28 June 2024
This announcement contains
information which, prior to its disclosure, was inside information
as stipulated under Regulation 11 of the Market Abuse (Amendment)
(EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public
domain.
CEL AI plc
("Cel AI"
or the "Company")
Changes in board
composition
Cel AI (LSE: CLAI), a company
specialising in cutting-edge artificial intelligence (AI) to
deliver tailored beauty advice and product recommendations as well
as next-generation skincare and wellness products, announces that
Bruna Nikolla has resigned as Chief Financial Officer and Executive
Director and Timothy Le Druillenec has resigned as Executive
Director of the Company, both with immediate effect.
The Board would like to take this
opportunity to thank Bruna Nikolla and Timothy Le Druillenec for
their contribution to the Company and wish them well for the
future.
The Company is also pleased to
announce that Nicholas Lyth has been appointed as executive
director and Chief Financial Officer. The appointment will take
effect immediately.
Nicholas Lyth is a UK-based,
experienced finance director and qualified accountant with
extensive experience advising quoted companies including AIM-listed
companies Univision Engineering Ltd, Altona Energy plc and Taihua
plc and AQSE-listed companies Phoenix Digital Asset plc, Supernova
Digital Assets plc, File Forge Technology plc and Ora Technology
plc. For two years, Mr. Lyth was Group Finance and Purchasing
Director of Belle Group, a manufacturer of engineering equipment
operating across Europe, the US and Asia. He was also Head of
Finance at Fothergill Group, a UK manufacturer of technical
industrial fabrics, between 1996 and 2003. In his early career,
Nick was a management accountant at Courtaulds plc and Rotunda
plc.
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Current directorships and/or
partnerships:
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Former directorships and/or
partnerships (within the last five years):
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Aquis Stock Exchange listed
companies:
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Phoenix Digital Assets plc
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Supernova Digital Assets plc
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File Forge technologies plc
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Ora Technology plc
London Stock exchange listed
companies:
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Streaks AI plc
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Mustang Energy plc
Private:
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Dark Peak Consulting Ltd
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London Carbon Exchange Ltd
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Carbon Technologies Ltd
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Cykel AI plc
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Aquis Stock Exchange listed
companies:
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ChallengerX plc
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Kondor AI plc
Private:
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Food Forward Global Operations Plc
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Were LR 9.6.13 to apply to the
Company, there would be no further information to
disclose.
Following these changes, the
composition of the Board is as follows: Mike Edwards is CEO and
Chairman, Nicholas Lyth is Chief Financial Officer; and Misha Sher
and Matthew Lodge are Non-Executive Directors.
The directors of Cel AI accept
responsibility for this announcement.
For further information please
contact:
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Cel
AI
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Michael Edwards
Director
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via
FSCF +44 7572 873 300
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First Sentinel Corporate Finance (FSCF)
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Investor Relations
Emily Warrilow
ir@getcel.ai
Media Relations
Emily Warrilow
media@getcel.ai
Corporate Broker &
Advisor
Brian Stockbridge
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+44
7572 873 300
+44
7572 873 300
+44
7858 888 007
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