REG - Pri0r1ty Intel Grp. - Directorship Change

Pri0r1ty IntelligenceAnnouncement

25/03/2025 14:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250325:nRSY1077Ca&default-theme=true

RNS Number : 1077C  Pri0r1ty Intelligence Group PLC  25 March 2025

25 March 2025

 

PRI0R1TY INTELLIGENCE GROUP PLC

("Pri0r1ty" or the "Company")

 

Directorship Change

 

Pri0r1ty Intelligence Group PLC announces that effective immediately Matthew
Beardmore is stepping down as Non-Executive Chairman following a successful
transition of management and administration responsibilities after the
Company's reverse takeover of Alteration Earth plc on 30(th) December 2024. Mr
Marcus Yeoman has been appointed as Independent Non-Executive Chairman on an
interim basis with immediate effect.

The Board wishes to thank Matthew for his hard work, contribution and
leadership during the transaction and more recently the transition period and
wish him well with his ongoing role as CEO of Primorus Investments plc, the
Company's 12.1% shareholder.

The Board welcomes Marcus as Independent Non-Executive Chairman. Marcus' early
sector experience focussed on IT infrastructure and distribution before he
established an extensive capital markets career having previously worked at
Rathbone Stockbrokers Limited and Cheviot Capital Limited. In 2003, Marcus
established Springtime Consultants Ltd and has been acting as a consultant or
Non-Executive Director to a number of listed companies and SME ventures over
the past 25 years, including AIM traded Reach4Enertainment Ltd (2011 to 2021)
and Mesh Holdings Plc (2017 to 2019). Marcus is currently Chairman of Main
List Medcaw Investments Plc and a Non-Executive Director at CapAI Plc as well
as being a director of a number of private companies across a range of
sectors.

Comment from Company CEO, James Sheehan:

"I would like to welcome Marcus to the Board as interim Non-Executive Chairman
and thank Matthew for his work during the reverse takeover and subsequent
handover of responsibilities. The Chairman role is an important feature of
corporate governance in any listed company. Marcus has a wealth of experience
in the City working with growth companies in particular, and I look forward to
working closely with him as we continue to progress the development and growth
of PR1."

The following information is disclosed pursuant to Rule 17 and Schedule Two
paragraph (g) of the AIM Rules for Companies in relation to Mr. Marcus Yeoman,
aged 61:

 Current Directorships/Partnerships  Past Directorships/Partnerships (within 5 years)
 Amigo Distributors Limited          Hancock Scotland Limited

 Springtime Consultants Ltd          Alfi Ltd

 CapAI PLC                           Storyboard Assets PLC

 Medcaw Investments PLC              Windhorse Aerospace Ltd

 Pennymoor Timber Ltd                Melrose & Morgan Ltd

 The Official Test Centre Ltd        Dewynters Limited

 Tower Green Holdings Ltd            Newmans Displays Ltd

 Kipling House Investment Ltd        Miroma Set Ltd (formerly Reach4entertainment Enterprises Limited &

                                   Reach4entertainment Enterprises Plc)
 Peter Nicholson Films Limited

                                   Kyma Leisure Limited
 One Line Films Ltd

                                   STN Sports Limited
 Kipling House Investments Limited

                                   R4E Plc
 The Official Test Centre Limited

                                   Reach4Entertainment Ltd

                                     Go Little Birdee Limited

                                     Reach4Talent Limited

                                     Reach4Digital Limited

                                     Reach4Sponsorship Limited

                                     Reach4Creative Limited

                                     Reach4Events Limited

                                     Greendale Group

                                     Welba App Limited

                                     BOS Global Holdings Limited

                                     Widetek Limited

                                     Intosol Holdings Plc

                                     R4E Limited

                                     FWS Carter & Sons Ltd

 

Marcus was appointed as a director of Hancock Scotland on 3 March 2020. On 10
May 2022, the court issued a winding-up order for the company, which remains
ongoing and has not yet been completed.

Marcus was a director of Westgolf (UK) Limited between Jan 1999 and Nov 2002.
On 23 Jun 2003, the company was placed into liquidation with an estimated
deficiency to creditors of £938,267; and Marcus was a director of Diamond
Lifestyle Holdings plc at the time of its being wound up by a voluntary
creditors' liquidation on 22 July 2008.

 

For further information, please contact:

 

Pri0r1ty Intelligence Group PLC

James Sheehan, Chief Executive Officer

Email: ir@pri0r1ty.com

 

Nominated Adviser (NOMAD)

Beaumont Cornish Limited

James Biddle/ Roland Cornish

Email: james@b-cornish.co.uk

Tel: +44 (0) 20 7628 3396

 

Broker

Allenby Capital Limited

Kelly Gardiner/ Jeremy Porter/ Piers Shimwell

Tel: +44 (0) 20 3328 5656

 

Financial PR Adviser

Camarco

Marc Cohen, Gabriel Hedengren, Emily Hall

Email: Pri0r1ty@camarco.co.uk

Tel: +44 (0) 20 3757 4980

 

About Pri0r1ty Intelligence Group PLC

One of the few companies to list on AIM last year, Pri0r1ty Intelligence Group
is an AI company transforming professional growth services for SMEs. As an
SME, Pri0r1ty understands the unique challenges faced by smaller businesses
and has developed an AI Software-as-a-Service (SaaS) platform tailored to meet
these needs. Pri0r1ty's platform offers cost-effective solutions that automate
essential services like social media management, investor relations, and
corporate governance. By reducing reliance on expensive external providers,
the company empowers SMEs to streamline operations and focus on growth.

 

Nominated Adviser Statement

Beaumont Cornish Limited ("Beaumont Cornish"), is the Company's Nominated
Adviser and is authorised and regulated in the United Kingdom by the Financial
Conduct Authority. Beaumont Cornish's responsibilities as the Company's
Nominated Adviser, including a responsibility to advise and guide the Company
on its responsibilities under the AIM Rules for Companies and AIM Rules for
Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont
Cornish is not acting for and will not be responsible to any other persons for
providing protections afforded to customers of Beaumont Cornish nor for
advising them in relation to the proposed arrangements described in the
announcement or any matter referred to in it.

 

Cautionary Statement

Note: Certain statements in this press release are forward-looking. Although
these forward-looking statements are made in good faith based on the
information available to the Directors at the time of their approval of the
press release, we can give no assurance that these expectations will prove to
have been correct. Because these statements involve risks and uncertainties,
actual results may differ materially from those expressed or implied by these
forward-looking statements. We undertake no obligation to update any
forward-looking statements whether as a result of new information, future
events or otherwise.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAPPUPGWUPAGCA