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AdEPT Technology Group plc
("AdEPT" or the "Company", together with its subsidiaries the "Group")
AdEPT (AIM: ADT), one of the UK's leading independent providers of managed services for IT, unified communications, connectivity, voice and cloud services, announces that Christopher Kingsman has resigned as a non-executive director of the Company with immediate effect.
Christopher Kingsman said, "I have thoroughly enjoyed my time working with the team at AdEPT. The business is extremely well run, and Ian has built a platform that will allow our new CEO to build a long-term growth company. It was a pleasure to be part of the process in recruiting Phil Race as our new Chief Executive and endorsing his vision for the next phase of AdEPT's growth. I remain as the largest shareholder in the Group and fully support the strategic direction of the Company. Now that Phil has transitioned to the CEO role, I no longer feel the need to be on the board and want to free up time for my other business interests."
Ian Fishwick, Chairman said, "Christopher is a great friend and supporter of the Company. We would like to thank him for his advice and encouragement and wish him well and look forward to working with him as a shareholder. Through his investment vehicle, Greenwood Investments, Christopher remains our largest shareholder and we will stay close to him, just as we do with all major shareholders."
AdEPT Technology Group Plc
Ian Fishwick, Chairman
Phil Race, Chief Executive
John Swaite, Finance Director
07720 555 050
07798 575 338
01892 550 243
Cantor Fitzgerald Europe
Nominated Adviser & Broker
Phil Davies / Will Goode
020 7894 7000
About AdEPT Technology Group plc:
AdEPT Technology Group plc is one of the UK's leading independent providers of managed services for IT, unified communications, connectivity and voice solutions. AdEPT's tailored services are used by thousands of customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as Openreach, BT Wholesale, Virgin Media, Avaya, Microsoft, Dell and Apple.
AdEPT is listed on the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept.co.uk