Appointment of Chief Financial Officer

RNS Number : 7906R

Bango PLC

22 November 2012

 



22 November 2012

BANGO PLC

("Bango" or "the Company")

Appointment of Chief Financial Officer

Bango (AIM: BGO) announces the appointment to the Board of Gerry Tucker as Chief Financial Officer (CFO) with immediate effect.

Gerry is an experienced finance leader and Chartered Accountant. He has considerable experience in growth businesses, mergers and acquisitions, finance regulation and financial modeling.

Gerry has worked with several trading, software and games companies. Previous senior financial and operational positions include CFO of PLUS Markets Group and other high-level positions at Kuju Entertainment, Activision, Vodafone Ireland and Deloitte.

On 21 May 2012, Bango announced that Peter Saxton, CFO, had notified the Board of his wish to retire. As a result of today's appointment, Peter Saxton has officially retired from the Board of the Company with immediate effect.

Discussing the appointment, Bango CEO Ray Anderson said "I am delighted to announce the appointment of Gerry as CFO. Gerry is familiar with the public markets and brings a unique set of skills gained across telecommunications, professional services, games and entertainment industries. Following last month's appointment of David Keeling into the newly created role of COO, this latest appointment further strengthens the management team, at a time when Bango's payment platform is seeing adoption across leading app stores, payment and internet companies, including Blackberry, Facebook, Amazon, MasterCard and others.

"The Board would also like to take the opportunity to thank Peter Saxton for his commitment to Bango during his eight years with us and wish him every future success."

Contact Details:

Bango plc	Newgate Threadneedle	Cenkos Securities plc
Tel. [phone] www.bango.com	Tel. [phone]	Tel. [phone]
Ray Anderson, CEO	Caroline Evans-Jones	Ken Fleming
Peter Saxton, CFO	Fiona Conroy	Neil McDonald

Regulatory Information

Gerald (Gerry) Louis Tucker (aged 56) currently holds, and has during the last five years immediately preceding the date of this announcement held, the following directorships or partnerships:

Current

Past

Agora Global Consultants Ltd Brubaker Willis LLP Eightbyte Limited

Plus Derivatives Exchange Limited Forum Trading Solutions Limited Trampoline Publishing Limited Ethelbert Limited Intelligent Biometric Solutions (Europe) Limited Chesnut Grange Limited Eastern European Drinks Limited Doublesix Digital Publishing Limited Nik Nak Games Limited Kuju PLC Headstrong Games Limited Zoe Mode Entertainment Limited Kuju Sheffield Limited Redoctane Limited Magnificent Publishing Limited

Gerry Tucker was a director of Jay Two Limited until 5 March 2003. Following the loss of a major distribution contract a liquidator was appointed on 26 March 2003. The deficit was approximately £208,000. A creditors voluntary liquidation was carried out by the liquidator and on 15 October 2008, the company was dissolved. He was also a director of Jack of All Games UK Limited until 5 March 2003. Following the loss of the major distribution contract by the parent company, Jay Two Limited, a liquidator was also appointed on 26 March 2003. The deficit was approximately £39,000. A creditors voluntary liquidation was carried out by the liquidator and on 12 November 2008 the company was dissolved.

There are no other matters which are required to be announced as required under paragraph (g) of Schedule 2 of the AIM Rules.

About Bango

In the era of mobile technology, collecting payments has emerged as a central and complex challenge. Bango (AIM: BGO) powers payment and analytics on the mobile web, providing users with a massively smooth payment experience.

Bango's pervasive presence across the web creates a platform effect for partners, identifying hundreds of millions of users and maximizing the number of one click payments. Global leaders plug into Bango: customers include Facebook, BlackBerry App World, Windows Phone Store, Amazon and major mobile brands including CNN, Cartoon Network and EA Mobile. Visit: bango.com

 

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