REG - Aquis Exchange PLC - Directorate Change

Aquis ExchangeAnnouncement

17/02/2025 16:00

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RNS Number : 4057X  Aquis Exchange PLC  17 February 2025

17 February 2025

Aquis Exchange PLC

("Aquis", the "Company" or the "Group")

Directorate Change

Aquis, the creator and facilitator of next generation financial markets,
announces that Chief Executive, Alasdair Haynes, has informed the Board of his
decision to step back from the day-to-day running of the business for health
reasons, and will assume the role of President of the Group, effective
immediately.

Aquis' Chief Operating Officer, David Stevens, will assume the role of Chief
Executive Officer and will be appointed as a Director of the Company, subject
to regulatory approval. David joined Aquis in 2020 as Chief Revenue Officer,
was previously the CEO of foreign exchange broker Global Reach Group and has
held senior positions at Investment Technology Group and JP Morgan after
beginning his career at Goldman Sachs.

Aquis' Chief Financial Officer, Richard Fisher, will assume the joint
responsibilities of both Chief Financial Officer and Chief Operating Officer.

Both David and Richard have been instrumental members of the Aquis management
team for several years, and an orderly transition is ensured.

In his new role as President, Alasdair will remain a Director of the Company,
act as senior counsel to the management team, support with strategic evolution
and continue to be an ambassador of the Group. In addition, he will continue
as Head of the Aquis Stock Exchange division.

Alasdair Haynes, President of the Group, commented, "It has been a privilege
and joy to have founded and led Aquis over the past 12 years, and I could not
be more proud of the business that we have built. We have come an incredibly
long way since launching as a start-up subscription-based exchange, and today
consider ourselves a leading multi-product European exchange group.

"It is always hard for a founder to step back but, for health reasons, now is
the right time for me to transition to a new role, where I can continue to
make a meaningful impact. I have an outstanding management team which, led by
CEO David Stevens, will continue to elevate Aquis to new heights. I have
worked alongside David for many years - the past four of them at Aquis - and
have full faith in his ability to capitalise on the many opportunities ahead
for our Group, including those associated with SIX Exchange Group's offer. I
am delighted to remain actively involved in steering the Group and its
strategy in my new role as President."

Deirdre Somers, Chair, said, "Alasdair has been truly instrumental in Aquis'
success over the past 12 years. The Group has benefited immensely from his
guidance, as well as his unending enthusiasm and creativity. I am pleased that
we will continue to have the benefit of Alasdair's input and vision in his new
role as President."

David Stevens, CEO, said, "The future ahead for Aquis is incredibly bright,
with many opportunities available to us.  I am looking forward to guiding
Aquis through the coming months and beyond. The Group has an incredibly strong
leadership team, including CFO and now, COO Richard Fisher who has been an
integral part of Aquis' management for the past four years, along with an
exceptional cohort of employees who work tirelessly every day to deliver on
our vision of creating and facilitating better markets for a modern economy."
 

These directorate changes do not impact the cash offer for the Company by SIX
Exchange Group AG to be implemented by way of a court-sanctioned scheme of
arrangement under Part 26 of the Companies Act (the "SIX Offer"). As detailed
in the announcement published on 20 December 2024, the requisite majorities of
shareholders have already voted in favour of the SIX Offer. Subject to the
satisfaction (or waiver, where applicable) of the outstanding conditions to
the SIX Offer, the SIX Offer remains expected to complete in Q2 2025.

In accordance with Schedule 2(g) of the AIM Rules for Companies, David James
Stevens is 58 years old. As at the date of this announcement David Stevens
holds 21,628 ordinary shares in the Company.

No further information is required to be disclosed pursuant to paragraph (g)
of Schedule 2 of the AIM Rules.

 

ENDS

 

Enquiries:

 

 Aquis Exchange PLC                                          Tel: +44 (0)20 3597 6329

 Alasdair Haynes, CEO                                        investorrelations@aquis.eu

 Richard Fisher, CFO

 Adele Gilbert, Head of Marketing & Investor Relations

 Investec Bank plc (Nominated Adviser and Broker)            Tel: +44 (0)20 7597 5970

 David Anderson

 St John Hunter

 Canaccord Genuity Limited (Joint Broker)                     Tel: +44 (0) 20 7523 8000

 Emma Gabriel

 George Grainger

 VSA Capital Limited (AQSE Corporate Adviser)                Tel: +44 (0 )20 3005 5000

 Andrew Raca

 MHP Group (Financial PR Adviser)                            Tel: +44 (0) 20 3128 8000

 Eleni Menikou                                               Aquis@mhpgroup.com

 Robert Collett-Creedy

 Finn Taylor

 

About Aquis Exchange PLC

Aquis Exchange PLC ("Aquis") is Europe's challenger exchange, creating better
markets for a modern economy. Aquis has market-leading technology and
innovative rules for trading, and offer primary listings and secondary trading
of equities, along with global licensing of proprietary technology.

Aquis consists of four divisions:

Aquis Markets operates lit and dark order books, covering 16 European markets.
For its lit books, Aquis uses 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 stock that they trade.

Aquis Technologies is the software and technology division of Aquis. It
focuses on building better markets via the creation and licensing of
cutting-edge, cost-effective exchange infrastructure technology and services,
including matching engine and trade surveillance solutions.

Aquis Stock Exchange (AQSE) is a stock market providing primary and secondary
markets for equity and debt products. It is authorised as a Recognised
Investment Exchange, which allows it to operate a regulated listings venue.
The AQSE Growth Market is divided into two segments 'Access' and 'Apex'; the
Access market focuses on earlier stage growth companies, while Apex is the
intended market for larger, more established businesses.

Aquis Data generates revenue from the sale of data derived from Aquis Markets
and Aquis Stock Exchange to market participants.

Aquis is authorised and regulated by the UK Financial Conduct Authority and
France's Autorité de contrôle prudentiel et de résolution and L'Autorité
des marchés financiers to operate Multilateral Trading Facility businesses in
the UK & Switzerland markets and in EU27 markets respectively. Aquis
Exchange PLC is quoted on the Aquis Stock Exchange and on the AIM Market (AIM)
of the LSE. For more information, please go to www.aquis.eu.

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