Appointment of Director

RNS Number : 6096D

IS Solutions PLC

30 January 2015

 

Issued on behalf of IS Solutions Plc

Date: Friday, 30 January 2015

Immediate release

IS Solutions Plc

("IS Solutions" or the "Company")

Appointment of Director

Following the completion of the £7.5m acquisition of Speed-Trap Holdings Limited ("STH" - and parent company to Celebrus Technologies Limited) on 23 January 2015, the Company is pleased to welcome Godfrey (Geoff) Shingles, former chairman of STH, to the Board of IS Solutions as a non-executive director.

This appointment is effective immediately on a fixed term of one year. 

Pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies the following is disclosed in relation to Godfrey Stephen Shingles, aged 75:

Current directorships and partnerships:

·     Imagination Technologies Group plc

·     Speed-Trap Holdings Limited

·     The Geoff Shingles Partnership

Past directorships and partnerships held over the last 5 years:

·     Sarantel Group plc

·     Prevx Limited

·     Corsair Components Inc.

Sarantel Limited, a wholly owned subsidiary of Sarantel Group plc was placed into administration on 30 June 2013 with an estimated deficiency to creditors of £3.2m. A sale of the business and assets of Sarantel Limited took place after the appointment of administrators.

Mr Shingles holds 618,164 ordinary shares of 2 pence each ("Ordinary Shares") representing approximately 1.8 per cent. of the Company's total voting rights. Under the terms of the Acquisition Agreement detailed in the Company's circular to shareholders dated 24 December 2014, a further 308,524 Ordinary Shares will be held on behalf of Mr Shingles unissued and on retention.

ENQUIRIES

IS Solutions Plc John Lythall, Managing Director Tel: [phone]

FinnCap Nominated Broker & Adviser Ed Frisby/Simon Hicks - Corporate Finance Stephen Norcross - Corporate Broking Tel: [phone]

TooleyStreet Communications Ltd IR & Media Relations Fiona Tooley, Director Tel: [phone] Email:[e-mail]

Editor's Note IS Solutions is a systems integrator and value-added reseller focused on three web-related areas - portals, content/document management, with specialities in business intelligence and 'big data' analytics. Based in Sunbury-on-Thames, the Group was founded in 1985 and became a listed PLC 1997. The business currently employs 100 staff, including 18 in Chennai, India, who provide product development and support. It also has a strong blue-chip client base which includes Toyota, Toshiba as well the AA, NHS, KBC Bank, Compare The Market™, URENCO, HMRC, M&S and RBS.

Ticker: AIM: ISL Accreditation: ISO27001 E-mail: [e-mail] Website: www.issolutions.co.uk Follow us: www.linkedin.com/company/issolutions

 

END

 

 

BOAEAEFEDLFSEFF