REG - Judges ScientificPLC - Board Change

Judges ScientificAnnouncement

20/12/2024 07:00

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RNS Number : 8065Q  Judges Scientific PLC  20 December 2024

 

20 December 2024

 

Judges Scientific plc

 

("Judges Scientific" or the "Company")

 

Board Change

 

Judges Scientific, the group focused on acquiring and developing companies in
the scientific instrument sector, announces the following changes to the
Board.

 

Hon. Alexander Hambro, current Chairman of the Group, has decided to retire as
Chair at the end of 2024. He will remain as a Non-Executive Director until he
steps down from the Board at the conclusion of the Group's next Annual General
Meeting which will take place in May 2025.

 

Ralph Elman, current Non-Executive Director, will assume the role of
Non-Executive Chair of the Group on 1 January 2025.

 

 

David Cicurel, Chief Executive Officer, commented: "Alex was one of our four
founding directors when the Company originally listed on the London Stock
Exchange in 2003. Since then, his wisdom, understanding of the City and faith
in our culture and business model have been essential in us significantly
scaling the Group from a £2m initial investment to a market capitalisation of
£580m and multiplying shareholder value by 100 times. Alex, on behalf of all
the Board, we are extremely grateful for your substantial contribution."

 

For further information please contact:

 

 Judges Scientific plc                                        Shore Capital (Nominated Adviser & Joint Broker)

 David Cicurel, CEO                                           Stephane Auton

 Brad Ormsby, CFO                                             Harry Davies-Ball

 Tel: +44 (0) 20 3829 6970                                    Tel: +44 (0) 20 7408 4090

 Panmure Liberum (Joint Broker)                               Investec Bank plc (Joint Broker)

 Edward Mansfield                                             Virginia Bull

 Nikhil Varghese                                              Carlton Nelson

 Tel : +44 (0) 20 3100 2222                                   Tel: +44 (0) 20 7597 4000

 Alma (Financial Public Relations)

 Sam Modlin

 Joe Pederzolli

 Rebecca Sanders-Hewett

 Sarah Peters

 Tel: +44 (0) 20 3405 0205

 judges@almastrategic.com (mailto:judges@almastrategic.com)

 

Notes to editors:

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and
developing companies in the scientific instrument sector.  The Group consists
of 25 businesses acquired since 2005.

 

The acquired companies are primarily UK-based with products sold worldwide to
a diverse range of markets including: higher education institutions,
scientific research facilities, manufacturers and regulatory authorities.
The UK is a recognised centre of excellence for scientific instruments.
The Group has received five Queen's Awards for innovation and export.

 

The Group's companies predominantly operate in global niche markets, with long
term growth fundamentals and resilient margins.

 

Judges Scientific maintains a policy of selectively acquiring businesses that
generate sustainable profits and cash.  Shareholder returns are created
through the reduction of debt, organic growth and dividends.

 

For further information, please visit www.judges.uk.com
(http://www.judges.uk.com/)

 

 

 

 

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