CLCO Cloudcoco Group Plc

TIDMAD4

RNS Number : 7534Z

adept4 plc

04 September 2018

Adept4 plc

("Adept4", the "Group" or the "Company")

Board Changes

Adept4 (AIM: AD4), the AIM quoted provider of IT as a Service, today announces that Nick Deman will step down from his position as Interim Finance Director on 30 September 2018, to coincide with the end of the current financial year. Following Nick's departure, the role of CFO will be fulfilled by Jill Collighan, currently Executive Director of the Company. Jill has over 15 years' experience as a CFO of AIM listed businesses and is also CFO of MXC Capital Limited, the Company's majority shareholder,

Simon Duckworth, Non-Executive Chairman, commented:

"Whilst the role was always intended to be provided on an interim basis, we have particularly enjoyed working with Nick during his time with us, during which he has successfully helped us manage a number of key projects. We would like to place on record our thanks to him, and wish him equal success in future roles."

For further information please contact:

 
   Adept4 plc 
    Simon Duckworth, Non-Executive Chairman                       01925 398 255 
 
     N+1 Singer (Nominated Adviser and 
     Broker) 
     Shaun Dobson / Jen Boorer                                      020 7496 3000 
 
     MXC Capital Markets LLP 
     Charlotte Stranner                                             020 7965 8149 
 

This announcement contains inside information.

About Adept4

Adept4 delivers IT as a service to small and medium sized businesses across the UK. IT as a Service (ITaaS) provides you with exactly the amount of technology and support you need in accordance with business requirements, billed on a monthly basis, based on what is consumed.

Critically we underpin this delivery method with a 24 x 7 UK response team, strategic consulting, professional services and software development to provide exactly what organisations need from IT at any given time. Whether an infrastructure is based on legacy or emerging technologies we will ensure organisations have the flexibility, agility and cost efficiencies required to run their business effectively, all through a single trusted provider.

Adept4 is a public company quoted on the AIM market of the London Stock Exchange. The Company is headquartered in Warrington, with offices in Leeds, Aberdeen, and Brighton.

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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