REG - Aquis Exchange PLC - Appointment of Independent Non-executive Director

Aquis ExchangeAnnouncement

12/10/2020 07:00

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RNS Number : 7087B  Aquis Exchange PLC  12 October 2020

12 October 2020

 

Aquis Exchange PLC

("Aquis" or the "Company")

 

Appointment of independent non-executive director

 

Aquis Exchange PLC (AQX.L), the exchange services group, is pleased to
announce that it has appointed Deirdre Somers to its Board as an independent
non-executive director.

 

Deirdre has 23 years of stock exchange experience across both primary and
secondary markets. She was Chief Executive Officer of the Irish Stock Exchange
from 2007 to 2018, leading its transformation from a relatively small domestic
equity exchange to a highly profitable plc with global specialisms,
culminating in its sale in March 2018 to Euronext NV. Deirdre stepped down as
CEO of Euronext Dublin in September 2018 and has held a position as an
independent non-executive director & audit committee member for BlackRock
iShares since April 2019.

 

Deirdre has a deep knowledge of EU market structure and market regulation. She
was President of the Federation of European Securities Exchanges (FESE)
between 2015 and 2018 and she is also a fellow of the Institute of Chartered
Accountants in Ireland.

 

Commenting on the appointment, Niki Beattie, Chair of Aquis, said:

 

"Deirdre is a true expert in public market structure, regulation and products,
with a particular strength in European markets. Her experience will be
extremely valuable to Aquis as we continue on our journey to become the
leading exchange services group in Europe. It is a testament to the growing
profile of Aquis that we have been able to attract a candidate of such quality
to our Board."

 

Deirdre Somers added:

 

"It is clear to me that Aquis Exchange has great potential, not only for
further growth and development, but also to bring further competition,
transparency and venue choice to European Markets.

 

"I hope that my background in steering an exchange group through a period of
intense change and volatility whilst increasing its earnings and instilling a
strong culture will serve Aquis well. I look forward to supporting the Company
on its exciting growth trajectory."

 

 Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Deirdre Mary Somers, aged
54, holds or has held the following directorships and partnerships during the
five years preceding the date of this announcement:

Current Directorships

 BlackRock Alternatives Funds ICAV
 BlackRock Fixed Income Dublin Funds Plc
 BlackRock Funds I ICAV
 BlackRock Infrastructure Funds ICAV
 BlackRock Infrastructure Funds Plc
 BlackRock Institutional Pooled Funds Plc
 Institutional Cash Series Plc
 iShares Plc
 iShares II Plc
 iShares III Plc
 iShares IV Plc
 iShares V Plc
 iShares VI Plc
 iShares VII Plc
 Kenmare Resources Plc

Previous Directorships held in the last five years

 LSE Oldco Limited
 Traders In The Area Supporting The Cultural Quarter Company Limited
 The Irish Stock Exchange Plc
 Euronext N.V.
 Federation of European Securities Exchanges

 

Enquiries:

 Aquis Exchange PLC                                      Tel: +44 (0) 20 3597 6321
 Alasdair Haynes, CEO
 Jonathan Clelland, CFO and COO
 Belinda Keheyan, Head of Marketing                      +44 (0) 7768 078 110

 Liberum Capital Limited (Nominated Adviser and Broker)  Tel: +44 (0) 20 3100 2000
 Clayton Bush
 Chris Clarke
 Edward Thomas
 Kane Collings

 Alma PR (Financial PR Adviser)                          Tel: +44 (0)20 3405 0209
 Rebecca Sanders-Hewett                                  aquis@almapr.co.uk
 Caroline Forde
 Susie Hudson

 

Notes to editors:

Aquis Exchange PLC is an exchange services group, which operates a
pan-European cash equities trading business (Aquis Exchange) and develops and
licenses exchange software to third parties (Aquis Technologies).

Aquis Exchange PLC (AQX.L) is quoted on the London Stock Exchange's
Alternative Investment Market (AIM).

Aquis Exchange is authorised and regulated by the UK Financial Conduct
Authority and France's Autorité des Marchés Financiers to operate
Multilateral Trading Facility businesses in the UK and in EU27 respectively.

Aquis operates a lit order book and does not permit aggressive non-client
proprietary trading, which has resulted in lower toxicity and signalling risk
on Aquis than other trading venues in Europe. According to independent
studies, trades on Aquis are less likely to lead to price movement than on
other lit markets. Aquis applies a subscription pricing model which works by
charging users according to the message traffic they generate, rather than a
percentage of the value of each security that they execute. This model can
significantly reduce the cost of trading.

Aquis Technologies is the software and technology division of Aquis Exchange
PLC. It creates and licenses cutting-edge, cost-effective matching engine and
trade surveillance technology for banks, brokers, investment firms and
exchanges.

Aquis Stock Exchange (AQSE) is a UK-based stock market providing primary and
secondary markets for equity and debt products. It is permissioned as a
Recognised Investment Exchange, which allows it to operate a regulated
listings venue.

For more information, please go to www.aquis.eu (http://www.aquis.eu) and
www.aquis.technology (http://www.aquis.technology)

 

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