REG - KRM22 PLC - Board Changes

KRM22Announcement

07/03/2024 07:00

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RNS Number : 9071F  KRM22 PLC  07 March 2024

KRM22 plc

("KRM22" or the "Company")

Board Changes

 

KRM22 plc, (AIM: KRM) the technology and software investment company that
focuses on risk management for capital markets, today announces the following
Board changes as it enters its next phase of growth.

 

Dan Carter has been appointed CEO and a Director of the Company, whilst
Stephen Casner, a founder director and the former CEO of the Company is
leaving to pursue private equity opportunities in the United States.

 

Dan has a wealth of experience in capital markets technology having joined
KRM22 in June 2018 and has since served in both Sales and Customer Services
roles, then most recently as the Company's Chief Services Officer.  Prior to
joining KRM22 Dan worked at ION, and prior to its acquisition by ION,
FFastFill, where he worked in product management and customer service roles.

 

Additionally, Keith Todd will relinquish his role as Executive Chairman of
KRM22 whilst remaining an Executive Director of the Company and Garry Jones,
Non-Executive Director, will succeed Keith as Non-Executive Chairman of the
Company.

 

Kim Suter, CFO and Director of the Company, Sandy Broderick, Non-Executive
Director and Chairman of the Remuneration Committee and Nomination Committee,
and Steve Sparke, Non-Executive Director and Chairman of the Audit Committee
will continue in their respective roles.

 

The Board changes referenced above are taking place with immediate effect.

 

Keith Todd, former Executive Chairman at KRM22 commented: "After nearly six
years since our IPO, it's time to make these Board changes when the growth
trajectory and outlook of the Company is strong.  I would like to thank
Stephen for his contribution to KRM22 from the inception.  Dan is an
excellent candidate for the CEO role who is well equipped to lead KRM22
through its next phase of growth and Garry will provide experienced council
and continuity as Non-Executive Chairman of the Company."

 

Dan Carter, CEO at KRM22 commented: "I'm delighted to be appointed as CEO of
KRM22 and, following the foundations put in place by both Keith Todd and
Stephen Casner, I look forward to working with the KRM22 Board, customers and
stakeholders to continue to grow the business inline with the previously
stated strategy and moving towards a £10m ARR business."

 

Garry Jones, Chairman at KRM22 commented: "Over the last few years KRM22 has
established itself as a market leader in risk management technology with a
strong client list of major financial institutions.  The management changes
announced today lay the groundwork for significant future growth and renewed
vigour, whilst creating economic and business value for our shareholders,
customers and employees."

 

Stephen Casner, former CEO at KRM22 commented: "It's been a pleasure to have
been a key part of KRM22 and serving as CEO for the past two years.  I am
very proud of the team we have built and look forward to their success.  It
is a natural juncture for me to hand over the reins to Dan, who I have worked
closely with for over five years."

 

 

For further information please contact:

 

 KRM22                                                                                                                                                                                   InvestorRelations@krm22.com (mailto:InvestorRelations@krm22.com)
 plc

 Garry Jones, Chairman

 Dan Carter, CEO

 Kim Suter, CFO

 Cavendish Capital Markets Limited (Nominated Adviser and Sole                                                                                                                           +44 (0)20 7220 0500
 Broker)

 Carl Holmes / George Dollemore (Corporate Finance)

 Sunila de Silva (ECM)

 

The information contained within this announcement was deemed by the Company
to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 as amended.  With the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.

 

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April
2018.  The Company has been established with the objective of creating value
for its investors through the investment in, and subsequent growth and
development of, target companies in the technology and software sector, with a
focus on risk management in capital markets.

 

Through its investments and the Global Risk Platform, KRM22 helps capital
market companies reduce the cost and complexity of risk management.  The
Global Risk Platform provides applications to help address firms' trading and
corporate risk challenges and to manage their entire enterprise risk profile.

 

Capital markets companies' partner with KRM22 to optimise risk management
systems and processes, improving profitability and expanding opportunities to
increase portfolio returns by leveraging risk as alpha.

 

KRM22 plc is listed on AIM and the Group is headquartered in London, with
offices in several of the world's major financial centres.

 

See more about KRM22 at KRM22.com

 

 

The following information is disclosed in relation to Daniel Laurance Murray
Carter, age 37, pursuant to Schedule Two paragraph (g) and Rule 17 of the AIM
Rules for Companies:

 

 

Current Directorships / Partnerships:

 

 None

 

Previous Directorships / Partnerships (held in the past five years)

 

 None

 

 

Mr Carter currently holds 5,000 ordinary shares in the Company, representing
0.01 per cent. of the issued share capital of the Company and has 182,997
share options and 64,794 Restricted Stock Units in the Company.

 

There is no further information to be disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies.

 

 

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