REG - SDI Group PLC - Board Changes

SDIAnnouncement

30/06/2022 07:15

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RNS Number : 7166Q  SDI Group PLC  30 June 2022

SDI Group plc

("SDI", "SDI Group", the "Company" or the "Group")

(AIM: SDI)

Board Changes

 

SDI Group plc, the AIM quoted group focused on the design and manufacture of
scientific and technology products for use in digital imaging and sensing and
control applications, is pleased to announce the forthcoming appointment of
Ami Sharma as successor to CFO Jon Abell. Ami will join the Board as Chief
Financial Officer on 8 August 2022. As previously announced in January 2022,
Jon Abell is due to retire in the summer and will assist in an orderly
handover until the end of September 2022.

Ami was previously CFO at FTSE 250 listed Ultra Electronics Holdings plc, and
Finance Director at Gibbs & Dandy plc.  He has held senior finance roles
at Senior plc, Saint Gobain Building Distribution and was previously an audit
manager with KPMG. He is a Fellow of the Institute of Chartered Accountants in
England and Wales. Ami's commercial experience includes international
manufacturing, aerospace and defence.

The Company also announces that Isabel Napper, Non-Executive Director, is
stepping down from the board effective 8 August 2022. The recruitment of a new
independent Non-Executive Director is well advanced and the Company look
forward to making an announcement in due course.

 

Ken Ford, Chairman of SDI, commented:

"We are delighted to announce the forthcoming appointment of Ami to the Board
as Chief Financial Officer. The skillset and experience that he brings to SDI
will be invaluable as the business continues to grow.

We would also like to thank Isabel for her help and guidance over the past
years. Her advice has been very valuable and we wish her all the best for the
future."

 

Enquiries

SDI Group plc
 
01223 320480

Ken Ford, Chairman

Mike Creedon, CEO

Jon Abell, CFO

www.sdigroup.com

 

finnCap Ltd
 
020 7220 0500

Ed Frisby/Kate Bannatyne/Milesh Hindocha - Corporate Finance

Andrew Burdis/Sunila de Silva - ECM

 

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

 Full name:                                   Amitabh Sharma
 Age:                                         55
 SDI shares held:                             None
 Current directorships:                       None
 Historic directorships in previous 5 years:

                                              AEP Networks Limited

                                              CORVID Holdings Limited

                                              CORVID Paygate Limited

                                              CORVID Protect Holdings Limited

                                              DF Group Limited

                                              EW Simulation Technology Limited

                                              Giga Communications Limited

                                              Ultra Electronics (USA) Group Inc

                                              Ultra Electronics Finance Switzerland AG

                                              Ultra Electronics (Netherlands) Limited

                                              Ultra Electronics Canada Inc.

                                              Ultra Electronics Finance Limited

                                              Ultra Electronics Holdings Plc

                                              Ultra Electronics Inc.

                                              Ultra Electronics Limited

                                              Ultra Electronics Maritime Systems Inc.

                                              Ultra Electronics Pension Trustee Company Limited

                                              Ultra Electronics Swiss Holdings Company Limited

                                              Ultra Electronics TCS Inc.

                                              Vados Systems Limited

                                              Weed Instruments Company Inc.

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

 

About SDI Group plc:

SDI designs and manufactures scientific and technology products for use in
digital imaging and sensing and control applications including life sciences,
healthcare, astronomy, manufacturing, precision optics and art conservation.
SDI operates through its company divisions: Atik Cameras, Synoptics,
Graticules Optics, Sentek, Astles Control Systems, Applied Thermal Control,
MPB Industries, Chell Instruments, Monmouth Scientific, Uniform Engineering
and Safelab Systems.

SDI continues to grow by developing its own technology advancements and by
improving its global sales channels, as well as through pursuing strategic,
complementary acquisitions.

www.sdigroup.com (http://www.sdigroup.com)

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.

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