REG - Investment Evolution - Appointment of Director and Expansion of UK Team
23/07/2024 08:15
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RNS Number : 3457X Investment Evolution Credit PLC 23 July 2024
23 July 2024
Investment Evolution Credit plc
("IEC", the "Company" or the Group)
Appointment of Director and Significant Expansion of UK Executive Team
Investment Evolution Credit plc (AQSE: IEC) - 23 July 2024: IEC, a global
fintech group specialising in online consumer loans, is pleased to announce
the appointment of Mr Gareth Hawkins as an Independent Non-executive Director
and Chairman of the Audit and Risk Committee effective 1 August 2024. Mr
Hawkins is a UK citizen with strong financial and compliance experience and
will be responsible for finance at the Company.
In addition, IEC is also finalising non-board appointments for early August of
three new additional key UK executives who are all UK residents. The new
positions are Chief Financial Officer, Managing Director (Corporate Finance)
and Chief Operating Officer/UK Lending & Compliance Manager. The addition
of the new UK INED, combined with these three additional UK executives, will
significantly strengthen IEC's UK FCA Consumer Credit Licensing Application
and signifies IEC's strong long-term commitment to both the UK public company
and UK consumer finance markets. IEC's management continue to work towards
commencing consumer lending operations in the United Kingdom by early 2025.
Gareth Hawkins
Mr Hawkins currently serves as a Director at Angel Syndicate Ltd and Fundry
Capital Partners Ltd since 2023, Chairman of Biz Crunch Ltd (T/A BizCrunch)
and a non-Executive Director at ElectrAssure Ltd since 2022 and Chairman of
Letchworth Garden City since 2022, having been a trustee since 2021.
Additionally, Mr Hawkins is an Advisor to a number of investment advisory
companies such as Connectd, Stratiphy and Block Dojo.
From 2022 to 2023 he was a member of the Investment Committee at Henley
Business Angels Ltd. Prior to this he held various roles at Wholesale Welding
Supplies Ltd, subsequently Weldability Sif Ltd, from 1997 to 2021, culminating
as Managing Director from 2016. Mr Hawkins gained an MBA through the Quantic
School of Business and Technology in 2019.
Save as set out below, there is no further information to disclose regarding
Mr Hawkins pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.
Mr Gareth Peter George Hawkins (aged 45) has held the following current and
former directorships / partnerships in the past five years:
Current Directorships / Partnerships Former Directorships / Partnerships in the past five years
Angel Syndicate Ltd Extractability Limited
Biz Crunch Ltd Henley Business Angels Limited
ElectrAssure Limited SifBronze Limited
Enterprise Insights Ltd Weldability Sif Foundation
Fundry Venture Capital Partners Ltd Weldability Sif Limited
Letchworth Garden City Trading Ltd Weldspeed Limited
Mr Hawkins does not hold any shares, or options or warrants over ordinary
shares, in the Company.
About IEC
IEC is an experienced regulated licensed lender under the consumer brand Mr.
Amazing Loans in the United States with state consumer lending
licenses/certificates of authority in the 6 states of California, Florida,
Georgia, Illinois, Nevada and New Jersey and an established track-record of
regulatory compliance for over 13 years. IEC plans to expand its United States
lending model to the United Kingdom market in due course by providing £2,000
to £10,000 online personal loans with fixed affordable repayments, subject to
the receipt of all necessary authorisations and permits.
This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company accept responsibility
for the contents of this announcement.
Enquiries:
Investment Evolution Credit plc
Paul Mathieson iec@investmentevolution.com
Chairman & CEO
Cairn Financial Advisers LLP (IEC AQSE Corporate Adviser)
Ludovico Lazzaretti +44 (0) 20 7213 0880
Jo Turner
Axis Capital Markets Limited (IEC Corporate Broker)
Ben Tadd +44 (0) 20 3026 0449
Lewis Jones
For more information please visit: www.investmentevolution.com
(http://www.investmentevolution.com) /investors
Caution Regarding Forward Looking Statements
Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Company's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
statements are not a guarantee of future performance and are subject to known
and unknown risks, uncertainties, and other factors, some of which are beyond
the Company's control, are difficult to predict, and could cause actual
results to differ materially from those expressed or forecasted in the
forward-looking statements. The Company cautions security holders and
prospective security holders not to place undue reliance on these
forward-looking statements, which reflect the view of the Company only as of
the date of this announcement. The forward-looking statements made in this
announcement relate only to events as of the date on which the statements are
made. The Company will not undertake any obligation to release publicly any
revisions or updates to these forward-looking statements to reflect events,
circumstances, or unanticipated events occurring after the date of this
announcement except as required by law or by any appropriate regulatory
authority.
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