REG - Aferian PLC - Non-Executive Board Changes

AferianAnnouncement

03/07/2024 07:00

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RNS Number : 8786U  Aferian PLC  03 July 2024

3 July 2024

 

AFERIAN PLC

("Aferian" the "Company" or the "Group")

Non-Executive Board Changes

Aferian plc (LSE AIM: AFRN), the B2B video streaming solutions company,
announces the following changes to the Non-Executive Directors on the Board.

Sebastian White, an Investment Director of Kestrel Partners LLP ("Kestrel"),
is appointed as Non-Executive Director with immediate effect. He replaces Max
Royde, a managing partner at Kestrel, who has today stepped down as
Non-Executive Director.

Kestrel is an investment management company specialising in business-critical
software companies, which has a beneficial holding in Aferian of 28,851,736
shares, or 25.94% of the issued share capital of the Company.

Sebastian joined Kestrel in 2017, and previously spent 14 years as Mergers and
Acquisitions Director at Alternative Networks plc, an AIM-quoted
communications and hosting provider to the mid-market. Sebastian is also a
Non-Executive Director at Ingenta PLC.

In addition, to streamline the number of directors on the Board, Allen Broome
will step down from his role as Non-Executive Director once his one-year
contract expires on 31 August 2024.

Additional information

The following information is being disclosed pursuant to Rule 17 and paragraph
(g) of Schedule 2 of the AIM Rules for Companies.

Sebastian Jake Golder White, aged 53, has been a director or partner of the
following companies or partnerships during the five years preceding the date
of this announcement:

 Current directorships:  Past directorships (last five years)
 Kestrel Partners LLP    Tialis Essential IT PLC (previously IDE Group Holdings PLC)
 Ingenta PLC

Save as set out above there are no further disclosures required pursuant to
Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

For further information please contact:

 Aferian plc                                    +44 (0)1954 234100
 Mark Wells, Chairman

 Donald McGarva, Chief Executive Officer

 Mark Carlisle, Chief Financial Officer

 Investec plc                                   +44 (0)20 7597 5970
 David Anderson / Patrick Robb / Nick Prowting

About Aferian plc

Aferian plc (AIM: AFRN) is a B2B video streaming solutions company. Our
end-to-end solutions bring live and on-demand video to every kind of screen.
We create the forward-thinking solutions that our customers need to drive
subscriber engagement, audience satisfaction, and revenue growth.

It is our belief that successful media companies and services will be those
that are most consumer-centric, data driven and flexible to change. We focus
on innovating technologies that enable our customers stay ahead of evolving
viewer demand by providing smarter, more cost-effective ways of delivering
end-to-end modern TV and video experiences to consumers. By anticipating
technological and behavioural audience trends, our software solutions empower
our customers to heighten viewer enjoyment, drive growth in audience share and
ultimately their profitability.

Aferian plc has two operating companies: 24i, which focusses on streaming
video experiences, and Amino, which connects Pay TV to streaming services. Our
two complementary companies combine their products and services to create
solutions which ensure that people can consume TV and video how and when they
want it. Our solutions deliver modern TV and video experiences every day to
millions of viewers globally, via our growing global customer base of over 500
service providers.

Aferian plc is traded on the London Stock Exchange's AIM stock market (AIM:
symbol AFRN). Headquartered in Cambridge, UK, the Company has over 350 staff
located in offices in San Francisco, Amsterdam, Helsinki, Copenhagen, Madrid,
Porto, Brno, Buenos Aires, and Hong Kong. For more information, please visit
www.aferian.com.

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