused on acquiring and developing companies in the scientific instrument sector, announces the appointment of Dr Tim Prestidge to the Board as Group Business Development Director, with immediate effect.

Tim joins Judges with significant experience in leadership and innovation, gained through 22 years in senior positions at FTSE100 and FTSE250 industrial businesses. Following the completion of his PhD, Tim was appointed as Divisional CEO and subsequently Executive Committee Director of Renishaw plc. Whilst there, he gained expertise in global markets, overseeing a sustained period of strong growth and expansion for the company. Tim also saw his division awarded five Queen's Awards for Enterprise in the Innovation category.

Most recently, Tim spent 8 years as Divisional CEO with Halma plc, where he chaired portfolios of technology companies based in the UK, Europe, USA, and China, operating in a diverse range of scientific and industrial sectors. Throughout this period, Tim continued the trend of driving strong growth and gained direct experience in acquisitions and mergers.

Tim holds degrees in Theoretical Physics from the University of Edinburgh and the University of Cambridge.

Alex Hambro, Chairman of Judges, said:

"We are delighted that a candidate of Tim's experience and calibre is joining the Judges board. This is a reinforcement of our executive team and of our ability to maximise the performance of our expanding group."

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For further information please contact:

Judges Scientific David Cicurel, CEO Brad Ormsby, Group FD	Tel: [phone]
Shore Capital (Nominated Adviser & Broker) Stephane Auton / Iain Sexton (Corporate Advisory) Henry Willcocks (Corporate Broking)	Tel: [phone]
Liberum (Joint Broker) Edward Mansfield William Hall	Tel: [phone]
Media enquiries: Alma PR (Financial Public Relations) Sam Modlin Justine James Joe Pederzolli	Tel: [phone] [e-mail]

Regulatory Information

In accordance with Schedule 2(g) of the AIM Rules, Dr Tim Prestidge, aged 51, holds or has held in the past 5 years the following directorships and partnerships:

Current directorships/partnerships

Totempole Consulting Limited

Past directorships/partnerships

Young Engineers

FFE Limited

Fortress Interlocks Limited

Navtech Radar Limited

Avire Limited

Avire Trading Limited

Texecom Limited

Ocean Optics Inc.

Halma India Private Limited

Perma Pure India Private Limited

Ocean Optics (Shanghai) Co. Ltd

Alicat Scientific Inc.

Alicat Scientific B.V.

OneThird B.V.

Avo Photonics Inc.

Fiberguide Industries Inc.

Fluxdata Incorporated

Labsphere Inc.

Perma Pure LLC

Apollo America Inc.

Dr Prestidge was a director of Young Engineers which appointed a voluntary liquidator on 13 July 2017 following the passing of a special resolution to voluntarily wind up the Company. The Company was fully dissolved on 10 November 2022 following a Creditors' Voluntary Liquidation.

There is no further information required to be disclosed in respect of the above appointment pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

Notes to editors:  

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector.  The Group now consists of 20 businesses acquired since 2005.

The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, scientific research facilities, manufacturers and regulatory authorities.  The UK is a recognised centre of excellence for scientific instruments.  The Group has received five Queen's Awards for innovation and export.

The Group's companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash.  Shareholder returns are created through the reduction of debt, organic growth and dividends.

For further information, please visit  www.judges.uk.com

 

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