REG - FORGENT PLC - Board Changes

ForgentAnnouncement

07/05/2026 07:00

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RNS Number : 3159D  FORGENT PLC  07 May 2026

7 May 2026
Forgent plc

("Forgent" or the "Company" or the "Group")

Board Changes

Forgent plc (AIM: FORG), the technology-led energy transition and natural
resources platform, announces a number of Board changes as part of its ongoing
efforts to streamline its cost base and continue the evolution of its
governance structure.

The Company is pleased to confirm the appointment of Gerry Madden to the Board
as Finance Director, with immediate effect. Gerry is already the CFO and
Company Secretary and brings over 30 years of experience as a director,
advisor, CEO and senior finance professional, with a strong track record at
board level. His appointment is intended to further strengthen Forgent's
leadership team as the Company executes its strategic plans.

As previously announced on 14(th) January 2026, David Palumbo, Non-Executive
Chairman, had informed the Board of his intention to transition the
Chairmanship to a successor.  It has now been agreed that he will step down
from the Board on 30 June 2026.  Brian Cole, independent Non-Executive
Director, will assume the role of independent Non-Executive Chairman on 1(st)
July 2026 on an interim basis until a permanent successor is appointed as the
Company seeks to strengthen independent director representation on the Board.

Brian Cole, inbound interim Non Executive Chairman commented

"On behalf of the Board, I would like to thank David for his service to the
Company over a number of years. He has been involved with the business through
a period of significant challenge and change, and we wish him well for the
future."

Additional Information:

In accordance with Schedule 2(g) of the AIM Rules for Companies, Michael
Gerard (Gerry) Madden (aged 66) is, or has been within the previous five
years, a director or partner of the following companies or partnerships:

 Current directorships        Previous directorships within the last five years
 Grass Door Limited           Enfield Biomass Limited
 Newry Biomass Limited        Clay Cross Biomass Limited
 Newry Biomass No. 1 Limited  Eqtec Strategic Project Finance Limited
 Reforce Energy Limited       React Biomass Limited
 EQTEC Holdings Limited       EQTEC No. 1 Limited
 Keystone Advisory Limited    Moneygorm Wind Turbine Limited
                              Altilow Wind Turbine Limited
                              EQTEC UK Services Limited
                              Haverton WTV Limited

 

On 27 August 2014, as part of a corporate restructuring the following non
trading and dormant companies, each within the Group at that time, entered
into creditors' voluntary liquidation: Kedco Block Holdings Limited, Kedco
Energy Limited, Kedco Fabrication Limited, Kedco Power Limited, Granig Trading
Limited and Castle Homes Supplies Limited. Mr Madden was a director of each of
those companies.

 

Mr Madden is interested in 122,628,571 ordinary shares of the Company,
representing approximately 1.45% of the Company's issued share capital. He
also holds 298,303,591 warrants in the Company.

 

ENQUIRIES 

 

 FORGENT plc                                     investors@forgentplc.com

 James Parsons
 Strand Hanson - Nomad & Financial Adviser       +44 20 7409 3494 

 James Harris / Richard Johnson 
 Global Investment Strategy UK Ltd - Broker      +44 20 7048 9045 

 Christopher Kipling

 Samantha Esqulant 

 

 

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