Appointment of CFO and COVID-19 Update

RNS Number : 6193K

Dods Group PLC

23 April 2020

 

23 April 2020

Dods Group plc

 ("Dods" or the "Company")

Appointment of CFO and COVID-19 Update

Dods, a leading technology company specialising in data, code, business intelligence and media announces that Simon Bullock has been appointed Chief Financial Officer. Simon is a chartered management accountant with over 20 years' experience as a financial director and chief financial officer. Following an early career with Mars and General Electric, he has held senior positions in a range of businesses including media, marketing services and several high-tech firms including the provision of wholesale fibre, broadband and networking software. Simon has not been appointed as an executive director of the Company at this stage but a further announcement will be made to disclose the information required under Schedule 2 paragraph (g) of the AIM Rules for Companies as may be required.

The Company continues to address the challenges of the COVID-19 virus. Substantially the whole of the Merit workforce in India is now working remotely with, as yet, little disruption to the business. In the UK, where the physical events and training operations have faced disruption with postponements and some cancellations (as opposed to the digital businesses), approximately one-third of the workforce has been furloughed (accounting for c.5% of the Company's global workforce), whilst the remainder are working remotely. As with almost all service businesses, Dods cannot predict the medium to long-term effects of COVID-19 and therefore does not expect to be able to issue any forward looking statements or guidance for the foreseeable future.

 This announcement is released by Dods Group plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by David Hammond, Executive Chairman.

For further information, please contact: 

Dods Group plc

David Hammond - Executive Chairman   020 7593 5500

www.dodsgroup.com

Liberum (Nomad and Broker)

Neil Patel      020 3100 2000 

Cameron Duncan

Louis Davies

 

END

 

 

UPDSEESMDESSESL