9 April 2024
Synectics plc
("Synectics" or the
"Company")
Board Appointment
And
Grant of Options
Synectics plc (AIM: SNX), a leader
in advanced security and surveillance systems, today announces that
Bob Holt OBE will be appointed as its Non-Executive Chair
immediately following the conclusion of its annual general meeting
("AGM") to be held on 24 April 2024.
Bob Holt will replace Steve Coggins
who will retire from the Board immediately following the conclusion
of the AGM. Steve has served as a Non-Executive Director of the
Company since January 2005, and as Interim Chair since October
2023.
Bob is a highly accomplished
executive with over 35 years' experience in senior leadership roles
across various sectors, including Revolution Beauty, Sureserve
Group Plc, and Mears Group PLC, where he guided the company through
its successful IPO on AIM and played a pivotal role in establishing
Mears as a market leader in its sector. Bob was
awarded an OBE for his significant contributions to charity, having
founded both The Footprints Foundation to support vulnerable
individuals, both locally and internationally, and The Holt Trust,
which provides grants to disabled and able-bodied young people
under 25, helping them overcome barriers to achieving their full
potential in amateur sports.
Upon his appointment, Bob will be granted
options over, in aggregate, 350,000 ordinary shares of 20 pence
each in the Company which would vest on 31 March 2027 depending on
the performance of the Company's share price.
Paul Webb, CEO
of Synectics, commented:
"On behalf of
the Board, I would like to welcome Bob to the Company and look
forward to his support in realising our strategic ambitions for the
business.
"I would also
like personally to thank Steve for his unwavering commitment to
Synectics over many years."
Further information in accordance with Rule 17
and paragraph (g) of Schedule Two of the AIM Rules for Companies
(the "AIM Rules") is set out at the end of this
announcement.
For further
information, please contact:
|
Synectics
plc
Paul Webb, Chief Executive Officer
Amanda Larnder, Chief Financial
Officer
Claire Stewart, Company Secretary
info@synecticsplc.com
|
Tel: +44 (0) 114 280 2828
|
|
Shore
Capital
Tom Griffiths / David Coaten / Rachel
Goldstein
|
Tel: +44 (0) 20 7408 4090
|
|
Vigo
Consulting
Jeremy Garcia / Fiona Hetherington / Aisling
Fitzgerald
synectics@vigoconsulting.com
|
Tel: +44 (0) 20 7390 0230
|
Appendix - AIM Rule 17
Save for the information set out
above and below, there are no further disclosures to be made in
accordance with Rule 17, Schedule Two (g) of the AIM Rules in
respect of the appointment of Robert "Bob" Holt, aged 69. Bob does
not hold an interest in the Company's share capital.
Current
Directorships/Partnerships
Airfriendly Limited
Business Strategy LLP
Coal Hole Limited
EARNZ Plc
Global Trees
Leadership Today Limited
Nylah's Enterprises Limited
The Logical Utilities Company Limited
Past
Directorships/Partnerships (within 5 years)
Arbed Am Byth Limited
Revolution Beauty Group Plc
Revolution Beauty Holdings Limited
Revolution Beauty Labs Limited
Revolution Beauty Limited
Revolution Beauty Nominees Limited
Revolution Beauty UK Holdco Limited
Seneca Partners Limited
Senone LLP
Sureserve Compliance Services Limited
Sureserve Design & Build Limited
Sureserve Energy Services Limited
Sureserve Group Limited
Sureserve Holdings Limited
Sureserve VGS Limited
The Mears Foundation
Totally Plc
In addition, Bob is Trustee and Chair of The
Footprints Foundation and The Holt Trust.