Appointment of Non-Executive Chairman
29/09/2020 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:20200929:nRSc3495Aa
RNS Number : 3495A S-Ventures PLC 29 September 2020
29 September 2020
S-VENTURES PLC
("S-Ventures" or the "Company")
Appointment of Non-Executive Chairman
The Company is pleased to announce the appointment of David McNeil Mitchell to
the Board of Directors, as Non-Executive Chairman of S-Ventures with immediate
effect.
David Mitchell - Chairman
Mr Mitchell founded Astron Group, a provider of document management solutions
and associated business process outsourcing services in 1996, following a
management buy in/ buyout and subsequent secondary buyout of three print
related businesses. He oversaw as Managing Director and founder the dynamic
and robust growth of this business leading to its sale to Chicago based RR
Donnelley & Sons, the world's largest print group for US $1 Billion.
Mr Mitchell is also currently Chairman of Perigord Limited, the Dublin based
leading pharma content management and software provider for the pharmaceutical
sector. David is also a founder shareholder of 24 Haymarket Limited. 24
Haymarket Limited is an FCA regulated HNW and UHNW members investment platform
and syndicate, with offices in London and Edinburgh. David has overseen and
invested in a number of companies in various sectors. David lives in Surrey
and is a keen golfer and a highly qualified SCUBA diver.
CEO & Director, Scott Livingston added:
"Newly listed S-Ventures PLC appoints and welcomes serial deal maker and
entrepreneur David Mitchell to the board as Non-Executive Chairman.'
S-Ventures PLC joined the AQSE Growth Market with its recent listing, with a
very capable board and big investing plans ahead in the natural and organic
consumer sectors. We are excited about adding David to the board with his
wealth of deal-making knowledge as the Company looks to implement its
investment strategy in this exciting sector."
David Comments: "I am delighted to join the board of S-Ventures PLC and work
alongside an experienced and focussed team to grow the business and expand the
group in a very interesting sector at a time when wellness and snacking habits
are changing dramatically. Very exciting times for S-Ventures PLC."
Board comments: "The board of S-Ventures PLC are excited to welcome David to
the board; the experience and approach of David will be vital in the coming
years as we acquire and expand S-Ventures PLC."
Further information on David McNeil Mitchell:
Mr Mitchell currently has an interest of 1,875,000 ordinary shares in the
Company, representing 2.5% of the Company's issued share capital.
Save as set out below, there is no further information regarding David McNeil
Mitchell that is required to be disclosed pursuant to Appendix 1, Table A,
paragraph 5.1.2 of the AQSE Exchange Growth Market - Rules for Issuers.
Current Directorships Previous Directorships
Focus24 Limited LA Fashion Enterprise Limited
Greystone Management Limited 24 Haymarket Limited
Perigord Limited
Mr. Mitchell was a director of LA Fashion Enterprise Limited that was placed
into creditors voluntary liquidation on 10 October 2019 with an estimated
deficiency to creditors of £394,719.
Mr. Mitchell was a director Csee Limited T/A Csee Boutique, that was placed
into creditors voluntary liquidation in 2013 with an estimated deficiency to
third party creditors of approximately £26,320.
The directors of the issuer accept responsibility for the contents of this
announcement.
For further information, please contact:
The Company
Robert
Hewitt
+44 (0) 1932 400 224
AQSE Corporate Adviser:
Peterhouse Capital Limited
Guy Miller/Allie
Feuerlein
+44 (0) 20 7469 0936
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David McNeil Mitchell
2 Reason for the notification
a) Position/status non-executive chairman
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name S-Ventures plc
b) LEI 213800QIR9TOFVDFEQ57
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 0.1 pence each in S-Ventures Plc
Identification code
Identification code (ISIN) for S-Ventures Plc ordinary shares: GB00BN29LY68
b) Nature of the transaction Disclosure of Ordinary Shares and warrants
c) Price(s) and volume(s) Price(s) Volume(s)
50%:2p 1,250,000 shares
50%:4p 625,000 shares
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 16 September 2020
f) Place of the transaction AQSE Growth Market
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 0.1 pence each in S-Ventures Plc
Identification code (ISIN) for S-Ventures Plc ordinary shares: GB00BN29LY68
b)
Nature of the transaction
Disclosure of Ordinary Shares and warrants
c)
Price(s) and volume(s)
Price(s) Volume(s)
50%:2p 1,250,000 shares
50%:4p 625,000 shares
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
16 September 2020
f)
Place of the transaction
AQSE Growth Market
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 NEXUWVVRRNUKUAR