REG - Microgen PLC - Trading Update and Board Changes <Origin Href="QuoteRef">MCGN.L</Origin>

Aptitude SoftwareAnnouncement

22/10/2015 07:01

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RNS Number : 0335D
Microgen PLC
22 October 2015 
 
microgen 
 
www.microgen.com                                                              
              22 October 2015 
 
MICROGEN PLC 
 
("MICROGEN" or "GROUP") 
 
TRADING UPDATE AND BOARD CHANGES 
 
Trading Update 
 
The Group's Aptitude Software and Financial Systems businesses continue to
perform in line with the Board's expectations. Consistent with this stage of
the financial year, 95% of total expected revenue for 2015 is now contracted.
High forward revenue visibility is a benefit of the Group's annual licensing
model. 
 
Appointments and Board Structure 
 
Microgen is pleased to announce the appointment of Ivan Martin to the Board.
Mr Martin will initially join the Board as a Non-Executive Director and
Chairman Designate on 1 January 2016 before assuming the role of Non-Executive
Chairman after the release of the 2015 Results. 
 
Mr Martin (60) will chair the Nomination Committee and be a member of the
Audit and Remuneration Committees. Mr Martin is currently Non-Executive
Chairman of both FDM Group plc and Red Topco Limited (trading as Red), a
specialist SAP-based IT services business. Previously Mr Martin was a member
of Misys plc's board and headed their banking software division until 2005.
Between 2007 and 2013, he was Executive Chairman of Sesame Bankhall Group and
Non-Executive Director of Avelo. 
 
The Managing Directors of the Group's two operating businesses have been
attending Board Meetings by invitation since 2013 and will formally join the
Board on 1 January 2016. Simon Baines (44) joined Microgen in 2010 as Managing
Director of the Financial Systems business, prior to which he worked in
private equity covering financial services technology companies. Tom Crawford
(47) joined Microgen in 2003 and was appointed Head of Aptitude Software USA
operations in 2010 before being promoted to Managing Director of Aptitude
Software in 2013, a role that divides his time between Boston and London. 
 
Martyn Ratcliffe, will step down as Chairman and as a Director after the
release of the 2015 Results allowing a smooth transition to Mr Martin. 
 
Regulatory Information - Ivan Martin 
 
As at 21 October 2015 Mr Martin does not currently have any interest in any
ordinary shares in Microgen. Mr Martin is Non-Executive Chairman of FDM Group
plc. 
 
There is no additional information required to be disclosed pursuant to
Listing Rule 9.6.13R relating to the appointment to the Board of Mr Martin. 
 
Regulatory Information - Simon Baines 
 
As at 21 October 2015 Mr Baines is the beneficial owner of 9,523 ordinary
shares in Microgen and has an interest in 650,000 unvested share options. 
 
There is no additional information required to be disclosed pursuant to
Listing Rule 9.6.13R relating to the appointment to the Board of Mr Baines. 
 
Regulatory Information - Tom Crawford 
 
As at 21 October 2015 Mr Crawford is the beneficial owner of 129,551 ordinary
shares in Microgen and has an interest in 650,000 unvested share options. 
 
There is no additional information required to be disclosed pursuant to
Listing Rule 9.6.13R relating to the appointment to the Board of Mr Crawford. 
 
Contacts 
 
Martyn Ratcliffe, Chairman                                                    
               020-7496-8100 
 
Philip Wood, Group Finance Director 
 
Rowena Murray, Investec                                                       
              020-7597-5970 
 
This information is provided by RNS
The company news service from the London Stock Exchange