REG - Rosslyn Data Tech. - Directorate Change

Rosslyn Data TechnologiesAnnouncement

02/10/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231002:nRSB2772Oa&default-theme=true

RNS Number : 2772O  Rosslyn Data Technologies PLC  02 October 2023

2 October 2023

 

Rosslyn Data Technologies plc

("Rosslyn" or the "Company")

 

Directorate Change

 

Rosslyn (AIM: RDT), the provider of a leading cloud-based enterprise data
analytics platform, announces the retirement of Bernard ('Barney') Quinn as a
Non-executive Director with effect from 30 September 2023.

 

As previously notified, and having reached the nineth anniversary of his
appointment to the Board of Rosslyn, Barney is stepping down in line with
corporate governance best practice. Barney will provide support to the
Company, as required, to ensure an orderly handover to Ginny Warr, a
Non-executive Director of the Company, who succeeds Barney as Chair of the
Audit and Remuneration Committees.

 

The Board intends to appoint the Chief Financial Officer, Ed Riddell, to the
Board and a further announcement will be made on this in due course. In the
short term, with a view to managing costs, while the Company focuses on
reducing cash burn, the Board does not intend to seek to appoint a replacement
non-executive director. Accordingly, upon the appointment of Ed Riddell to the
Board, the Board will consist of two executive directors and two independent
non-executive directors. The Board will continue to keep its composition under
review to ensure that it remains efficacious and appropriate to meet the needs
of the Company.

 

James Appleby, Chairman of Rosslyn, said: "On behalf of the Board, I'd like to
extend our thanks to Barney for his tremendous contribution to Rosslyn. Having
joined the Board at the time of our IPO in 2014, he has played a fundamental
role in guiding the business though its journey on AIM and supporting the
Board and management team to enable Rosslyn to achieve its successes to date.
We are very grateful to Barney, and we wish him all the best for the future."

 

 

For further information please contact:

 

 Rosslyn
 Paul Watts, Chief Executive Officer                                                     +44 (0)20 3285 8008

 James Appleby, Chairman

 Cavendish Securities (Nominated adviser and Broker)
 Stephen Keys/Camilla Hume/George Lawson                                                 +44 (0)20 7220 0500

 Gracechurch Group (Financial PR)
 Claire Norbury/Anysia Virdi                                                             +44 (0)20 4582 3500

 

 

About Rosslyn Data Technologies plc

 

Rosslyn (AIM: RDT) provides an award-winning spend analytics and predictive
analytics platform. The Rosslyn Platform helps organizations with diverse
supply chains mitigate risk and make informed strategic decisions. It
leverages automated workflows, artificial intelligence and machine learning to
extract and consolidate procurement data providing visibility of complex
supplier data, enabling supplier spend savings and delivering rapid ROI. For
more information visit www.rosslyn.ai (http://www.rosslyn.ai/)

 

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  BOAGDBDGGGGDGXD