REG - Calnex Solutions PLC - Board Appointments

Calnex SolutionsAnnouncement

11/01/2022 07:05

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RNS Number : 9916X  Calnex Solutions PLC  11 January 2022

11 January 2022

Calnex Solutions plc

("Calnex", the "Company" or the "Group")

Board Appointments

Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement
solutions for the global telecommunications sector, is pleased to announce the
appointments of Margaret Rice-Jones and Stephen Davidson as Non-Executive
Directors of the Company, with immediate effect.

Margaret Rice-Jones has over 20 years' experience at Board level in public and
private software and technology companies. Margaret's current roles include
acting as Senior Independent Director at main market-listed De La Rue plc,
Chair at Origami Energy Limited, a VC-backed energy-focused technology
business, and Non-executive Director at Holiday Extras Investments Limited.
Previously, Margaret was Senior Independent Director of Xaar plc and chaired
private companies Skyscanner Limited and Penguin Portals Limited until they
were sold for £1.4bn and £509m, respectively. Having spent her Executive
career in mobile telecommunications, Margaret has a background in engineering
and a track record of delivering strong leadership and value to high growth
and innovative organisations.

Stephen Davidson is an accomplished director of both public and private
companies, with more than 20 years' PLC-board experience. He is currently a
Non-executive Director at main market-listed Informa plc and Non-executive
Chair at AIM-traded analytics company Actual Experience plc, JSE-listed
Datatec plc and MCB Group Limited. Stephen was previously Chair at AIM
companies Rosenblatt Group plc, Restore plc and Jaywing plc, and main market
companies Inmarsat plc and MECOM plc.  In his earlier career Stephen was
Chief Financial Officer and then Chief Executive Officer of Telewest
Communications plc and Vice Chairman of Investment Banking at WestLB Panmure.

George Elliott, Chairman of Calnex, said:

"I am very pleased to welcome Margaret and Stephen to the Board of the
Company. They join us at what is an exciting time for Calnex, as we seek to
capitalise on the telecoms industry's ongoing transition to 5G alongside the
growth of cloud computing. We look forward to benefitting from their extensive
experience and knowledge."

For more information, please contact:

 Calnex Solutions plc                             Via Alma PR
 Tommy Cook, Chief Executive Officer

 Ashleigh Greenan, Chief Financial Officer

 Cenkos Securities plc - NOMAD                    +44 (0)131 220 6939
 Derrick Lee, Peter Lynch

 Alma PR                                          + 44(0) 20 3405 0213
 Caroline Forde, Hannah Campbell, Joe Pederzolli

 

 

The following disclosures are made pursuant to Schedule 2 paragraph (g) of the
AIM Rules.

Margaret Frances Rice-Jones, age 61, holds/held the following directorships
and/or partnerships:

 Current Directorships / Partnerships  Former Directorships / Partnerships

                                       (within the last 5 years)
 De La Rue plc                         Penguin Portals Limited
 Holiday Extras Investments Limited    Xaar plc
 Origami Energy Limited                Inspop.com Limited
 Bengar Limited                        Openet Telecom Limited (Ireland)
 Berkshire Women's Aid
 Point Blank Solutions Limited

 

 

Stephen James Davidson, age 65, holds/held the following directorships and/or
partnerships:

 Current Directorships / Partnerships  Former Directorships / Partnerships

                                       (within the last 5 years)
 Actual Experience plc                 Rosenblatt Litigation Funding Limited
 Datatec plc                           RBG Holdings plc
 Datatec Limited                       Restore plc
 Informa plc                           Jaywing plc
 Performing Right Society, Limited     Inmarsat Group Holdings Limited
 PRS For Music Limited
 MCB Group Limited

 

Stephen Davidson was a director of EBT Mobile China Limited at the time it was
placed into members' voluntary liquidation on 12 September 2011 and a director
of Broadreach Train Services Limited within twelve months of it being placed
into administration on 10 October 2005.

There are no further disclosures required to be made pursuant to Schedule 2
paragraph (g) of the AIM Rules.

 

Overview of Calnex

 

Calnex designs, produces and markets test instrumentation and solutions for
network synchronization and network emulation, enabling its customers
to validate the performance of the critical infrastructure associated
with telecoms networks.   To date, Calnex has secured and delivered
orders to over 600 customer sites in 68 countries across the
world. Customers include BT, China Mobile, NTT, Ericsson, Nokia, Intel,
Qualcomm, IBM and Facebook.

Founded in 2006, Calnex is headquartered in Linlithgow, Scotland, with
additional locations in Belfast, Northern Ireland and California in the US,
supported by sales teams in China and India. Calnex has a global network of
partners, providing a worldwide distribution capability.

 

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