Directorate Change

RNS Number : 4249P

Imaginatik PLC

03 October 2011

 



3 October 2011

Imaginatik Plc

("Imaginatik" or the "Company")

Board Appointments

Imaginatik plc (AIM: IMTK.L), a leading provider of innovation management software and consultancy, is pleased to announce the appointment to the Company's Board with immediate effect of Mr. Brian Hays, Mr. Simon Charles and Mr. David Gammon in each case as a Non-Executive Director. At the same time, Imaginatik announces the resignation of Mr. Paul Morland from the Board as a Non-Executive Director.

Brian Hays, Non-Executive Director

Brian Joseph Hays, aged 62, has a strong track record in the innovation market as well as considerable experience in reorganising businesses to achieve accelerated growth. Previous industry experience includes positions as Chief Executive Officer, President and Chairman of SiteScape, Inc., the first web-based collaboration software company between 2004 and 2008. During his time at SiteScape, Inc., Mr. Hays was responsible for putting in place new management, marketing direction, positioning and venture funding to help grow the company to over 200 enterprise and government customers and nearly 1 million users, through to its sale to Novell in 2008.

Prior to working at SiteScape, Inc., Mr. Hays was Senior Vice President at Science Applications International Corporation (SAIC), a provider of technical services and solutions, where, among other roles, he was responsible for transforming the Collaboration Solutions/HUBS Division into a developer of advanced collaboration portals for business and government systems. More recently, Mr. Hays has been Chairman and CEO of Vari-RO, Inc., a desalination technology company which required significant reorganisation and was successfully sold to General Electric in Spring 2011, and Founder and Chairman of Bel Soley, Inc., a Haitian export business where he has been responsible for product development, infrastructure, export and distribution.

Simon Charles, Non-Executive Director

Simon Charles, aged 41, is a senior equity partner at the London firm of solicitors Marriott Harrison, having joined the firm in March 2004. He is a qualified solicitor in England and Wales and has substantial experience advising private and public companies in both a corporate and legal capacity. Mr. Charles has worked closely with the Company in an advisory capacity for a number of years, serving as the Company's solicitor since 2006. Prior to joining Marriott Harrison, Mr. Charles worked in the corporate finance department at Numis Securities Limited from January 2001 to December 2003, where he advised both AIM quoted and Main Market companies, and earlier in his career, he worked as a senior solicitor in the corporate department at Titmuss Sainer Dechert (now Dechert LLP).

Mr. Charles is a trustee of and honorary legal adviser to the Surrey charity Caterham Barracks Community Trust Limited and until recently acted as a trustee of Ty'r Morwydd Environmental Study Centre, an environmental educational charity in Abergavenny, South Wales.

David Gammon, Non-Executive Director

David Ranken Gammon, aged 50, has widespread experience in developing and building technology based businesses. In 1988, Mr. Gammon founded Rockspring, an advisory and investment firm which focuses on early stage technology companies, where Mr. Gammon continues as CEO today. Other current positions include advisor to Hawkwood Partners LLP where Mr. Gammon gives counsel to a portfolio of technology and renewable related stocks, as well as non-executive directorships at a number of growth technology companies, including DeepMind Technologies Limited, LoQ plc and BGlobal plc.

Previous experience includes Director at real-time location technology specialist, Ubisense Trading Limited, from 2005 to 2008 where Mr. Gammon was involved in putting in place the strategy and funding to enable the growth of the business; Director and acting CFO at Envisional Solutions Limited from 2003 until the company's sale to Group NBT plc in 2007; and Director at internet TV specialist Amino Technologies plc from 2006 to 2007. Earlier in his career, Mr. Gammon worked as an investment banker.

Matt Cooper, Executive Chairman of Imaginatik, commented: "Following the recent open offer and an associated placing, we have undertaken a review of the Board composition and we are delighted to welcome Brian, Simon and David to the Board, all of whom bring to Imaginatik a unique set of skills and experience. Brian's years of industry expertise and experience with growth businesses, Simon's comprehensive understanding of the public company environment and corporate governance and David's technology focus will be invaluable assets as we lead Imaginatik through to its next stage of growth. We would also like to thank Paul for his valued contribution to the Company and we wish him well in his future endeavours."

Additional information

Mr. Hays is interested in 6,000,000 ordinary shares in Imaginatik, representing 1.40% of the Company's issued share capital. His current directorships and past directorships within the last five years are as follows:

Current directorships	Past directorships
Vari-Ro, Inc.	SiteScape, Inc.
Bel Soley, Inc.
Community Coalition for Haiti

Mr. Hays has confirmed that there is no further information to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

Mr. Charles is interested in 8,702,501 ordinary shares in Imaginatik, representing 2.04% of the Company's issued share capital. His current directorships and past directorships within the last five years are as follows:

Current directorships and partnerships	Past directorships
Caterham Barracks Community Trust Limited	Magwitch Media Partners Limited
Marriott Harrison MH Directors Limited	SRC Capital Limited MH Directors (2) Limited
MH Secretaries Limited	Ty'r Morwydd Environmental Study Centre
MH Nominees Limited The Invicta Film Partnership No. 22, LLP	Visa Bureau Limited

Mr. Charles has confirmed that there is no further information to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

Mr. Gammon is interested in 5,000,000 ordinary shares in Imaginatik, representing 1.17% of the Company's issued share capital. His current directorships and past directorships within the last five years are as follows:

Current directorships and partnerships	Past directorships
DeepMind Technologies Limited	Clean Diesel Technology Inc
Lo-Q PLC	Ubisense Trading Limited
Cambridge Angels	Envisional Solutions Limited
BGlobal PLC	Amino Technologies PLC
Rockspring	The Library House Limited
Rockspring Nominees Limited	Ten Sails LLP
Rockspring Advisory Services Limited

Mr. Gammon has confirmed that there is no further information to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

For further information please contact:  

Imaginatik plc	Tel: [phone]
Matt Cooper, Executive Chairman / Shawn Taylor, CFO
Arbuthnot Securities Limited	Tel: [phone]
Tom Griffiths / Richard Johnson
Threadneedle Communications	Tel: [phone]
Caroline Evans-Jones / Hilary Millar

About Imaginatik

Imaginatik provides Innovation and Idea management solutions comprised of consultancy, enterprise software and program management to deliver innovation results to companies such as The World Bank, NYSE, The Chubb Group of Insurance Companies, Boeing, Pfizer, Goodyear, Paccar, Kellogg and Cargill. Few companies possess the internal capability to consistently generate fresh ideas, identify those worth pursuing and reliably transform them into real, value-enhancing assets. This is Imaginatik's area of expertise.

Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World Economic Forum Technology Pioneer with offices in Boston, MA, and Winchester, UK. For more information visit www.imaginatik.com.

 

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