REG - Bidstack Group PLC - Board Changes

BidstackAnnouncement

29/12/2022 07:00

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RNS Number : 1362L  Bidstack Group PLC  29 December 2022

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29 December 2022

Bidstack Group Plc

("Bidstack" or the "Company" or the "Group")

Board Changes

Bidstack Group Plc (AIM: BIDS), the in-game brand activation platform,
announces that Francesco Petruzzelli has informed the Board of his intention
to resign from his position as Managing Director and to resign from the Board.

Francesco will continue to be involved with the Company as a Strategic Adviser
to the executive team.

 

The Board would like to place on record the enormous contribution that
Francesco has played in building out Bidstack, the in-game advertising sector
as a whole and for his work across the technical and commercial areas of the
business to date. We wish him well in his future endeavours.

The Board is pleased to announce the appointment to the Board of Doug Lowther
as a Non-executive Director, and Camila Franklin (currently Chief Operating
Officer) as an Executive Director.

 

Doug currently serves as CEO of Irdeto B.V., widely regarded as the world
leader in digital platform cybersecurity, since April 2015. Irdeto is a 13.5%
shareholder in the Company following its £5m strategic investment, as
announced on 5 October 2022. Previously Doug was the President and CEO of
International Datacasting and, prior to that, he served in various senior and
executive roles within Irdeto based in Beijing and Amsterdam between 2004 and
2013.

 

Camila has over 20 years of gaming and ad-tech experience. She has led
engineering, product, operations and client facing teams.  Camila was also
named one of The Top Women Leaders in SaaS in 2020
(https://www.thesoftwarereport.com/the-top-50-women-leaders-in-saas-of-2020/)
and was a Bronze Stevie Award winner for Woman of the Year in the business
services industry in 2021. Prior to joining Bidstack, Camila served in various
executive roles, including as COO, within AdColony between 2015 and 2022.
Previously she has held senior roles within the US at Navio Systems, Tira
Wireless, Device Anywhere, Antenna Software and Moovweb.

 

Further information on each of Camila Franklin and Doug Lowther is set out
below.

James Draper, CEO of Bidstack, said

"Francesco and I have been on this journey for many years, building Bidstack
initially from a concept that turned into one of the first Digital Out of Home
(DOOH) programmatic platforms, to our pivot in 2017 when the Company began the
rebirth of in-game advertising. Where the Company sits today is testament to
some truly world class individual contributions of his, and the exceptional
team we've formed together here at Bidstack.

"I'm delighted he's going to continue his engagement through being a Strategic
Adviser to the team and we will undoubtedly collaborate on a number of
projects the Company is working on currently, to cement the strong foundations
of the media, sports and licensing divisions the business has built out.
Francesco has been a great friend through this journey from start-up to
scale-up, from Crowdcube to RTO and beyond.  The business has never been in a
better shape and we can both look back at what we've built here with enormous
pride.

"Following the strategic investment from Irdeto, I am pleased to welcome Doug
to the Board.  Irdeto has deep relationships with global publishers and is a
market leader in digital platform cybersecurity.  The Board will value Doug's
expertise in our industry.  In addition, I'm personally looking forward to
the mentorship of an experienced and successful CEO.

"Camila will step up to the main Board. Her professionalism and operational
talents have made an immediate impact to the business, as we focus on
delivering revenues through our media and technology offerings, at scale,
globally. Her proven track record of leading a company to a $400 million exit,
is something our team is keen and excited to learn from.

"With our pipeline of revenue for Q1 looking stronger than ever, we look
forward to updating shareholders further on progress, when appropriate.''

Further information on Camila Franklin and Doug Lowther

Camila Maria Chamberlain Franklin (aged 42) is not currently and has not been
a director of any company in the last five years.

Camila Franklin is currently the holder of 13,965,000 LTIP awards exercisable
at nominal value.

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

Douglas William Herbert Lowther (aged 57) holds or has held the following
directorships in the past five years:

 

Current Directorships

Denuvo GmbH

Irdeto B.V. and certain of its subsidiaries

Questar Auto Technologies Ltd

West Hawk B.V.

 

Previous Directorships

Saferide Technologies Ltd

UniqIC B.V.

As announced on 6 October 2022, Irdeto B.V. holds 175,438,596 shares
representing approximately 13.5% of the current issued share capital of the
Company.

There is no further information on Doug Lowther 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

 

 

 

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