REG - Bidstack Group PLC - Appointment of Chairman Designate

BidstackAnnouncement

17/06/2022 07:00

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RNS Number : 2196P  Bidstack Group PLC  17 June 2022

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publication of this Announcement, this information is now considered to be in
the public domain.

17 June 2022

Bidstack Group Plc

("Bidstack" or the "Company")

Appointment of Chairman Designate

 

Bidstack Group Plc (AIM: BIDS.L), the in-game brand activation platform, is
pleased to announce the appointment of David Reeves to its Board as Chairman
Designate.  To ensure an orderly handover he will succeed Donald Stewart as
Chairman on the 1(st) September 2022.  In the meantime David will sit on the
board as a Non-Executive Director.  On David's becoming Chairman Donald will
move to a Non-Executive Director role and will serve on the Audit and
Remuneration Committees.

David has over 30 years' global experience in senior management roles within
multinational companies across the video games industry.  He launched Sony
PlayStation in Germany, Switzerland & Austria in 1995 and in 1999, he was
appointed Executive Vice President of Sony Computer Entertainment (Europe) and
President and CEO EMEA in 2003.  In 2010, David was appointed as COO of
Capcom (Europe).  David has his own consulting Company DRC Consulting Ltd, is
Co-Founder of E Fundamentals, a SaaS company providing e-commerce analytics
services and is Chairman of Comcarde Ltd, an Edinburgh based fintech company.

David served as Senior Non-Executive Director and Chairman of the Remuneration
Committee for AIM-listed Keywords Studios.  Keywords Studios is an
international technical services provider to the global video games industry,
established in 1998.  It provides integrated art creation, marketing
services, game development, testing, localization audio and player support
services across more than 50 languages and 16 games platforms to a blue-chip
client base of over 950 clients across the globe.  Following the completion
of nine years' service as a Non-Executive Director he retired from this
position on the 20(th) May 2022.

 

David Reeves, Chairman Designate, said:

 

"It is an honour to be joining Bidstack as Chairman and be given the
opportunity to take the Company to the next revenue and profit level in the
coming years. I hope I can build on the great foundation that Donald Stewart,
as Chairman has built and work with James Draper, CEO, and his Executive team
to grow the business globally.

"The video games and entertainment industry is expanding continuously and
Bidstack is well placed with an active pipeline, state of the art technology
and numerous planned partnership initiatives to grow rapidly and profitably.

"I hope my experience at senior levels at Sony PlayStation, Capcom and more
recently, Keywords Studios will help me guide the Company to a leadership
position in the industry."

Donald Stewart, outgoing Chairman, said:

"I am pleased to be handing over the Chair of Bidstack to David Reeves who has
the skills necessary to grow the business commercially and is particularly
well connected in the video games industry.

"Chairing Bidstack and working closely with the executive team since its
admission to AIM in September 2018 has been an enormous pleasure and I am
extremely proud of what Bidstack has achieved over that period. I will
continue to contribute my skills, which lie in capital markets and financial
regulation to support the management team."

Further information on David Alan Reeves is set out below:

Dr David Alan Reeves (aged 75) holds or has held the following directorships
in the past five years:

 Current Directorships                    Previous Directorships
 Autism UK Limited                        Keywords Studios PLC

 Comcarde Limited                         Sense, The National Deafblind And Rubella Association

 David Reeves Consulting Limited          St. John Ambulance

 E Fundamentals (Group) Limited

 E Fundamentals (International) Limited

 E-Fundamentals Ltd

 Midgarth Residents Company Limited

 Nas Services Limited

 National Autistic Society (The)

There is no further information on David Alan Reeves required to be disclosed
under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies

 

-ENDS-

Contacts

 Bidstack Group Plc

 James Draper, CEO                                            via Buchanan
 SPARK Advisory Partners Limited (Nomad)                      +44 (0) 203 368 3550

 Mark Brady / Neil Baldwin / James Keeshan
 Stifel Nicolaus Europe Limited (Broker)

 Fred Walsh / Tom Marsh                                       +44 (0) 20 7710 7600

 Buchanan Communications Limited

 Chris Lane / Stephanie Whitmore / Kim van Beeck              +44 (0) 20 7466 5000

 bidstack@buchanan.uk.com (mailto:bidstack@buchanan.uk.com)

 

 

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