Directorate Change

RNS Number : 4005Q

Coms PLC

14 October 2013

 



Coms plc

("Coms" or the "Company")

The Board of Coms plc (AIM: COMS) is pleased to announce that Sue Alexander has been appointed to the Board as Finance Director and the appointment of Diana Dyer Bartlett and Graham Herring to the Board as Non-Executive Directors with immediate effect. 

Sue Alexander joined Coms in May 2013 as finance director, having been involved in finance roles for telecoms business for some 14 years.  Sue has previously worked with Dave Breith at O-bit Telecom Limited.

Diana Dyer Bartlett is a Chartered Accountant who has held senior finance roles in industry and the City for almost 20 years.  In 2000 Diana was appointed company secretary at Collins Stewart Holdings PLC (renamed Collins Stewart Tullett PLC) and then as Finance Director of Collins Stewart PLC in 2006, overseeing its demerger from Collins Stewart PLC and the concurrent acquisition of Hawkpoint.  During the last six years she has worked as a CFO and as a company secretary in the technology sector. Currently, Diana is Company Secretary at Tullett Prebon PLC.

Graham Herring has worked in financial communications for over 15 years, including with large international agencies Ludgate Communications Ltd and Weber Shandwick UK.  Graham founded Threadneedle Communications in 2004 and sold a majority stake to AIM listed Porta Communications PLC in 2011, renamed Newgate Threadneedle.  He grew this company into the leading financial communications agency advising AIM listed companies, with a specialism in technology businesses.

The Company has today granted each of Mrs Dyer Bartlett and Mr Herring 2 million warrants to subscribe for new ordinary shares, with an exercise price of 5 pence each.  In each case, 1 million warrants are capable of exercise in 12 months and the remaining 1 million warrants in 24 months.

Iain Ross, Chairman and Senior Independent Director, commented:

"On behalf of the directors, I am delighted to welcome Diana, Graham and Sue to the Board.

"Diana brings a broad range of corporate experience across diverse sectors and has significant expertise in fundraising and M&A in plc and private equity environments.  Diana will work closely with Sue as Coms continues to undergo significant growth.

"Graham's in depth knowledge of investor relations together with his understanding of growth company requirements will reinforce the Board's ability to provide our CEO, Dave Breith, and his management team with the necessary support and guidance to build Coms into a substantial business."

14 October 2013

Regulatory Information

1.      Diana Dyer Bartlett (aged 51)

Current Directorships:

Trafalgar Limited

Plassey Limited

Westminster Capital Partners Limited

Ketton House Limited

Breast Cancer Haven

Past Directorships:

Helveta Limited

Ocean Power Delivery Limited

Pelamis Wave Power Limited

There is no further information to be disclosed under Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

2.      Graham Peter Andrew Herring (aged 37)

Current Directorships:

Newgate Threadneedle Limited

Investor Communications Services Limited

Thor Media Associates Limited

There is no further information to be disclosed under Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

3.      Susan Alexander (aged 51)

Current Directorships:

Coms.com Limited

There is no further information to be disclosed under Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

For further information, please contact:

Coms plc                                                              [phone]

David Breith (CEO)

Iain Ross (Chairman)

Charles Stanley Securities                           [phone]

(Nominated Adviser and Joint Broker)

Karri Vuori / Philip Davies

SI Capital Limited                                             [phone]

(Joint Broker)

Andy Thacker / Nick Emerson

Newgate Threadneedle                                 [phone]

(PR)

Robyn McConnachie / Alex White

Notes to Editors

Coms plc is listed on the London Stock Exchange (AIM market) and is a leading player in the provision of Hosted VoIP Telephony to UK businesses with over 10-years' experience in the telecoms sector. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class Telephony Platform.

 

END

 

 

BOAGLBDGXXBBGXS