TIDMDVRG

RNS Number : 0663I

Deepverge PLC

02 August 2023

2 August 2023

DeepVerge plc

("DeepVerge" or "the Company" or "the Group")

Board Change

Andrew Waters has resigned as Chief Financial Officer and as a Director of the Company. A replacement will be appointed in due course.

Dr Nigel Burton, interim CEO DeepVerge plc, commented:

"I'd like to thank Andrew for his significant contribution since joining the company in February 2023. Under difficult circumstances he led the process of identifying and correcting the material mis-statements of revenues by previous management as announced on 17 April 2023 and subsequent efforts to support the board in providing information to potential buyers of parts of the business. We wish him well in the future."

 
                            Nigel Burton, Interim 
 DeepVerge plc               CEO                     +44 (0) 7785 234447 
 SPARK Advisory Partners 
  Limited                                            +44 (0) 113 370 
  (Nominated Adviser)       Neil Baldwin              8974 
                           -----------------------  -------------------- 
 Turner Pope Investments    Andy Thacker/James       +44 (0) 20 3657 
  (TPI) Limited (Broker)     Pope                     0050 
                           -----------------------  --------------------

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END

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(END) Dow Jones Newswires

August 02, 2023 04:35 ET (08:35 GMT)

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