Allied Minds PLC Directorate Change (7163P)
May 31 2018 - 1:00AM
UK Regulatory
TIDMALM
RNS Number : 7163P
Allied Minds PLC
31 May 2018
Allied Minds appoints Fritz Foley as an Independent
Non-Executive Director
Directorate Change
Appointment of Independent Non-Executive Director
Boston, MA (31 May 2018) - Allied Minds plc (LSE: ALM) today
announces the appointment of Fritz Foley as an Independent
Non-Executive Director.
Fritz Foley is the André R. Jakurski Professor and Senior
Associate Dean for Strategic Financial Planning at Harvard Business
School (HBS) where his research focuses on corporate finance. Prior
to joining the HBS faculty in 2004, he taught at the University of
Michigan Business School. He has published papers on investment,
capital structure, working capital management, dividend policy,
joint ventures, intellectual property, and corporate tax policy,
and has advised firms in technology, biotech, retail, health care,
professional services, and other industries on financial matters
and strategic choices. He has also served as a trustee for several
nonprofit organizations.
Peter Dolan, Chairman of Allied Minds, commented "We are
delighted to welcome Fritz Foley to the Board of Allied Minds. His
insights and network as a highly respected corporate finance
specialist will be invaluable to the Board."
Fritz Foley commented "I look forward to working with the Board
and leadership team at Allied Minds and applying my academic
experience for the benefit of its subsidiaries as they focus on
exploiting the commercial potential of US academic
breakthroughs."
There are no further details in relation to Mr Foley's
appointment which require disclosure pursuant to paragraph 9.6.13
of the Listing Rules of the Financial Conduct Authority.
Mr Foley gained his Ph. D. in Business Economics from Harvard
University and his B.A. in Ethics, Politics, and Economics from
Yale University.
ENDS
For more information, please contact:
Allied Minds plc +1 617 419 1800
Neil Pizey, Head of Corporate IR@alliedminds.com
Development
FTI Consulting
Ben Atwell / Brett Pollard +44 20 3727 1000
About Allied Minds
Allied Minds plc is an IP commercialisation company focused on
technology and life sciences. With extensive access to U.S. federal
government laboratories and universities, as well as partnerships
with leading U.S. corporations, Allied Minds forms, funds, and
operates a portfolio of companies with the objective of delivering
successful liquidity events that will generate attractive long-term
returns for its investors and stakeholders. Allied Minds supports
its businesses with capital, resources, and expertise.
Allied Minds Forward-Looking Statement
This press release contains statements that are or may be
forward-looking statements, including statements that relate to
Allied Minds' future prospects, developments and strategies. The
forward-looking statements are based on current expectations and
are subject to known and unknown risks and uncertainties that could
cause actual results, performance and achievements to differ
materially from current expectations, including, but not limited
to, those risks and uncertainties described in the risk factors
included in Allied Minds' regulatory filings. These forward-looking
statements are based on assumptions regarding the present and
future business strategies of Allied Minds and the environment in
which it will operate in the future. Each forward-looking statement
speaks only as at the date of this press release. Except as
required by law, regulatory requirement, the Listing Rules and the
Disclosure Guidance and Transparency Rules, neither Allied Minds
nor any other party intends to update or revise these
forward-looking statements, whether as a result of new information,
future events or otherwise.
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 rns@lseg.com or visit www.rns.com.
END
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