Appointment of Interim Chair
14/08/2024 07:00
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RNS Number : 3296A Nexteq PLC 14 August 2024
14 August 2024
Nexteq plc
("Nexteq" or the "Group")
Appointment of Interim Chair
Nexteq (AIM: NXQ), a leading technology solutions provider to customers in
selected industrial markets, today announces that Nick Jarmany, Non-Executive
Deputy Chair, will assume the role of Interim Chair with immediate effect
whilst the Board continues with the process to recruit a permanent Chair.
Accordingly, Francis Small has now stepped down from his role as Chair of the
Group.
Nick is a founding Director of Quixant and was the Group's Chief Executive
Officer until 2018 when he became Deputy Chair. Along with a deep familiarity
of Nexteq's strategy and operations, Nick has extensive experience across
technology markets.
Following these changes, the Board comprises six Directors, of which four are
Non-Executive Directors - Nick Jarmany (Chairman), Gary Mullins, Duncan Penny
and Carol Thompson. Duncan Penny and Carol Thompson are independent
Non-Executive Directors.
Enquiries
Nexteq PLC
Nick Jarmany, Interim Chair Telephone: +44 (0)1223 892 696
Jon Jayal, Chief Executive Officer
Johan Olivier, Chief Financial Officer
Nominated Adviser and Broker:
Cavendish Capital Markets Ltd Telephone: +44 (0) 20 7220 0500
Matt Goode / Edward Whiley (Corporate Finance)
Tim Redfern / Harriet Ward (ECM)
Joint Broker:
Canaccord Genuity Limited Telephone: +44 (0)20 7523 8000
Simon Bridges/ Andrew Potts
Financial PR:
Alma Strategic Communications Telephone: +44 (0)20 3405 0205
Hilary Buchanan/ Kieran Breheny
About Nexteq
Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in
selected industrial markets. Its innovative technology enables the
manufacturers of global electronic equipment to outsource the design,
development and supply of non-core aspects of their product offering. By
outsourcing elements of their technology stack to Nexteq, customers can focus
their product development effort on the most critical drivers of their
business' success.
Our solutions are delivered through a global sales team and leverage the
Group's electronic hardware, software, display and mechanical engineering
expertise. Our Taiwan operation is at the heart of Asian supply networks and
facilitates cost effective manufacturing and strategic supply chain
management.
The Group operates in six countries and services over 500 customers across 47
countries.
Nexteq operates two distinct brands: Quixant, a specialised computer platforms
provider, and Densitron, leaders in human machine interface technology, each
with dedicated sales, account management and product innovation teams. Founded
in 2005, and later floating on the London Stock Exchange's AIM stock market as
Quixant plc, the Group rebranded to Nexteq in 2023.
Further information on Nexteq and its divisions can be found at
www.nexteqplc.com (http://www.nexteqplc.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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