TIDMBKS

RNS Number : 6003J

Beeks Financial Cloud Group PLC

23 December 2020

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Board Appointment

23 December 2020 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, is pleased to announce the appointment of Kevin Covington to the Board as an independent Non-Executive Director effective from 4 January 2021.

Kevin has had more than 30 years' experience working internationally in the financial services industry for both vendors and banks, with a particular focus on M&A and advisory. Kevin currently runs a boutique advisory firm, Change Alley, which helps develop and grow organisations in the fintech sector. Kevin also acts as an adviser and mentor to a number of companies in the sector, including Adaptive Financial Consulting, KA2, Enyx and, prior to its acquisition by Beeks, Velocimetrics. Previous positions include CEO of a VC backed Australian technology company, Metamako, which was acquired by Silicon Valley based Arista Networks in late 2018 and CEO at technology company ITRS Group Limited. For a number of years Kevin has been ranked in the top 40 most influential people in Trading Technology by the Institutional Investor Magazine.

Commenting on the appointment, Beeks CEO Gordon McArthur said, "Kevin brings with him a wealth of industry knowledge and experience, having held a number of senior roles in the fintech space and I believe he will be a valuable addition to the Group as we seek to deliver secure cloud solutions to a growing global customer base. On behalf of the Board, I welcome Kevin to Beeks and look forward to working with him."

AIM Disclosures

The following details in relation to the appointment of Mr Kevin John Covington (aged 61) are disclosed in accordance with Schedule 2(g) of the AIM Rules:

 
 Current directorships          Past directorships held within 
                                 last 5 years 
 Change Alley Limited           Revelere International UK Limited 
                               ---------------------------------- 
 Crown Jewels Consultants LTD   Delta Capita LTD 
                               ---------------------------------- 
                                Metamako Europe Limited 
                               ---------------------------------- 
                                Blc Research Advisors LLP 
                               ---------------------------------- 
                                Speakerbus Group PLC 
                               ----------------------------------

Kevin does not currently hold any shares in the Company.

For further information please contact:

 
 Beeks Financial Cloud Group plc 
 Gordon McArthur, CEO               via Alma PR 
 Fraser McDonald, CFO 
                                    +44 (0)20 7523 
 Canaccord Genuity                   8000 
 Adam James / Angelos Vlatakis 
 Alma PR                            +44(0)20 3405 0212 
 Caroline Forde / Helena Bogle / 
  Josh Royston

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a leading cloud computing, connectivity and analytics provider for financial services. Our cloud-based Infrastructure-as-a-Service (IaaS) model allows financial organisations the flexibility and agility to deploy and connect to a variety of exchanges, trading venues and cloud service providers at a fraction of the cost of building their own networks and infrastructure. Based in the UK with an international network of 18 datacentres, Beeks supports its global customers at scale in the leading financial centres.

For more information, visit: www.beeksfinancialcloud.com

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