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Blancco Tech Grp PLC (BLTG)

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Thursday 08 September, 2016

Blancco Tech Grp PLC

Directorate Change

RNS Number : 2492J
Blancco Technology Group PLC
08 September 2016


8 September 2016

Blancco Technology Group PLC

("Blancco" or the "Group")




Blancco, a leading global provider of mobile device diagnostics and secure data erasure solutions, is pleased to announce that Keith Butcher will join the Group as Chief Financial Officer on 19 September 2016, and will be appointed to the PLC Board at the next Board meeting in October. Upon this appointment Jog Dhody, the existing CFO, will resign from the Board and will leave the Group following an orderly handover.


Keith is a highly experienced public company CFO and brings a track record of success in high growth technology businesses. He joins from (Moo Print Limited), a Private Equity backed online design and print company where he was group CFO.


Previously, for five years until 2015, Keith was CFO of AIM listed PaySafe Group Plc (previously Optimal Payments plc), an international online payments company servicing customers in over 190 countries that saw a substantial share price appreciation during his tenure and is now part of the FTSE 250 with a market capitalization of c. £2 billion. 


Prior to that, Keith was Finance Director of AIM listed Flomerics Group Plc ("Flomerics"), a market leading specialist software simulation company, at the time listed on the London Stock Exchange, and was instrumental in the sale of the company to Nasdaq listed Mentor Graphics Inc.


Before Flomerics, Keith was Finance Director of AIM listed DataCash Group Plc, a specialist online Payment Service Provider to online/e-commerce businesses worldwide which was sold to MasterCard for c. £333 million in 2010.


Keith was awarded Finance Director of the Year at the Quoted Company Alliance Awards (QCA) 2014.


Matthew Peacock, Non-executive Chairman commented,


"I am delighted to welcome Keith to the Company and to the Board. He brings a wealth of public company experience working with high growth technology businesses. We look forward to his contribution and working with him. 


"I would also like to thank Jog Dhody for his contribution and support in building and transitioning the Group over the last four years."



In relation to the appointment of Keith Butcher to the Board of Directors, Blancco confirms that there is nothing further to disclose in relation to his appointment under AIM Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies, save as required and disclosed in this announcement:


Full name: Keith Butcher


Age: 53 years old


In the last five years, Keith has held the following Directorships:


Directorships in last five years


Co Number

Directorship Dates

Paysafe Group plc

Isle of Man


20.05.2010 - 01.01.2015

NetGroup Holdings Limited

Isle of Man


09.08.2010 - 31.01.2015

Netadmin Limited

Isle of Man


09.08.2010 - 31.01.2015

Net ID Limited

Isle of Man


09.08.2010 - 31.01.2015

Paysafe Merchant Services Limited

Isle of Man


09.08.2010 - 31.01.2015

NetB Limited

Isle of Man


09.08.2010 - 31.01.2015

Greenscroft Limited

Isle of Man


09.08.2010 - 31.12.2012

Jade Enterprises Limited

Isle of Man


09.08.2010 - 31.12.2012

Lime Enterprises Limited

Isle of Man


09.08.2010 - 31.12.2012

Duke Royalty UK Ltd



09.06.2016 - 07.09.2016





Blancco Technology Group Plc                                           +44 (0) 20 3657 7000

Patrick Clawson, Chief Executive Officer

Jog Dhody, Chief Financial Officer


Peel Hunt LLP (Nominated Adviser and Broker)           +44 (0) 20 7418 8900

Richard Kauffer

Euan Brown


Panmure Gordon (UK) Limited (Joint Broker)               +44 (0) 20 7886 2500

Dominic Morley, Corporate Finance

Charles Leigh Pemberton, Corporate Broking


Tulchan Communications                                                   +44 (0) 20 7353 4200

Tom Murray


About Blancco

Blancco Technology Group is a leading global provider of mobile device diagnostics and secure data erasure solutions. For more information, please visit


This information is provided by RNS
The company news service from the London Stock Exchange

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