REG-Augmentum Fintech plc: Appointment of William Reeve as Chairman

Augmentum FintechAnnouncement

14/10/2024 07:15

14 October 2024

 

LEI: 213800OTQ44T555I8S71

 

Augmentum Fintech plc

 

Appointment of William Reeve as Chairman

 

The Board of Augmentum Fintech plc ("the Company" or "Augmentum"), Europe's
leading publicly listed fintech fund, announces the appointment of William
Reeve as an Independent Non-Executive Director of the Company and Chairman of
the Board, with effect from 1 November 2024. He will also serve on the
Company's Nominations, Audit, Valuations and Management Engagement &
Remuneration Committees.

 

William has extensive experience in the technology sector, both as an investor
and an operator. He co-founded three technology-related businesses: Fletcher
Research (acquired by Forrester Research), LOVEFiLM.com (acquired by Amazon),
and Secret Escapes. His experience spans all stages of the company growth
lifecycle, including non-executive director and chair positions of startups,
private equity backed businesses and publicly listed companies alike. He is a
former non-executive chair of Nutmeg (leading the sale to JP Morgan),
Graze.com (leading the sale to a Carlyle fund) and Media Ingenuity, as well as
non-executive director of numerous other businesses including Paddy Power plc
and Zoopla.

 

William is currently CEO of proptech company Goodlord and a non-executive
director of retailer Dunelm Group plc (where he serves as Senior Independent
Director and chairs the Remuneration Committee), from which position he is due
to retire on 21 November 2024 after 9 years.

 

David Haysey, acting Chairman of Augmentum, commented: "I am delighted to
welcome William as our new Chairman. He brings a powerful combination of
expertise as a successful technology entrepreneur who also has significant
experience as a non-executive director of public and private companies. We
believe his familiarity with the fintech landscape and extensive investment
network will make an important contribution to taking the Company to the next
level of its development."

 

Tim Levene, CEO of Augmentum Fintech Management Limited, commented: "It is
with great enthusiasm that we welcome William to Augmentum. His exceptional
track record as a tech entrepreneur and deep expertise in the sector will be
instrumental as we accelerate our growth strategy. William's proven leadership
and innovative vision will bring a fresh perspective and strategic value as we
navigate new opportunities and expand our market presence. We look forward to
leveraging his insights to drive long-term success."

 

 

In relation to disclosures required in respect of paragraph 6.4.8R of the
Financial Conduct Authority's United Kingdom Listing Rules, William was co-CEO
and an Investor Director in Hubbub Deliveries Ltd, an online groceries startup
based in London, which entered into creditors' voluntary liquidation in May
2017 and was dissolved in April 2019.

 

 

Contacts:

 Augmentum Fintech Tim Levene (Portfolio Manager) Georgie Hazell Kivell (Investor Relations)  +44 (0)20 3961 5420 georgie@augmentum.vc  
 Quill PR Nick Croysdill, Sarah Gibbons-Cook (Press and Media)                                +44 (0)20 7466 5050 press@augmentum.vc    
 Peel Hunt LLP Liz Yong, Huw Jeremy (Investment Banking)                                      +44 (0)20 7418 8900                       
 Singer Capital Markets James Moat, James Fischer (Investment Banking)                        +44 (0)20 7496 3000                       
 Frostrow Capital LLP Paul Griggs (Company Secretary)                                         +44 (0)20 3709 8733                       

 

About Augmentum Fintech

Augmentum invests in fast growing fintech businesses that are disrupting the
financial services sector.  Augmentum is the UK's only publicly listed
investment company focusing on the fintech sector in the UK and wider
Europe.  The Company launched on the main market of the London Stock Exchange
in 2018, giving businesses access to patient capital and support unrestricted
by conventional fund timelines and provides public markets investors access to
a largely privately held investment sector during its main period of growth.

 



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