REG - Jaywing PLC - Board Appointments

JaywingAnnouncement

03/04/2024 11:15

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RNS Number : 1617J  Jaywing PLC  03 April 2024

03 April 2024

Jaywing Plc

("Jaywing" or "the Company")

Board Appointments

Further to the announcement made on 4 March 2024, Jaywing is pleased to
announce the appointment of Henry Turcan and David Beck to the Company's board
of directors ("Board") as Non-Executive Directors, with immediate effect.

Henry is a fund manager at Lombard Odier Asset Management (Europe) Limited. He
has been advising and investing in UK smaller companies for over 20 years and
has extensive experience of assisting public companies in creating value for
all stakeholders. Henry is being appointed as a representative of Lombard
Odier Asset Management (Europe) Limited(1), acting in its capacity as
discretionary investment manager or sub-adviser for and on behalf of certain
funds and accounts managed by it which in aggregate hold  18.86% of the
Company's issued share capital and 50% of the Company's outstanding Loan
Facility.

David was Chief Executive of Merit Group Plc, the data and intelligence
business, until 31 January 2024, where he led a successful restructuring and
turnaround of the business. Previously David spent over thirty years working
in the marketing communications industry advising large corporates on
strategic reviews and transactions. David is being appointed as a
representative of DSC Investment Holdings Limited ("DSC"), a Company owned and
controlled by Lord Ashcroft, which holds  50% of the Company's outstanding
Loan Facility. Under the terms of the Loan Facility each of DSC and Lombard
Odier Asset Management (Europe) Limited(1) is entitled to appoint up to two
representatives to the board of the Company. Lord Ashcroft  also holds
 29.91% of the Company's issued share capital

Ian Robinson, Chairman of Jaywing, commented:

"I am delighted to welcome Henry Turcan and David Beck as members of the Board
and look forward to working with them. Their respective backgrounds and
experience will strengthen the Board in its provision of strategic direction
and oversight for the Company as its businesses and prospects continue to
develop".

Disclosures pursuant to Schedule Two(g) of the AIM Rules:

Henry Arthur John Turcan, aged 50

The names of all companies and partnerships of which Henry Turcan, is, or has
been a director or partner at any time in the previous five years are set out
below:

 Current directorships or partnerships  Previous directorships or partnerships (in the last five years)
 Science in Sport Plc                   Eland Oil & Gas Limited
 HAJT Limited                           Woodbois Limited
                                        Arena Events Group Limited
                                        Nanoco Group Plc
                                        Minds + Machines Group Limited
                                        Internet Fusion Group Limited

 

Henry Turcan was a former director of Internet Fusion Group Limited, which
appointed administrators on 15 May 2023, within 12 months of Mr Turcan ceasing
to be a director. The most recently available filings indicate that the
administration proceedings remain ongoing.

Mr Turcan does not personally hold any shares in the Company. However, he is a
representative of the funds managed or sub-advised by Lombard Odier Asset
Management group entities, the Company's second largest shareholder, which
currently holds 18.86% of Jaywing's shares in issue.

David Clive Beck, aged 61

The names of all companies and partnerships of which David Beck, is, or has
been a director or partner at any time in the previous five years are set out
below:

 Current directorships or partnerships  Previous directorships or partnerships (in the last five years)
 Tribal Sports Nutrition Limited        Merit Group Plc
 Bell Pottinger Private Limited         Vacher Dod Publishing Limited

                                        VDP Limited
                                        Dods Group Limited
                                        Merit Data & Technology Limited
                                        Monitoring Services Limited
                                        Fenman Limited
                                        Holyrood Communications Limited
                                        Total Politics Limited
                                        Training Journal Limited
                                        Political Engagement Limited

 

Companies that went into liquidation or administration whilst David Beck was a
director:

Bell Pottinger Private Limited appointed administrators on 25 September 2017
and entered liquidation on 26 September 2019. The most recently available
filings indicate that the liquidation remains ongoing.

Bell Pottinger (Services) Limited appointed administrators on 25 September
2017 and was dissolved following liquidation on 7 January 2020.

Bell Pottinger LLP appointed administrators on 26 September 2017 and entered
liquidation on 27 September 2019.

Bell Pottinger Bahrain was liquidated on 31 January 2018.

Mr Beck does not hold any shares in the Company. However, he is a
representative of DSC Investment Holdings Limited, a Company owned and
controlled by Lord Ashcroft, the Company's largest shareholder, who currently
holds 29.91% of Jaywing shares in issue.

There are no further disclosures required under the AIM Rules for Companies.

 

For further information on the Company, please visit www.jaywing.com or
contact:

 

 

Note 1:  Lombard Odier Asset Management (Europe) Limited, acting in its
capacity as discretionary investment manager or sub-adviser for and on behalf
of certain funds and accounts managed by  it and / or agent of Lombard Odier
Asset Management (USA) Corp ("LOAM USA") acting in its capacity as
discretionary investment manager for and on behalf of certain funds and
accounts managed by it.

 

 

Jaywing plc

 

Christopher Hughes (Company Secretary)

T: +44 (0)333 370 6500

 

 

SPARK Advisory Partners Limited (Nominated Adviser)

 

Matt Davis / James Keeshan

T: +44 (0)20 3368 3552

 

Turner Pope (Broker)

James Pope / Andy Thacker

T: +44 (0)20 3657 0050

 

 

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