REG - Satsuma Tech PLC - Board Change

Satsuma TechnologyAnnouncement

04/08/2025 07:00

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RNS Number : 7317T  Satsuma Technology PLC  04 August 2025

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
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information is now considered to be in the public domain.

 

 

4 August 2025

 

Satsuma Technology Plc

 

('Satsuma' or the 'Company')

 

Board Change

 

Satsuma Technology PLC (LSE: SATS), a public company pioneering the
convergence of Bitcoin treasury strategy and decentralised AI, is providing an
update on the board composition.

 

In light of the strategy to expand the Company and the time demands associated
with the management of the finance function, the Company has recruited Scott
Kaintz as an interim CFO to act in a non-board capacity. The board continues
to review potential value-add long-term CFO candidates with industry expertise
within decentralised finance.

 

Scott Kaintz has joined the senior management team and will act as non-board
member CFO. Scott is an experienced public markets executive with over 15
years of leadership across listed companies in both CEO and CFO roles. He has
successfully overseen numerous capital raises and executed cross-border
M&A and structured financings in the natural resources, energy, and
technology sectors. A longtime crypto enthusiast and early adopter, Scott has
actively engaged with the space since the mining era, building and operating
GPU mining rigs, trading through the rise of DeFi, and closely following
developments in blockchain infrastructure, digital assets, and tokenized
finance. The board believes his appointment provides the necessary support,
both in terms of financial systems as well as the listed company regulatory
landscape, that is immediately required.

 

Accordingly, the Company announces that Nick Lyth has stepped down as a
director and as CFO. Nick will continue to provide transitional services to
ensure the smooth completion of the funding and financial reporting associated
with our Prospectus filing with the Financial Conduct Authority and the
continued reporting obligations of the Company.

 

Henry K. Elder, CEO of Satsuma Technology, commented:

 

"The board and I would like to thank Nick Lyth for his efforts, particularly
aiding its execution of multiple workstreams during this transformational
period for Satsuma. Ultimately, the requirements and time demands for our CFO
following our raise would not have been compatible with Nick's other
appointments. Nick and Scott have been working together to ensure a smooth
transition of the CFO role and Nick will continue to assist Satsuma in the
near-term as a consultant. We welcome Scott to the team and we are pleased
bring into the fold his London markets experience."

 

ENDS

Enquiries:

 Satsuma Technology PLC                                        Tel: +44 (0)20 3855 8888

 Matt Lodge, Chairman
 Yellow Jersey PR

 Charles Goodwin / Annabelle Wills                             Tel: +44 (0)7747 788 221/

                                                               +44 (0)7775 194 357

 First Sentinel Corporate Finance Limited - Financial Adviser

 Brian Stockbridge                                             Tel: +44 (0) 20 3855 5551
 Fortified Securities - Broker

 Guy Wheatley                                                  Tel: +44 (0) 7493 989014

 

About Satsuma Technology PLC (SATS.L)

Headquartered in London, the Company is a publicly listed technology company
focused on Bitcoin-native treasury management and decentralized finance
focused artificial intelligence. The Company operates a treasury-first model,
aligning itself with the most secure monetary network in history - Bitcoin -
while building and investing in AI-based decentralized infrastructure and
applications.

Website: www.satsuma.digital (http://www.satsuma.digital)

 

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