Commencement of new CEO

RNS Number : 6354M

ULS Technology PLC

25 January 2021

 

ULS Technology plc

("ULS", the "Group" or the "Company")

Commencement of new CEO

ULS Technology plc (AIM:ULS),  the provider of online platforms to support UK consumers moving home , announces that the new Chief Executive Officer ("CEO"), Jesper With-Fogstrup, has now commenced his role at the Company.

As previously announced, Jesper has over 20 years' experience within digital and technology businesses, joining the Company from HSBC where he was Global Head of Digital as a Channel, prior to which he was COO of Comparethemarket.com.

Current trading conditions remain buoyant with a large number of instructions in the pipeline looking to complete in this quarter. The Company continues to have a healthy balance sheet with zero debt and substantial cash balances following the £27m Disposal of Conveyancing Alliance Limited in November 2020.

Martin Rowland, Non-Executive Chairman, commented:

"We are delighted that Jesper has now started his role at the Company. His knowledge base and experience will be invaluable as we develop our platform. This is a pivotal moment in our trajectory, and we look forward to working with Jesper as he develops our proposition and growth opportunities.

"Importantly, Jesper brings considerable experience in digital platforms and putting the consumer at the heart of the process. He will help drive and deliver our ambition to become the portal of choice for agents and consumers."

Jesper With-Fogstrup, CEO commented:

"ULS Technology's digital proposition is very exciting with significant potential, meeting customer expectations and growing as we expand the platform. The Company already has strong foundations in place and I'm eager to develop the wealth of growth opportunities as we create a platform that will revolutionise home moving and ownership."

Enquiries:

ULS Technology plc		Via Walbrook PR
Jesper With-Fogstrup, Chief Executive Officer
John Williams, Chief Financial Officer
Numis Securities Limited (Nomad & Broker)		Tel: [phone]
Stuart Skinner / William Wickham
Walbrook PR Limited	[e-mail] or Tel: [phone]
Tom Cooper
Nick Rome
Nicholas Johnson

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.

About ULS Technology:

ULS Technology ( https://www.ulstechnology.com ) was admitted to AIM in July 2014. Its mission is to make the home-moving process better for everyone. To date this has been mainly been achieved by presenting the consumer, primarily via introducers, with a range of quality conveyancers to choose from at competitive prices via easy-to-use technology.   

ULS is now going a step further with the development and launch of customer focused online platform DigitalMove ( https://digitalmove.co.uk ).

 

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