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RNS Number : 2480S Bonhill Group PLC 13 July 2022
13 July 2022
Bonhill Group plc
("Bonhill", the "Company" or the "Group")
Directorate Changes
Bonhill Group plc (AIM: BONH), a leading B2B media business specialising in
three key areas: Business Information, Events and Data & Analytics,
announces the following board changes with immediate effect:
· The appointment of Patrick Ponsford as Group CEO following a
period as Interim CEO. Patrick has worked for the last 30 years in B2B
publishing, including 3 years at Last Word Media prior to its acquisition by
Bonhill in April 2020, Strategic Insight Research and Centaur PLC.
· The appointment of John French, CEO of InvestmentNews LLC, the
Company's subsidiary, as an Executive Director. John French is one of the
most experienced B2B publishers in the USA. He was previously CEO of Penton
Media, Cygnus Business Media and President of Primedia and Prism Publishing.
He is a senior advisor to Oaklins DeSilva+Phillips the investment bank
focused on media, marketing and information technologies. He will report to
Patrick Ponsford.
· Concurrently, Jonathan Glasspool, who has been Interim Executive
Chairman since 7 April 2022, reverts to Non-executive Chairman.
Further information in accordance with paragraph (g) of Schedule Two of the
AIM Rules for Companies (the "AIM Rules") on Patrick Ponsford and John French
is set out at the end of this announcement.
Patrick Ponsford, Bonhill's Chief Executive Officer, commented:
"I am excited by the opportunity to lead the Group. The new financial services
focused business that will emerge after completion of the BSG divestiture will
be less complex and capital intensive and with higher margin. I believe that
shareholders should see significantly enhanced returns over the next 18 months
once the divestiture of BSG is complete."
Jonathan Glasspool, Bonhill's Non-executive Chairman, commented:
"The Board is pleased to have such seasoned executives as Patrick and John
running our two divisions. They bring complementary skills and knowledge of
the global marketplace. We remain optimistic about the considerable
opportunities available to us as a focused B2B media company within a vibrant
global niche."
For further enquiries please contact:
Bonhill Group
plc
+44 (0)20 7250 7035
Jonathan Glasspool, Non-executive Chairman
Patrick Ponsford, Group CEO
Shore Capital (Nominated Adviser and Broker)
+44 (0)20 7408 4050
Tom Griffiths/David Coaten
About Bonhill Group plc
Bonhill Group plc is a leading, AIM-quoted, B2B media company providing
Business Information, Events and Data & Insight propositions to Financial
Services, Diversity and Technology business communities in the US, UK, Pan
Europe, Middle East and Asia. Bonhill operates multiple digital platforms, has
market leading media brands, hosts over 100 events per annum, offers a
portfolio of data & analytics propositions and provides a range of content
marketing solutions.
Bonhill operates primarily in the financial services space where its brands
and services are acknowledged as market leaders. It specialises in enhancing
the relationship and flow of information between the global community of
financial services providers and the advisers who recommend their products.
Bonhill was early to recognise the growing importance of ESG in asset
allocation and fund selection and now owns the leading global platform in this
space, serving the adviser community.
Additionally, the business creates content, sales and marketing opportunities,
networking events and lead generation opportunities for its audiences of
entrepreneurs, business owners and managers, CTOs and technology leaders,
asset and wealth managers, and professional women. Flagship brands include:
InvestmentNews, ESG Clarity, Portfolio Adviser, Fund Selector Asia,
SmallBusiness.co.uk, GrowthBusiness.co.uk, Information Age, Women in… events
series and DiversityQ.
For more information visit www.bonhillplc.com (http://www.bonhillplc.com) .
INFORMATION REQUIRED UNDER SCHEDULE TWO, PARAGRAPH (G) OF THE AIM RULES
Full name: Patrick Francis Ponsford
Age 52
Bonhill Group plc ordinary shares held: 0*
Current directorships/partnerships: Bonhill Finance Limited
Bonhill Media UK Limited
Last Word Media (UK) Limited
Thames Ditton Island (Maintenance & Services) Limited
Historic directorships/partnerships (within previous 5 years): None
*Mr Ponsford holds options over 1.5 million ordinary shares of £0.01 each in
the Company pursuant to the Company's Long-Term Incentive Plan.
Full name: John Gerald French
Age 66
Bonhill Group plc ordinary shares held: 0
Current directorships/partnerships: Bonhill Group, Inc.
InvestmentNews, LLC
John G French, LLC
Historic directorships/partnerships (within previous 5 years): None
There is no further information to be disclosed in relation to the
appointments of either Patrick Ponsford or John French pursuant to Schedule
Two, paragraph (g) of the AIM Rules.
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