TIDMMPM
RNS Number : 3446G
mporium Group PLC
23 July 2019
Mporium Group plc
("Mporium", the "Company" or the "Group")
Directorate Changes and Update on Strategy
Board Changes
Mporium Group plc (AIM: MPM) is pleased to announce the
appointment of Tom Smith as Chief Executive Officer to succeed
Nelius De Groot, who will step down as Chief Executive Officer but
remain with the Company as a Non-Executive Director until the end
of August 2019.
Tom's appointment to the Board will be effective immediately.
Tom has worked with the Mporium Group, and previously Fast Web
Media, since January 2008. In this time, he has been responsible
for the strategy and operations of the Group. Tom became Head of
MporiumX on its launch in November 2018 and has been Managing
Director of the Group since June 2019. This aligns with the
Company's increasing strategic focus on the market opportunity for
its MporiumX division.
The Company is also pleased to announce the appointment of
Charles Pendred as Independent Non-Executive Chairman of the
Company, also with immediate effect. Charles has over 35 years'
experience in equity capital markets having previously worked at
Montagu Loebl Stanley, Garban Securities and notably, the Head of
ICAP Securities. Charles has over 20 years' experience as a
Non-Executive Director and is currently Non-Executive Director of
the Orwell Group, a technology company specialising in the banking
cash management function.
In addition, as set out in the Notice of AGM sent to
shareholders on 28 June 2019, Aiden Casey, Non-Executive Director,
will not be standing for re-election at the AGM and will therefore
cease to be a director of the Company following the AGM.
The Company intends to appoint an additional, Independent
Non-Executive Director in due course and will make a further
announcement when appropriate.
Strategy Update
The Company also provides an update regarding the restructuring
of the Group and its areas of focus for new business going forward.
The Company expects the restructuring plan for the Mporium business
to complete by 31 July 2019.
Going forward, the Company has identified three high-growth,
scalable areas in which the business will focus commercial
attention:
-- High value customer acquisition within sports related markets such as streaming and betting
-- Lead generation for the consumer regulation claims market,
such as Packaged Bank Accounts and other financial claims
-- The cost effective licensing of Mporium's IMPACT platform
through a self-service offering that provides valuable real-time
insight and activation capability, using proprietary signal
data
Mporium's Chief Executive, Tom Smith, said:
"In recent months the Company has made encouraging progress with
its restructuring activities and is now emerging with a revised and
well-defined strategy. Moving forwards, the business will be
narrowing its focus to specific areas, including the sports and
consumer regulation sectors, using the pay-for-performance model
that characterised the MporiumX division prior to the
restructure.
"We have every confidence that our leaner business model will
drive growth and, ultimately, deliver greater shareholder value,
and I look forward to supporting and advising the business as we
move into this exciting new phase."
Enquiries
Mporium: 020 3841 8411
Tom Smith, Chief Executive Officer
finnCap: 020 7220 0500
Henrik Persson / Kate Bannatyne (Corporate Finance)
Andrew Burdis (Corporate Broking)
Yellow Jersey PR: 020 3004 9512
Tim Thompson / Annabel Atkins / Joseph
Burgess
Notes to editors
About Mporium
Mporium is a technology company delivering event-driven digital
marketing. Mporium's proprietary technology enables advertisers, to
identify and leverage moments when there are significant changes in
the levels of consumer engagement. MporiumX is the performance-led
moment marketing media trading division of Mporium Group.
Based in the UK, Mporium Group plc is quoted on AIM, the junior
market of the London Stock Exchange plc.
www.mporium.com
The information communicated in this announcement is inside
information for the purposes of Article 7 of EU Regulation
596/2014.
Regulatory Disclosures - Tom Smith
The following disclosures are required regarding Tom's
appointment pursuant to Schedule Two paragraph (g) of the AIM Rules
for Companies:
Full name and age: Thomas James Smith, aged 35
Beneficial shareholdings - Tom holds 1,062,705 Ordinary Shares
representing approximately 0.1% of the Company's issued share
capital. Tom also has 6,250,000 options over Ordinary Shares in the
Company.
Current directorships and partnerships:
Datapowa Limited
Sport Sync Technologies Ltd
No other directorships and partnerships held over the last 5
years
No further disclosure is required under AIM Rule 17 and
paragraph (g) to Schedule Two of the AIM Rules with respect to Tom
Smith.
Regulatory Disclosures - Charles Pendred
The following disclosures are required regarding Charles'
appointment pursuant to Schedule Two paragraph (g) of the AIM Rules
for Companies:
Full name and age: Charles Graham Pendred, aged 65
Beneficial shareholdings - Charles holds 7,300,000 Ordinary
Shares representing approximately 0.7% of the Company's issued
share capital.
Current directorships and partnerships:
Orwell Group Holding Limited
Maxispan Limited
No other directorships and partnerships held over the last 5
years. Mr Pendred is recorded as a director of MF Global UK Limited
in the register of companies at Companies House. Mr Pendred
believes that he resigned from this position (in line with having
resigned from a number of associated companies) over 5 years ago
although, due to a clerical error, this has not been updated in the
records.
No further disclosure is required under AIM Rule 17 and
paragraph (g) to Schedule Two of the AIM Rules with respect to
Charles Pendred.
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END
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July 23, 2019 02:01 ET (06:01 GMT)
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