03 April 2024
Jaywing
Plc
("Jaywing" or "the Company")
Board
Appointments
Further to the announcement made on
4 March 2024, Jaywing is pleased to announce the appointment of
Henry Turcan and David Beck to the Company's board of directors
("Board") as Non-Executive Directors, with immediate
effect.
Henry is a fund manager at Lombard
Odier Asset Management (Europe) Limited. He has been advising and
investing in UK smaller companies for over 20 years and has
extensive experience of assisting public companies in creating
value for all stakeholders. Henry is being appointed as a
representative of Lombard Odier Asset Management (Europe)
Limited1, acting in its capacity
as discretionary investment manager or sub-adviser for and on
behalf of certain funds and accounts managed by it which in
aggregate hold 18.86% of the Company's
issued share capital and 50% of the Company's outstanding Loan
Facility.
David was Chief Executive of Merit
Group Plc, the data and intelligence business, until 31 January
2024, where he led a successful restructuring and turnaround of the
business. Previously David spent over thirty years working in the
marketing communications industry advising large corporates on
strategic reviews and transactions. David is being appointed as a
representative of DSC Investment Holdings Limited ("DSC"), a
Company owned and controlled by Lord Ashcroft, which holds
50% of the Company's outstanding Loan Facility. Under the terms of
the Loan Facility each of DSC and Lombard Odier Asset Management
(Europe) Limited1 is entitled to appoint up to two
representatives to the board of the Company. Lord Ashcroft
also holds 29.91% of the Company's issued share
capital
Ian Robinson, Chairman of Jaywing,
commented:
"I am delighted to welcome Henry
Turcan and David Beck as members of the Board and look forward to
working with them. Their respective backgrounds and experience will
strengthen the Board in its provision of strategic direction and
oversight for the Company as its businesses and prospects continue
to develop".
Disclosures pursuant to Schedule
Two(g) of the AIM Rules:
Henry Arthur
John Turcan, aged 50
The names of all companies and partnerships of
which Henry Turcan, is, or has been a director or partner at any
time in the previous five years are set out below:
Current
directorships or partnerships
|
Previous
directorships or partnerships (in the last five
years)
|
Science in Sport Plc
|
Eland Oil & Gas Limited
|
HAJT Limited
|
Woodbois Limited
|
|
Arena Events Group Limited
|
|
Nanoco Group Plc
|
|
Minds + Machines Group Limited
|
|
Internet Fusion Group Limited
|
Henry Turcan was a former director of Internet
Fusion Group Limited, which appointed administrators on 15 May
2023, within 12 months of Mr Turcan ceasing to be a director. The
most recently available filings indicate that the administration
proceedings remain ongoing.
Mr Turcan does not personally hold any shares in
the Company. However, he is a representative of the funds managed
or sub-advised by Lombard Odier Asset Management group entities,
the Company's second largest shareholder, which currently holds
18.86% of Jaywing's shares in issue.
David Clive
Beck, aged 61
The names of all companies and partnerships of
which David Beck, is, or has been a director or partner at any time
in the previous five years are set out below:
Current
directorships or partnerships
|
Previous
directorships or partnerships (in the last five
years)
|
Tribal Sports Nutrition Limited
|
Merit Group Plc
|
Bell Pottinger Private Limited
|
Vacher Dod Publishing Limited
VDP Limited
|
|
Dods Group Limited
|
|
Merit Data & Technology Limited
|
|
Monitoring Services Limited
|
|
Fenman Limited
|
|
Holyrood Communications Limited
|
|
Total Politics Limited
|
|
Training Journal Limited
|
|
Political Engagement Limited
|
Companies that went into liquidation or
administration whilst David Beck was a director:
Bell Pottinger Private Limited appointed
administrators on 25 September 2017 and entered liquidation on 26
September 2019. The most recently available filings indicate that
the liquidation remains ongoing.
Bell Pottinger (Services) Limited appointed
administrators on 25 September 2017 and was dissolved following
liquidation on 7 January 2020.
Bell Pottinger LLP appointed administrators on
26 September 2017 and entered liquidation on 27 September
2019.
Bell Pottinger Bahrain was liquidated on 31
January 2018.
Mr Beck does not hold any shares in the Company.
However, he is a representative of DSC Investment Holdings Limited,
a Company owned and controlled by Lord Ashcroft, the Company's
largest shareholder, who currently holds 29.91% of Jaywing shares
in issue.
There are no further disclosures
required under the AIM Rules for Companies.
For further information on the
Company, please visit www.jaywing.com or contact:
Note 1: Lombard
Odier Asset Management (Europe) Limited, acting in its capacity as discretionary
investment manager or sub-adviser for and on behalf of certain
funds and accounts managed by it and / or agent of Lombard
Odier Asset Management (USA) Corp ("LOAM USA") acting in its capacity as
discretionary investment manager for and on behalf of certain funds
and accounts managed by it.
Jaywing plc
Christopher Hughes (Company
Secretary)
T: +44 (0)333 370 6500
SPARK Advisory Partners
Limited (Nominated Adviser)
Matt Davis / James
Keeshan
T: +44 (0)20 3368 3552
Turner Pope (Broker)
James Pope / Andy Thacker
T: +44 (0)20 3657 0050