REG - Pelatro PLC - Directorate Change

PelatroAnnouncement

05/12/2022 15:45

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RNS Number : 6422I  Pelatro PLC  05 December 2022

5 December 2022

 

Pelatro Plc

("Pelatro" or the "Group")

Directorate Change

Pelatro Plc (AIM: PTRO), the Customer Engagement Hub software specialist for
enterprises, is pleased to announce the appointment of Henry ("Harry") Berry
as Independent Non-Executive Director and Chairman of the Board with immediate
effect.

Harry is an experienced chairman and non-executive director, most recently as
non-executive director of AIM quoted CyanConnode Holdings plc. Prior to
holding various non-executive positions, Harry spent more than 30 years at
British Telecom (BT) in several roles including Global Product Management,
Customer Service, New Product Development and Marketing as well as managing
significant R&D programmes. Additionally, Harry created BT Brightstar in
2000 which was set up to exploit BT's R&D to create technology spinouts.

In 2003, at which time Subash Menon was its CEO, Subex Limited acquired Azure
Solutions International ("Azure"). As a result, New Venture Partners (NVP), as
a shareholder of Azure, became a major shareholder in Subex. Harry was at that
time European Managing Partner of NVP and joined the board of Subex as their
representative from 2006 to 2010.

Subash Menon, CEO of Pelatro commented:

"I am delighted to welcome Harry to the board of Pelatro. His blend of deep
telco knowledge and board experience will bring huge benefits to the Group as
we progress with our growth plans"

 

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

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

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

 

INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM
RULES FOR COMPANIES ("AIM RULES")

 Full name:                                                    Henry James Berry
 Age:                                                          75
 Shareholding in the Company:                                  None
 Current directorships and partnerships:                       None
 Historic directorships and partnerships in previous 5 years:  CyanConnode Holdings

                                                               CyanConnode LTD

                                                               HJB Brightstar Consultancy Limited

There is no further information to be disclosed in relation to the director
appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM
Rules.

 

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