Aquis Exchange PLC Appointment of Independent Non-executive Director (7087B)
October 12 2020 - 1:00AM
UK Regulatory
TIDMAQX
RNS Number : 7087B
Aquis Exchange PLC
12 October 2020
12 October 2020
Aquis Exchange PLC
("Aquis" or the "Company")
Appointment of independent non-executive director
Aquis Exchange PLC (AQX.L), the exchange services group, is
pleased to announce that it has appointed Deirdre Somers to its
Board as an independent non-executive director.
Deirdre has 23 years of stock exchange experience across both
primary and secondary markets. She was Chief Executive Officer of
the Irish Stock Exchange from 2007 to 2018, leading its
transformation from a relatively small domestic equity exchange to
a highly profitable plc with global specialisms, culminating in its
sale in March 2018 to Euronext NV. Deirdre stepped down as CEO of
Euronext Dublin in September 2018 and has held a position as an
independent non-executive director & audit committee member for
BlackRock iShares since April 2019.
Deirdre has a deep knowledge of EU market structure and market
regulation. She was President of the Federation of European
Securities Exchanges (FESE) between 2015 and 2018 and she is also a
fellow of the Institute of Chartered Accountants in Ireland.
Commenting on the appointment, Niki Beattie, Chair of Aquis,
said:
"Deirdre is a true expert in public market structure, regulation
and products, with a particular strength in European markets . Her
experience will be extremely valuable to Aquis as we continue on
our journey to become t he leading exchange services group in
Europe. It is a testament to the growing profile of Aquis that we
have been able to attract a candidate of such quality to our Board.
"
Deirdre Somers added:
"It is clear to me that Aquis Exchange has great potential, not
only for further growth and development, but also to bring further
competition, transparency and venue choice to European Markets.
"I hope that my background in steering an exchange group through
a period of intense change and volatility whilst increasing its
earnings and instilling a strong culture will serve Aquis well. I
look forward to supporting the Company on its exciting growth
trajectory."
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules, Deirdre Mary
Somers, aged 54, holds or has held the following directorships and
partnerships during the five years preceding the date of this
announcement:
Current Directorships
BlackRock Alternatives Funds ICAV
BlackRock Fixed Income Dublin Funds Plc
BlackRock Funds I ICAV
BlackRock Infrastructure Funds ICAV
BlackRock Infrastructure Funds Plc
BlackRock Institutional Pooled Funds Plc
Institutional Cash Series Plc
iShares Plc
iShares II Plc
iShares III Plc
iShares IV Plc
iShares V Plc
iShares VI Plc
iShares VII Plc
Kenmare Resources Plc
Previous Directorships held in the last five years
LSE Oldco Limited
Traders In The Area Supporting The Cultural Quarter Company
Limited
The Irish Stock Exchange Plc
Euronext N.V.
Federation of European Securities Exchanges
Enquiries:
Aquis Exchange PLC Tel: +44 (0) 20 3597 6321
Alasdair Haynes, CEO
Jonathan Clelland, CFO and COO
Belinda Keheyan, Head of Marketing +44 (0) 7768 078 110
Liberum Capital Limited (Nominated Adviser and Broker) Tel: +44 (0) 20 3100 2000
Clayton Bush
Chris Clarke
Edward Thomas
Kane Collings
Alma PR (Financial PR Adviser) Tel: +44 (0)20 3405 0209
Rebecca Sanders-Hewett aquis@almapr.co.uk
Caroline Forde
Susie Hudson
Notes to editors:
Aquis Exchange PLC is an exchange services group, which operates
a pan-European cash equities trading business (Aquis Exchange) and
develops and licenses exchange software to third parties (Aquis
Technologies).
Aquis Exchange PLC (AQX.L) is quoted on the London Stock
Exchange's Alternative Investment Market (AIM).
Aquis Exchange is authorised and regulated by the UK Financial
Conduct Authority and France's Autorité des Marchés Financiers to
operate Multilateral Trading Facility businesses in the UK and in
EU27 respectively.
Aquis operates a lit order book and does not permit aggressive
non-client proprietary trading, which has resulted in lower
toxicity and signalling risk on Aquis than other trading venues in
Europe. According to independent studies, trades on Aquis are less
likely to lead to price movement than on other lit markets. Aquis
applies a subscription pricing model which works by charging users
according to the message traffic they generate, rather than a
percentage of the value of each security that they execute. This
model can significantly reduce the cost of trading.
Aquis Technologies is the software and technology division of
Aquis Exchange PLC. It creates and licenses cutting-edge,
cost-effective matching engine and trade surveillance technology
for banks, brokers, investment firms and exchanges.
Aquis Stock Exchange (AQSE) is a UK-based stock market providing
primary and secondary markets for equity and debt products. It is
permissioned as a Recognised Investment Exchange, which allows it
to operate a regulated listings venue.
For more information, please go to www.aquis.eu and
www.aquis.technology
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