REG - Intercede Group PLC - Appointment of CFO

IntercedeAnnouncement

12/04/2022 07:00

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RNS Number : 0270I  Intercede Group PLC  12 April 2022

12 April 2022

Intercede Group plc

 

("Intercede" or the "Company")

 

Appointment of CFO

 

Intercede, the leading specialist in digital identity, credential management
and secure mobility, is pleased to announce the appointment of Nitil Patel as
Chief Financial Officer with effect from 19 April 2022.

 

Mr Patel is a Fellow of the Institute of Chartered Accountants in England
& Wales and has over 25 years' financial experience in both industry and
public practice. He most recently held the position of interim CFO at D4t4
Solutions plc, a technology leader in data platforms and prior to that he was
CFO of Merit Group plc. Between 2001 and 2016, Nitil was CFO of Zinc Media
Group plc. He has extensive financial, commercial, M&A and business
transformation experience.

 

As announced on 23 November 2021, Andrew Walker will remain with Intercede as
a Director until June to ensure a smooth transition through the year end
audit.

 

Intercede CEO Klaas van der Leest said:

"We are delighted to announce Nitil's appointment as CFO. He brings plc board
experience, and his strong commercial acumen will be of great value as we look
to execute our growth plans."

 

 

ENQUIRIES

 

 Intercede Group plc                               Tel.      +44 (0)1455 558 111
 Klaas van der Leest, Chief Executive

 finnCap                                           Tel.      + 44 (0)20 7220 0500
 Simon Hicks / Fergus Sullivan, Corporate Finance
 Tim Redfern / Charlotte Sutcliffe, ECM

 

Regulatory disclosures

 

The following information regarding Nitil Patel, aged 51, is disclosed under
Schedule 2(g) of the AIM Rules for Companies:

 

 Current Directorships                                                 Directorships held in past 5 years

 Opendemocracy Limited                                                 Dods Group Limited
 The Opendemocracy Foundation for the Advancement of Global Education  Doreen Bird College Of Performing Arts Ltd.
 The Doreen Bird Foundation                                            Fenman Limited
                                                                       Holyrood Communications Ltd.
                                                                       Merit Data & Technology Limited
                                                                       Merit Group Plc
                                                                       Merit Processes Limited
                                                                       Mislex (420) Limited
                                                                       Monitoring Services Limited
                                                                       Political Wizard Limited
                                                                       Social Lens Limited
                                                                       Soma21 Limited
                                                                       Syntri Group Limited
                                                                       Syntri Limited
                                                                       Syntri Media Group Limited
                                                                       Total Politics Limited
                                                                       Training Journal Limited
                                                                       Vacher Dod Publishing Limited
                                                                       Vdp Limited

 

 

Mr. Patel was previously a director of Ten Alps Media Limited, a subsidiary of
Ten Alps plc, which, in the 12 months after Mr Patel had resigned from the
company, announced that it had instructed professionals to place the
subsidiary into a creditors' voluntary liquidation. There was estimated to be
a deficit to preferential creditors of approximately £14,323.62 and an
estimated deficit to unsecured creditors of £710,502.

 

There are no other matters which are required to be announced under Schedule
2(g) of the AIM Rules for Companies.

 

 

About Intercede

Intercede is a cybersecurity company specialising in digital identities,
derived credentials and access control, enabling digital trust in a mobile
world.

 

Headquartered in the UK, with offices in the US, we believe in a connected
world in which people and technology are free to exchange information
securely, and complex insecure passwords become a thing of the past.

 

Our vision is to make the highest levels of cybersecurity available to
organizations and consumers alike, solving complexity and scalability issues
by managing high volumes of digital credentials.

 

We have been delivering trusted solutions to high profile customers for over
20 years. Our team of experts has deployed millions of identities to
governments, most of the largest aerospace and defence corporations, and major
financial services and healthcare organizations, as well as leading
telecommunications, cloud services and information technology firms, providing
industry-leading employee and customer credential management systems.

For more information visit: www.intercede.com (http://www.intercede.com)

 

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 

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