Appointment of Interim Chair

Nexteq PLC

14 August 2024

 

14 August 2024

Nexteq plc

("Nexteq" or the "Group")

Appointment of Interim Chair

Nexteq (AIM: NXQ), a leading technology solutions provider to customers in selected industrial markets, today announces that Nick Jarmany, Non-Executive Deputy Chair, will assume the role of Interim Chair with immediate effect whilst the Board continues with the process to recruit a permanent Chair. Accordingly, Francis Small has now stepped down from his role as Chair of the Group.

Nick is a founding Director of Quixant and was the Group's Chief Executive Officer until 2018 when he became Deputy Chair. Along with a deep familiarity of Nexteq's strategy and operations, Nick has extensive experience across technology markets.

Following these changes, the Board comprises six Directors, of which four are Non-Executive Directors - Nick Jarmany (Chairman), Gary Mullins, Duncan Penny and Carol Thompson. Duncan Penny and Carol Thompson are independent Non-Executive Directors.

Enquiries

Nexteq PLC Nick Jarmany, Interim Chair Jon Jayal, Chief Executive Officer Johan Olivier, Chief Financial Officer	Telephone: [phone]
Nominated Adviser and Broker: Cavendish Capital Markets Ltd Matt Goode / Edward Whiley (Corporate Finance) Tim Redfern / Harriet Ward (ECM)	Telephone: [phone]
Joint Broker: Canaccord Genuity Limited Simon Bridges/ Andrew Potts	Telephone: [phone]
Financial PR: Alma Strategic Communications Hilary Buchanan/ Kieran Breheny	Telephone: [phone]

About Nexteq

Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in selected industrial markets. Its innovative technology enables the manufacturers of global electronic equipment to outsource the design, development and supply of non-core aspects of their product offering. By outsourcing elements of their technology stack to Nexteq, customers can focus their product development effort on the most critical drivers of their business' success.

Our solutions are delivered through a global sales team and leverage the Group's electronic hardware, software, display and mechanical engineering expertise. Our Taiwan operation is at the heart of Asian supply networks and facilitates cost effective manufacturing and strategic supply chain management.

The Group operates in six countries and services over 500 customers across 47 countries.

Nexteq operates two distinct brands: Quixant, a specialised computer platforms provider, and Densitron, leaders in human machine interface technology, each with dedicated sales, account management and product innovation teams. Founded in 2005, and later floating on the London Stock Exchange's AIM stock market as Quixant plc, the Group rebranded to Nexteq in 2023.

Further information on Nexteq and its divisions can be found at www.nexteqplc.com.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

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