This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.
16 April 2018
ECSC Group plc
("ECSC" or the "Company")
Further to the announcement of 5th April 2018 the board of ECSC is pleased to announce the appointment of Elizabeth Gooch MBE as a Non-Executive Director, with immediate effect. Elizabeth was CEO of EG Solutions plc taking the business from its founding in 1988 through to its ultimate sale to Verint Systems Inc. in 2017.
In addition, the following board and management changes have been implemented: Ian Mann rejoins the board as an Executive Director, with immediate effect, whilst Steve Hammell, CFO, and Steve Vaughan, Non-Executive Director, resigned from the board, on 13th April 2018. Lucy Sharp, previously the COO of the Company and an Executive Board Director, has been appointed to serve as interim CEO and David Mathewson, Non-Executive Chairman, will oversee the finance function whilst a review of the business is completed.
The board has a clear objective of returning the business to a significant growth trajectory and is delighted that Elizabeth Gooch will be bringing her expertise to bear during this process. The board continues to believe that ECSC can be a successful growth company in the cyber security sector and will be working to ensure the Company achieves its market potential.
David Mathewson commented, "I am delighted to have someone of the stature and relevant experience of Elizabeth joining us. I would also like to take this opportunity to thank Steve Vaughan and Steve Hammell for their significant contribution to the Company."
The information required by Schedule 2 paragraph (g) of the AIM Rules for Companies in respect of Elizabeth Gooch and Ian Mann is set out in the Appendix.
ECSC Group plc
David Mathewson (Chairman)
+44 (0) 1274 736 223
Stockdale Securities (NOMAD and Broker)
+44 (0) 20 7601 6100
Regulatory disclosures (in accordance with Rule 17 and Schedule Two, paragraph (g), of the AIM Rules for Companies):
Elizabeth Ann Gooch, aged 57, is, or has been during the last five years, a director of the following companies:
Athene Value Creation Solutions Limited
Athene VCS Limited
Athene Venture Capital Solutions Limited
Mitton Manor Gardens Limited
Mitton Manor Limited
Tech Growth Factory Limited
EG International Limited
EG Solutions EBT Limited
EG Solutions Group Limited
EG Solutions Limited (Previously EG Solutions Plc)
Ian Charles Mann, aged 50, has been a director of the following companies during the last five years:
ECSC Australia Limited
ECSC Group Plc
ECSC Labs Limited
ECSC Services Limited
Ian Mann is a member of the Mann Concert Party, as defined in the Company's Admission Document, and has an interest in 1,698,690 ordinary shares in the capital of the Company, equivalent to 18.7%. Ravinder Mann, the wife of Ian Mann, holds a further 1,719,068 ordinary shares representing 18.9% of the Company's share capital.
No further disclosures are required under Rule 17 and Schedule Two, paragraph (g), of the AIM Rules for Companies.
Notes to Editors
ECSC is a proven provider of cyber security services with a blue-chip client base that offers a comprehensive range of solutions.
The Company has over 16 years' experience in the design, implementation and management of cyber security solutions. ECSC's consultancy-led approach, and its combination of custom methodologies and in-house proprietary technologies, enables the Company to provide individually tailored services to its clients. The Company has significant intellectual property, including bespoke products delivering remotely managed cyber security services and custom-made internal support and delivery systems.
This information is provided by RNS