Sabien Technology Group PLC Directorate Change (2120S)
November 05 2019 - 1:00AM
UK Regulatory
TIDMSNT
RNS Number : 2120S
Sabien Technology Group PLC
05 November 2019
For immediate release
5 November 2019
Sabien Technology Group plc
("Sabien" or the "Company")
Board change
The Board of Sabien announces that Alan O'Brien, Sabien's
founder, is resigning his role as Chief Executive of the Company
and has resigned from the Board with immediate effect from
today.
It is likely that the Company will continue to work with Alan
from time-to-time on special projects.
Following Alan's departure from the Company, Non-executive
Chairman, Richard Parris, will become Executive Chairman and Chief
Operations Officer, David Bakst, will be promoted to Managing
Director (non-Board). Both positions will held be on an interim
basis pending the outcome of a business review.
Richard Parris, Chairman said, "On behalf of the Board, I would
like to thank Alan for his stewardship during what has been a
challenging period for the Company and for his significant
contribution as Chief Executive of Sabien over the last twelve
years".
Alan O'Brien said, "Now that the company is entering a new phase
I believe it is "the right moment" to step away from the role of
CEO to pursue other entrepreneurial opportunities. I intend to
remain a shareholder of the Company and wish our clients,
shareholders and especially the operational team at Sabien, the
very best for the future."
A copy of this announcement is available on the Company's
website at http://www.sabien-tech.co.uk
For further information please contact:
Sabien Technology Group plc +44(0)20 7993
Richard Parris 3700
Beaumont Cornish Limited (Nominated Advisor)
Michael Cornish and Roland Cornish +44(0)20 7628
www.beaumontcornish.com 3396
Peterhouse Capital Limited (Broker) +44(0)20 7469
Duncan Vasey and Lucy Williams 0930
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014. The person who arranged for the
release of this announcement on behalf of the Company was Richard
Parris, Executive Chairman.
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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