Directorate Change
Bango PLC
29 March 2007
29 March 2007
BANGO PLC
('Bango' or the 'Company')
Directorate Change
Bango plc, the mobile internet platform provider, today announces the
appointment of Mr. Martin Rigby to the Board as Non-executive Director with
immediate effect.
Mr. Rigby, (aged 51) is founder and joint managing director of ET Capital
Limited (ETCapital), a shareholder in the Company. He has been a venture
capital investor for over 20 years making and managing investments in innovative
technology businesses, principally in network services, software and hardware.
ETCapital has many of Cambridge's most innovative technology businesses in its
portfolio, including Cambridge Display Technology, Plastic Logic, Cambridge
Positioning Systems (now part of CSR plc), Astron Clinica and Phico
Therapeutics.
Commenting on his appointment, Martin Rigby said, 'Bango is at a crucial stage
of its development and I believe the Company is very well positioned to be a
major beneficiary of the current growth in the mobile content market. Bango's
position, as a platform - and operator - independent service enabling consumers
and content providers to find each other and do business, offers the prospect of
playing a part in every commercial transaction on the mobile web. I am delighted
to have been asked to take a more hands-on approach to the development of the
Company and look forward to working with Ray and the team as we seek to maximise
the Company's potential and drive shareholder value.'
Mr. Rigby read history for his first degree at New College, Oxford, completed an
MBA at Cranfield University and has a degree in IT and Computing from the Open
University. He started his career with 3i plc in Cambridge in 1986.
Ray Anderson, CEO of Bango commented, 'Martin's support as an investor has been
greatly appreciated by us, and we are delighted that he is joining the Board
of Bango. He brings a vast amount of knowledge and expertise in the growth of
high tech businesses, such as ours, and his guidance in our next stage of growth
will be invaluable.'
Additional disclosures are made below in accordance with the AIM rules.
For further information, please contact:
Bango plc Tel. +44 (0)1223 472777
Ray Anderson, CEO / Peter Saxton, CFO
ICIS Limited Tel. +44 (0)20 7651 8688
Tom Moriarty/ Caroline Evans-Jones
About Bango
Founded in 1999, Bango (AIM: BGO) created a revolutionary new technology
platform that enables brands and content providers to rapidly exploit the fast
expanding reach of the mobile internet. Thousands of Bango enabled mobile web
sites have served tens of millions of users through hundreds of mobile operators
world-wide. Bango offers unique advantages to anybody wanting to get visitors to
their site, gain detailed information about them or collect payment from them
wherever they are. Bango technology powers the global media giants, yet is so
easy and economic that small companies and individuals use it too. For further
information, go to www.bango.com
Martin Paul Rigby - Additional disclosure required by the AIM Rules
Martin Rigby has been a venture capital investor for over 20 years. In that time
he has invested in over 40 companies and been a non-executive director of 24 of
them at various stages. 10 of these businesses have been liquidated insolvently
(details below).
Mr Martin Rigby has or has had directorships in the last 5 years as follows:
Executive Directorships Non-executive Directorships
Current Current
Cambridge Venture Capital Limited 3en Fund Management Limited
East Anglian & Home Counties Enterprise Limited Cascade Fund Management Limited
Egan & Talbot Capital Limited GoSurprise Limited
ET Capital Limited Oi! Bagel Trading Limited
CRIL Nominees Limited Wax Info Limited
ET Capital (Directors) Limited
g2p Limited Previous
Thames & Chilterns Enterprise Limited Bango.net Limited
Transition Capital Limited CellFactors plc*
Chevco No 1 Limited
Previous Chevco No 5 Limited
None Complete Picture UK Limited
CT2003 Limited*
E-Launcher Limited
Force 12 Holdings Limited
Goldtiger plc
IFR2004 Limited*
L J Environmental Limited
Mexifoods Limited*
Uniclean Services Limited
* indicates investments liquidated insolvently. In addition, prior to 31
December 2001, Mr Rigby was a non-executive director of E L Lighting
International Ltd, J Mac A King Ltd, J Starkie Gardner Ltd, Henderson & King
Ltd, Mercantile Communication Ltd, Precept Integrated Design & Marketing Ltd and
The Club Distribution Ltd, all of which companies were subsequently liquidated
insolvently.
Martin Rigby has a personal shareholding in Bango amounting to 21,999 shares. In
addition, he has an indirect interest in Bango, through his interests in
ETCapital and QTP, of 710,266 shares. In aggregate, his total holding in the
Company, as defined by the AIM Rules, is 732,365 shares or 2.73% of the current
issued share capital of the Company.
There are no further details in relation to the above appointment which require
disclosure under the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange