DeepMatter Group PLC Directorate Changes (3991C)
October 19 2020 - 1:00AM
UK Regulatory
TIDMDMTR
RNS Number : 3991C
DeepMatter Group PLC
19 October 2020
19 October 2020
DeepMatter Group plc
("DeepMatter", the "Company" or "the Group")
Directorate Changes
Appointment of Non-Executive Chair and Chief Financial
Officer
DeepMatter (AIM: DMTR), the AIM-quoted company focusing on
digitising chemistry, is pleased to announce two appointments to
the Board, effective on 1 November 2020. Karen Bach will join as
Non-Executive Chair and Fraser Benson will join as Chief Financial
Officer.
Karen Bach brings significant public and private technology
expertise, particularly focused on helping young technology
businesses deliver on their growth potential, with an understanding
of the life sciences through her Non-Executive Directorship at
Datapharm Ltd. This is coupled with a strong financial background,
having held the CFO role at growing technology businesses; IXEurope
Plc, ACS Plc and Kewill Plc; and with blue chip multi-nationals
including EDS France, MCI WorldCom, General Motors and Ernst &
Young. Karen is currently Chair of Amino Technologies Plc and
Consult Red Ltd and Non-Executive Director of Escape Hunt Plc. As
well as advising businesses, Karen is a member of the 30% Club,
which supports boards to appoint more female directors and increase
the pipeline of upcoming female talent at board and senior
management levels.
Karen has confirmed she intends to subscribe for 500,000 new
ordinary shares in the Company at a price of 2.5p per share, prior
to her starting date. A further announcement in relation to the
subscription will be issued in due course.
Fraser Benson has 17 years of accounting experience and
significant exposure to fast-growing software businesses having
worked at Tradeweb Inc., a NASDAQ listed electronic fixed income
and derivatives trading platform, for eight years, latterly as
Finance Director, Europe and Asia, supporting the Group's
international growth. Previous experience includes working with a
range of organisations from FTSE 100 companies through to Venture
Capital backed businesses across multiple sectors.
Fraser succeeds Lauren Lees, who stood down from the board of
directors effective from today. Having seen the Company through to
commercialisation, the Board thanks Lauren for her contribution to
DeepMatter and wishes her all the very best for the future.
Mark Warne, Chief Executive Officer of DeepMatter commented: "I
am delighted to welcome Karen and Fraser to the Board as
Non-Executive Chair and Chief Financial Officer, respectively.
Karen's wealth of experience in working with growth companies,
as well as her enthusiasm in the technology sector, resonates with
our long-term strategic goal to digitise chemistry while Fraser's
experience of working in fast growth businesses means that he has
skills and knowledge to share with DeepMatter. We look forward to
working with Karen and Fraser as we scale up the business and enter
new territories."
The following information regarding the appointment of Karen
Bach, aged 50, is disclosed under Schedule 2(g) of the AIM Rules
for Companies:
Current directorships and/or Former directorships and/or
partnerships partnerships (within the last
five years):
Purnoma Ltd Red Arc (TP) Limited
Amino Technologies Plc Red Arc Developments Limited
Escape Hunt Plc eLearning-Foundation (also known
Datapharm Ltd as Learning Foundation Limited
Red Embedded Consulting Ltd and Learning Foundation)
KalliKids Ltd
KK Cura Ltd
IXCellerate Ltd
KRM22 Central Ltd
KRM22 Development Ltd
Sleeping Lamp Ltd
KRM22 Plc
----------------------------------
Karen was a director of GalaxyLife Limited, which was a company
that entered liquidation.
Fraser Benson, aged 41, holds no other current directorships,
nor has he held a directorship during the five years prior to his
appointment. He holds no interest in ordinary shares of the
Company. There are no further disclosures to be made in accordance
with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for
Companies.
For more information, please contact:
DeepMatter Group plc T: 0141 548 8156
Mark Warne, Chief Executive Officer
C anaccord Genuity Limited (Nominated
Advisor and Broker) T: 020 7523 8000
Bobbie Hilliam / Angelos Vlatakis
Alma PR T: 020 3405 0205
Caroline Forde / Harriet Jackson / Kieran deepmatter@almapr.co.uk
Breheny
About DeepMatter Group plc
DeepMatter's long term strategy is to integrate chemistry with
technology, thereby enabling a greater use of artificial
intelligence and reaching a point where chemicals can be
autonomously synthesised through robotics. In the near term this
involves the provision of an integrated software, hardware and
artificial intelligence enabled platform, DigitalGlassware(TM), to
scientists across research and process development sectors.
The DigitalGlassware(TM) platform allows chemistry experiments
to be accurately and systematically recorded, coded and entered
into a shared data cloud. The platform is designed to enable
chemists to work together effectively; sharing the details of their
experiments from anywhere and in real-time, so that work is not
needlessly duplicated, time and money wasted, and ultimately so new
discoveries may be made faster.
Visit: www.deepmatter.io and follow @deepmattergroup
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END
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