REG - Narf Industries PLC - Directorate Change

Narf IndustriesAnnouncement

24/04/2023 07:15

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RNS Number : 1476X  Narf Industries PLC  24 April 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

24 April 2023

 

NARF INDUSTRIES PLC

 

APPOINTMENT OF EXECUTIVE CHAIRMAN

 

 

Narf Industries plc ("Narf", the "Company", or the "Group"), (LSE:
'NARF')(OTCQB: NFIN.F) the cybersecurity group specialising in high-end threat
intelligence and critical infrastructure security is pleased to announce the
appointment of John Herring as Executive Chairman of the Group with immediate
effect.

Executive Role

John has served as Independent Non-Executive Director of Narf Industries plc
since its founding and now assumes the full-time role of Group Executive
Chairman.

John brings multi-decade executive and board experience in building high
growth tech companies.  He offers strategic and practical operational
experience specific to NARF's mission informed by a career that spans military
service and work in the national security sector, including multi-year
involvement as CEO of an In-Q-Tel (the investment arm of the US CIA) portfolio
company, iMove, Inc.  John's corporate finance experience includes venture,
private equity and public market financings as well as buy and sell-side
M&A transactions.  John is Co-Founder of Corstone Capital, a private
equity firm founded in 1991, where he's served as both CEO and Managing
Director since its inception.

John Herring's appointment as Executive Chairman of Narf sees Robert Mitchell
stepping down as Chairman.  The Board would like to thank Bob for his time
with the Company helping with the admission to trading on the LSE and steering
the Company through to the acquisition of Narf.

Steve Bassi, NARF Founder and CEO said, "We are experiencing record growth in
our core national security R&D and United States government business.  We
are pleased to have someone with John's experience work actively with me and
the team during this exciting time advancing Narf's corporate development."

John Herring said, "My role is to accelerate the team's vision by bringing a
deep network of relationships to fast-track the Company's corporate
development.  This includes sourcing Board and team members that bring rapid
growth public company governance experience and domain informed strategies to
our commercialization initiatives.  I look forward to working closely with
Steve and his team as we build on our growth to date."

 

ENDS

For further information on the Group please visit www.narfgroup.com
(http://www.narfgroup.com) or contact:

 John Herring                                   NARF                 jh@narfgroup.com
 Catherine Leftley/Paul Dulieu/Isabel de Salis  St Brides Partners   narf@stbridespartners.co.uk
 Peter Krens                                    Tennyson Securities  Tel: +44 (0)207 186 9030

 

 

About NARF Industries plc

Narf Industries (LSE: NARF)(OTCQB: NFIN.F) is a US based cyber security group
specialising in high-end threat intelligence with a focus on critical
infrastructure. The Group leads commissioned cyber security R&D and is
commercialising a portfolio of products including TIGR that can be used by
utilities and cyber first responders to restore power to electric grids and
protecting other key infrastructure that have suffered a cyber-attack. The
Group aims to further strengthen its portfolio organically and via
acquisition; its team of highly qualified cyber security experts is well
placed to identify opportunities.

 

Important notice

The content of this announcement has not been approved by an authorised person
within the meaning of the Financial Services and Markets Act 2000 (FSMA). This
announcement has been issued by and is the sole responsibility of the Company.
The information in this announcement is subject to change. This announcement
is not an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the Securities Act), and may not be
offered or sold, directly or indirectly, in or into the United States, except
pursuant to an applicable exemption from registration. No public offering of
securities is being made in the United States. This announcement is not for
release, publication or distribution, directly or indirectly, in or into the
United States, Australia, Canada, the Republic of South Africa, Japan or any
jurisdiction where to do so might constitute a violation of local securities
laws or regulations (a Prohibited Jurisdiction). This announcement and the
information contained herein are not for release, publication or distribution,
directly or indirectly, to persons in a Prohibited Jurisdiction unless
permitted pursuant to an exemption under the relevant local law or regulation
in any such jurisdiction.

 

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