REG - Bidstack Group PLC - Board Changes

BidstackAnnouncement

18/07/2023 07:00

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RNS Number : 3106G  Bidstack Group PLC  18 July 2023

18 July 2023

Bidstack Group Plc

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

Board Changes

Bidstack Group Plc (AIM: BIDS), the in-game brand activation platform, today
announces that Donald Stewart,  Non-Executive Director, has informed the
Board that he has decided not to seek re-election as a director of the Company
and will step down from the Board at the end of the Company's Annual General
Meeting on Friday 21 July 2023 ("AGM"), to focus on his other business
commitments.   As a result of his decision, Resolution 5, to be proposed at
the Company's AGM, has been withdrawn.

Glen Calvert, Non-Executive Director, has also indicated his intention to
resign as a Director of the Company, with effect from the end of the AGM, to
concentrate on his other business interests.  Mr Calvert has agreed to make
his expertise available to the Company through the Bidstack Advisory
Committee.

In addition, the Company announces that it is undertaking a review of the
respective roles and responsibilities of the Board, the results of which are
expected to be announced by the end of September 2023.

The Company will hold an investor event following its interim results for the
period to 30 June 2023, which is expected to take place in September 2023.
Further details will be announced in due course.

David Reeves, Chairman, said:

"On behalf of the Board, I would like to thank Donald for his significant
contribution and commitment to the Board during his tenure as a past Chairman
and  Director of the Company since 2018.  I would also wish to thank Glen
for all his wise counsel and hard work on the Board and on the Remuneration
Committee.

"We wish them both well for the future."

-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

 

 

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