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Appointment of Non-Executive Director
Strictly embargoed until: 7.01 a.m. 3rd April 2019
Minds + Machines Group Limited
("MMX" or the "Company")
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Minds + Machines Group Limited (AIM: MMX), the top-level domain registry company, is pleased to announce the appointment of Bryan Disher as a Non-Executive Director of the Company and Chairman elect of the Audit Committee with immediate effect.
Mr Disher trained as a Chartered Accountant in Canada and enjoyed a successful career spanning over 37 years at PricewaterhouseCoopers (PwC), which he joined in 1978 and where he was appointed as a Partner in 1991. He held a number of senior positions in PwC Canada where he was Chair of the Partnership Board, and Chair of each of the Finance Committee, Governance Committee and Admissions Committee of the Board. He was also Managing Partner of PwC's Ottawa office (2001 - 2008) and Ottawa Audit and Assurance Leader (1995 - 2001). His final role at PwC was Managing Partner of its Ukrainian practice between 2012 and 2015.
Subsequently Mr. Disher has held a number of senior non-executive positions as an independent director and chair of the Board at Rubicon Organics Inc. (CSE: ROMJ), which recently listed in Canada. He also holds senior independent director positions, including Audit Committee Chair, at Lexington BioSciences Inc. (CSE: LNB) and Balmoral Resources Ltd. (TSX: BAR).
Toby Hall, CEO of MMX, commented:
"As today's final results illustrate, 2018 has been a transformational year for MMX in terms of registration growth and revenue composition, registrations up 37%, and renewal revenues nearly doubling to $9.4m now representing 62% of Group revenue.
"Moving forward, with an increasing emphasis on innovation, it is important that we have the right corporate governance structures in place to support our future development. Bryan will bring a fresh independent perspective and firm guidance to the Board having enjoyed an outstanding career at PwC. I would like to take this opportunity, on behalf of the Board, to welcome Bryan to the Company and look forward to working with him on the continuing success of MMX."
For further information:
Minds + Machines Group Limited
Toby Hall, CEO
Michael Salazar, CFO
Tel: +44 (0) 7713 341072
Tel: +1 (310) 740 7499
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Tel:+ 44 (0) 20 7220 0500
Corporate finance - Stuart Andrews /Carl Holmes/Simon Hicks
Corporate broking - Tim Redfern / Richard Chambers
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Belvedere Communications Limited
Tel: +44 (0) 74 070 23147
Minds + Machines Group Limited (LSE: MMX) is the owner of a world class portfolio of 32 ICANN approved top-level domains (gTLDs). The Company generates revenues through the registration and annual renewal of names by organisations and individuals within each of its top-level domains, sales being processed through the Group's network of global registrar and distribution partners.
The MMX portfolio is currently focused around generic names (e.g. .work, .vip), consumer interest (e.g. .fashion, .wedding), lifediv (e.g. .fit, .surf, .yoga), professional occupations (e.g. .law), and geographic domains (e.g. .london, .boston, .miami, .bayern). In 2018, the Company completed its first acquisition, the ICM portfolio, and recently launched its first innovation based project, .luxe, which combines the strengths of the World Wide Web's naming system with that of blockchain. For more information on MMX and its rapidly growing renewal base, please visit www.mmx.co
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.
John Bryan Disher (aged 61) has been a director of the following companies during the five years preceding the date of this announcement:
Lexington BioSciences Inc.
Balmoral Resources Ltd.
Rubicon Organics Inc.
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Mr. Disher does not have an interest in any ordinary shares in the Group.
There is no further information to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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