Oscillate Plc Board Changes and Strategy Update

 
TIDMMUSH 
 
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO 
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION 
(EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS 
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS 
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 
 
Oscillate Plc 
 
AQSE: MUSH 
 
("Oscillate" or the "Company") 
 
BOARD CHANGES AND STRATEGY UPDATE 
 
Board Changes 
 
The Company is pleased to announce the appointment of Steven ("Steve") Wayne 
Xerri as an executive director with immediate effect. Steve Xerri currently 
holds 10,128,987 ordinary shares in the Company, representing 4.81% of the 
issued share capital in the Company. 
 
Steve Xerri is a professional investor with over 10 years of experience in 
raising funds for both private and publicly listed UK companies. Mr Xerri has 
over 30 years of experience in the aviation industry and has previously held 
several significant management roles, including serving as the airfield manager 
of Heathrow Airport, where he was responsible for managing the day-to-day 
operations of the airport. 
 
The Company also announces that Fungai Ndoro has stepped down from the board of 
directors with immediate effect. The Company wishes to thank Ms Ndoro for her 
dedicated service to the Company. 
 
Further information on Steve Xerri (aged 52): 
 
Steve Xerri has no current or previous directorships. Except as set out above, 
there is no further information regarding Steve Xerri that is required to be 
disclosed pursuant to Rule 4.9 of the Aquis Growth Market Access Rulebook. 
 
Refocused Investment Strategy 
 
The Company intends to focus on the special situation's element of its 
investment strategy, as outlined in the Company's October 2020 General Meeting 
shareholder circular. In particular, the Company will be an active investor in 
situations where it can make a clear contribution to the progress and 
development of the investment, through acquiring meaningful share holdings and 
being able to effect board changes. The Company will also seek a transaction 
that may constitute a reverse takeover. 
 
The Company anticipates that through the next phase of market development, that 
small to medium scale opportunities will become available to the Company during 
the screening process. 
 
Steve Xerri commented: "As the markets have moved, the Company has moved to 
directly align itself to what it believes is a strategic approach to effective 
management of resources and carefully deploying these funds at appropriate times 
and junctures will ensure that Oscillate PLC is positioned for growth gains." 
 
"I am very much looking forward to the future challenges and bringing my skills 
to bear for all shareholders and the desire to strive for the value which we 
deserve." 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
Enquiries 
 
Company: 
John Treacy 
ir@oscillateplc.com 
 
https://oscillateplc.com 
 
Corporate Adviser: 
Peterhouse Capital Limited 
Guy Miller & Heena Karani 
Telephone: +44 (0) 20 7220 9796 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/oscillate-plc/r/board-changes-and-strategy-update,c3879395 
 
 
END

(END) Dow Jones Newswires

November 21, 2023 02:00 ET (07:00 GMT)

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