REG - Pelatro PLC - Directorate Change

PelatroAnnouncement

03/10/2022 07:00

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RNS Number : 4476B  Pelatro PLC  03 October 2022

 

 

 

3 October 2022

Pelatro Plc

 

("Pelatro" or the "Group")

 

Directorate Change

 

 

Pelatro Plc (AIM: PTRO), the Customer Engagement Hub software specialist for
enterprises, announces that Richard Day has informed the Group of his
intention to resign from his position as Chairman of the Board.

 

To ensure a smooth transition, Richard will remain as Chairman for the next
two months while the search process for a successor is underway. The
announcement of a successor will be made in due course.

 

Richard Day, Chairman of Pelatro Plc, said:

 

"I know I am leaving the Group in safe hands led by CEO Subash Menon and our
impressive management team.  The business is doing well, a lot has been
achieved and many exciting opportunities lie ahead for the Group. With my
commitments to my other companies in mind, this feels the right time to step
back from my role at Pelatro. My thanks go out to all our loyal and extremely
competent staff, our shareholders as well as our various advisers for all
their support."

 

Subash Menon, CEO of Pelatro Plc said:

 

"I would like to thank Richard for his contribution to the Board and the wider
business in his time with us. We benefited significantly from his deep
understanding of the capital markets and stature within the investor community
and he was instrumental in our successful IPO in 2017. He will leave with our
gratitude and best wishes for his future endeavours."

 

For further information contact:

 

 Pelatro Plc                                               c/o finnCap
 Subash Menon, Managing Director
 Nic Hellyer, Chief Financial Officer

 finnCap Limited (Nominated Adviser and Joint Broker)      Tel: +44 (0)20 7220 0500
 Carl Holmes / Milesh Hindocha (Corporate Finance)

 Dowgate Capital Limited (Joint Broker)                    Tel: +44 (0)20 3903 7715
 Stephen Norcross

 

Notes to editors

 

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh
Yezhuvath with the objective of offering specialised, enterprise class
software solutions for customer engagement principally to telcos who face a
series of challenges including market maturity, saturation and customer churn.

 

Pelatro provides its "mViva" platform for use by customers in B2C and B2B
applications and is well positioned in the Customer Engagement space. Our
technology orchestrates the digital journey of the customers of the telcos
through contextual, relevant and real time offers and loyalty programs across
multiple channels including websites, social media, apps and others.

 

For more information about Pelatro, visit www.pelatro.com

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