Former Gamma Communications plc COO appointed NED
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain
AdEPT Technology Group plc
("AdEPT" or the "Company", together with its subsidiaries the "Group")
Directorate and senior management team changes
Director and board appointment - Non-Executive Director
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 Richard Bligh has been appointed as a non-executive director of the Company with immediate effect.
Richard was formerly Chief Operating Officer of Gamma Communications plc ("Gamma") and during his 13 years with Gamma was instrumental in building that company to over £1 billion market capitalisation. Richard's knowledge of the UK technology market, and how to develop businesses, will be a great asset to AdEPT.
Richard Bligh, Non-Executive Director commented: "I am delighted to be given the opportunity to join the board at AdEPT. The development of the Group to one of the UK leading managed service providers, across particularly the last 4 years, gives an excellent platform for future growth to which I believe that I can add value."
Ian Fishwick, Chairman said, "We are delighted that someone with Richard's wealth of experience in the UK technology space is joining AdEPT. Richard's detailed knowledge and insight of the converging communications and IT markets will provide significant value to the Company. Through our communications sector focus I have known Richard for a number of years and on behalf of the Board I would like to welcome Richard to the AdEPT team."
The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies.
Richard Anthony Bligh, 58, holds or has held the following directorships or partnerships in the last 5 years:
Current Directorships or Partnerships
Previous Directorships or Partnerships
Gamma Communications plc
No further information relating to Richard Bligh is required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules.
Senior management team appointment - Chief Operating Officer
The Company also announces the appointment of Andy Lovett to the senior management team of AdEPT, as Chief Operating Officer. Andy is hugely experienced in running the operational side of businesses spanning; software development, IT outsource, and mission critical client projects. Andy brings to AdEPT a wealth of highly relevant skills having recently worked for Banking software company DPR and global outsourcer Xchanging.
Phil Race, AdEPT Chief Executive commented: "I am delighted that Andy has chosen to join the team at AdEPT. I have worked closely with Andy in previous UK and overseas technology businesses, on a number of projects. I therefore know that Andy's experience running complex IT operations, integrating businesses and deploying strategic solutions will be highly beneficial as the Group continues to acquire, develop and grow."
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
The person responsible for arranging the release of this announcement on behalf of AdEPT is John Swaite.
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
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Quick facts: AdEPT Technology Group PLC
Market Cap: £77.98 m
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