Board Changes

RNS Number : 7424B

Synectics PLC

09 October 2015

 



For immediate release	9 October 2015

Synectics plc

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

Board Changes

Synectics plc (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces the following Board changes.   

Nigel Poultney, Finance Director, will be retiring from the Company's Board, and from the role of Finance Director, at the end of the current financial year on 30 November 2015. Nigel joined Synectics in 1991 and was appointed Finance Director in 1997. Following his retirement, Nigel will continue in the part-time role of Company Secretary of Synectics, and as an advisor to the Company, thereby ensuring a smooth and effective handover to his successor.

On 1 December 2015, Mike Stilwell, currently Synectics' Group Financial Controller, will be appointed to the Board and promoted to the role of Finance Director. Mike joined Synectics in October 2012, after finance roles with the Saint-Gobain Group, Coventry Building Society and the Caparo Group. He qualified as a Chartered Accountant with KPMG in 2001.

David Coghlan, Chairman of Synectics, commented:

"Nigel Poultney has demonstrated quite exceptional skill, integrity and commitment throughout his lengthy service at Synectics, and has played a substantial role in the Group's growth and development over that period. Whilst we are sorry that he has now chosen to retire from full-time employment, I am delighted that Nigel has agreed to make himself available on an ongoing part-time basis to provide us with both a seamless transition and continued access to his deep knowledge of our business.

"Since joining the Group, Mike Stilwell has taken on increasingly senior responsibilities within Synectics' finance department and across all of its operating businesses. On the basis of observing his performance at first hand on a range of important issues, the Board is confident he has all of the necessary capabilities to make a strong contribution to the Group as Finance Director. We are pleased to be able to make this appointment internally in accordance with our succession plan."

For further information, please contact:

Synectics plc	Tel: [phone]
David Coghlan, Chairman Paul Webb, Chief Executive	www.synecticsplc.com
email: [e-mail]
Westhouse Securities Limited	Tel: [phone]
Tom Griffiths

Media enquiries:

Buchanan	Tel: [phone]
Mark Court / Sophie Cowles
email: [e-mail]

AIM Rule 17

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies. Michael James Stilwell, aged 39 years, holds, or has held, the following directorships within the last 5 years:

Current Directorships	Previous Directorships
A1 Presentations Limited	A.& H.Jones & Co.Limited
Coex Limited	AP Braking Limited
Falcon Equipment And Systems Limited	Armstrong Screws & Fixings Limited
Fotovalue Limited	Atlas Bolt (Darlaston) Limited
IES Integrated Electronic Systems Limited	BA Machining Limited
Integrated Environmental Systems Limited	Barton Aluminium Foundries Limited
Look CCTV Limited	Barton Conduits Limited
Look Closed Circuit T.V Limited	Barton Electrical Limited
Protec 2001 Limited	Barton Engineering Limited
Protec Plc	Barton Group Limited
Quadnetics Group Limited	Barton Overseas Holdings Limited
Quadrant Research & Development Limited	Barton Tubes Limited
Quadrant Video Systems Plc	C.M.T. Steels & Supplies (Northern) Limited
S D A Protec Limited	C.M.T. Tubes & Fittings Limited
Sanpho Pension Trustees Limited	Caparo (Tipton) Limited
SDA Network Solutions Limited	Caparo Burton Limited
SDA Protec (2001) Limited	Caparo Cradley Heath Limited
Sectronic (Marketing) Limited	Caparo Fabrications Limited
Security Design Associates (1979) Limited	Caparo Forgings Limited
Software Developments (Digital Direct) Limited	Caparo Industries (LTI) Limited
SSS Managed Services Limited	Caparo Management Services Limited
SSS Management Services Limited	Caparo Pensions Trustees Limited
Stanmore Systems Limited	Caparo Properties Limited
Synectic Systems Limited	Caparo Tea Company Limited
Synectics Managed Services Limited	Caparo Toys Limited
Synectics No. 2 Limited	Caparo Tubes Limited
Synectics Technology Centre Limited	Caparo Wire Limited
	Clydesdale Engineering Limited
	Clydesdale Forge Limited
	CMT Dynamics Limited
	CMT Engineering Insulation Limited
	CMT Engineering Limited
	Forest Fasteners Limited
	Globaltech Group Limited
	Material Measurements Contracts Limited
	Material Measurements Group Limited
	Materials Testing Services Limited
	Midland Iron (Cradley Heath) Limited
	Natural Gas Tubes Limited
	NDIS Limited
	Non-Destructive Inspection Services Limited
	Nupac Limited
	Quest Inspection Limited
	Rabco Industrial Inspection Limited
	S.E.Bate (Harborne) Limited
	Screw & Rivet Limited
	Trutest (N.D.T.) Limited
	Tube Fittings Limited
	United Merchant Bar Limited
	Whitehouse Hand Tools Limited
	Wrexham Wire Company Limited

Mr Stilwell has the following interests in the Company's ordinary shares of 20 pence each:

Beneficial Interests	Interest in Share Schemes	Resultant Total Interest	% of Issued Share Capital
2,910	32,845	35,755	0.20

Mr Stilwell has confirmed that there is no further information in relation to his appointment which is required to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

 

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