14 October 2024
LEI:
213800OTQ44T555I8S71
Augmentum
Fintech plc
Appointment
of William Reeve as
Chairman
The Board of Augmentum
Fintech plc
("the Company" or "Augmentum"),
Europe's leading publicly listed fintech fund,
announces the appointment of William
Reeve as an Independent Non-Executive Director of the
Company and Chairman of the Board, with effect from
1 November
2024. He will also serve on the Company's Nominations,
Audit, Valuations and Management Engagement & Remuneration
Committees.
William has extensive experience in the technology sector, both as
an investor and an operator. He co-founded three technology-related
businesses: Fletcher Research (acquired by Forrester Research),
LOVEFiLM.com (acquired by Amazon), and Secret Escapes. His
experience spans all stages of the company growth lifecycle,
including non-executive director and chair positions of startups,
private equity backed businesses and publicly listed companies
alike. He is a former non-executive chair of Nutmeg (leading the
sale to JP Morgan), Graze.com (leading the sale to a Carlyle fund)
and Media Ingenuity, as well as non-executive director of numerous
other businesses including Paddy
Power plc and Zoopla.
William is currently CEO of proptech company Goodlord and a
non-executive director of retailer Dunelm Group plc (where he
serves as Senior Independent Director and chairs the Remuneration
Committee), from which position he is due to retire on 21 November 2024 after 9 years.
David Haysey, acting Chairman of
Augmentum, commented: "I am delighted to welcome William as our new
Chairman. He brings a powerful combination of expertise as a
successful technology entrepreneur who also has significant
experience as a non-executive director of public and private
companies. We believe his familiarity with the fintech landscape
and extensive investment network will make an important
contribution to taking the Company to the next level of its
development."
Tim Levene, CEO of Augmentum Fintech
Management Limited, commented: "It is with great enthusiasm that we
welcome William to Augmentum. His exceptional track record as a
tech entrepreneur and deep expertise in the sector will be
instrumental as we accelerate our growth strategy. William's proven
leadership and innovative vision will bring a fresh perspective and
strategic value as we navigate new opportunities and expand our
market presence. We look forward to leveraging his insights to
drive long-term success."
In relation to disclosures required in respect of paragraph 6.4.8R
of the Financial Conduct Authority's United Kingdom Listing Rules,
William was co-CEO and an Investor Director in Hubbub
Deliveries Ltd, an online groceries startup based in London, which entered into creditors'
voluntary liquidation in May 2017 and
was dissolved in April
2019.
Contacts:
|
Augmentum
Fintech
Tim Levene
(Portfolio Manager)
Georgie
Hazell Kivell (Investor Relations)
|
+44 (0)20
3961 5420
georgie@augmentum.vc
|
|
Quill
PR
Nick
Croysdill, Sarah Gibbons-Cook
(Press and
Media)
|
+44 (0)20
7466 5050
press@augmentum.vc
|
|
Peel
Hunt LLP
Liz Yong,
Huw Jeremy
(Investment
Banking)
|
+44 (0)20
7418 8900
|
|
Singer
Capital Markets
James
Moat, James Fischer
(Investment
Banking)
|
+44 (0)20
7496 3000
|
|
Frostrow
Capital LLP
Paul
Griggs (Company Secretary)
|
+44 (0)20
3709 8733
|
About
Augmentum Fintech
Augmentum
invests in fast growing fintech businesses that are disrupting the
financial services sector.
Augmentum
is the UK's only publicly listed investment company focusing on the
fintech sector in the UK and wider Europe.
The
Company launched on the main market of the London Stock Exchange in
2018, giving businesses access to patient capital and support
unrestricted by conventional fund timelines and provides public
markets investors access to a largely privately held investment
sector during its main period of
growth.
