REG - Cel AI PLC - Changes in board composition

CEL AIAnnouncement

28/06/2024 07:00

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RNS Number : 2483U  Cel AI PLC  28 June 2024

28 June 2024

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.

 

CEL AI plc

 

("Cel AI" or the "Company")

 

Changes in board composition

 

Cel AI (LSE: CLAI), a company specialising in cutting-edge artificial
intelligence (AI) to deliver tailored beauty advice and product
recommendations as well as next-generation skincare and wellness products,
announces that Bruna Nikolla has resigned as Chief Financial Officer and
Executive Director and Timothy Le Druillenec has resigned as Executive
Director of the Company, both with immediate effect.

 

The Board would like to take this opportunity to thank Bruna Nikolla and
Timothy Le Druillenec for their contribution to the Company and wish them well
for the future.

 

The Company is also pleased to announce that Nicholas Lyth has been appointed
as executive director and Chief Financial Officer. The appointment will take
effect immediately.

 

Nicholas Lyth is a UK-based, experienced finance director and qualified
accountant with extensive experience advising quoted companies including
AIM-listed companies Univision Engineering Ltd, Altona Energy plc and Taihua
plc and AQSE-listed companies Phoenix Digital Asset plc, Supernova Digital
Assets plc, File Forge Technology plc and Ora Technology plc. For two years,
Mr. Lyth was Group Finance and Purchasing Director of Belle Group, a
manufacturer of engineering equipment operating across Europe, the US and
Asia. He was also Head of Finance at Fothergill Group, a UK manufacturer of
technical industrial fabrics, between 1996 and 2003. In his early career, Nick
was a management accountant at Courtaulds plc and Rotunda plc.

 

 Current directorships and/or partnerships:       Former directorships and/or partnerships (within the last five years): 
  Aquis Stock Exchange listed companies:           Aquis Stock Exchange listed companies:

 -     Phoenix Digital Assets plc                 -     ChallengerX plc

 -     Supernova Digital Assets plc               -     Kondor AI plc

 -     File Forge technologies plc                Private:

 -     Ora Technology plc                         -     Food Forward Global Operations Plc

 London Stock exchange listed companies:

 -     Streaks AI plc

 -     Mustang Energy plc

 Private:

 -     Dark Peak Consulting Ltd

 -     London Carbon Exchange Ltd

 -     Carbon Technologies Ltd

 -     Cykel AI plc

 

Were LR 9.6.13 to apply to the Company, there would be no further information
to disclose.

Following these changes, the composition of the Board is as follows: Mike
Edwards is CEO and Chairman, Nicholas Lyth is Chief Financial Officer; and
Misha Sher and Matthew Lodge are Non-Executive Directors.

 

The directors of Cel AI accept responsibility for this announcement.

 

For further information please contact:

 Cel AI
 Michael Edwards                          via FSCF +44 7572 873 300

 Director
 First Sentinel Corporate Finance (FSCF)
 Investor Relations

 Emily Warrilow                           +44 7572 873 300

 ir@getcel.ai (mailto:ir@getcel.ai)

 Media Relations

 Emily Warrilow                           +44 7572 873 300

 media@getcel.ai

 Corporate Broker & Advisor

 Brian Stockbridge                        +44 7858 888 007

 

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