REG - SEEEN PLC - CEO Appointment

SEEENAnnouncement

11/07/2022 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:20220711:nRSK9283Ra&default-theme=true

RNS Number : 9283R  SEEEN PLC  11 July 2022

SEEEN plc

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

CEO Appointment

SEEEN plc (AIM: SEEEN), the video optimisation platform company offering
proprietary technology products and services to brands, creators and
publishers for harvesting video moments to enable discovery, sharing,
e-commerce and improved digital marketing yield, is pleased to announce the
promotion of Adrian Hargrave as the Group's CEO and return of Akiko Mikumo and
David Anton as non-executive directors following their work as Interim
Co-CEOs.

As the Group noted in its recently released accounts, during 1H 2022 the
Company released its initial products and now has successfully launched its Go
to Market program with several customer wins and a growing sales pipeline.
Beyond his current role as Chief Financial Officer, Adrian has led the closure
of several customer wins and helped develop the sales pipeline and pricing
structures.

The Board intends to appoint a Chief Financial Officer in the near term, with
Adrian continuing to work with the finance team until then.  Currently, the
Board is reviewing various candidates and intends to solicit the input from
its stakeholder groups.

 

Chairman, Patrick DeSouza, commented: "We welcome Adrian to his new role that
really is not new to him. As SEEEN has gained commercial traction during 1H
with customer wins, Go to Market partnerships and various customer deliveries
of our video moments technology, Adrian has been in the middle of the process
showing leadership in support of Akiko and David, our Interim Co-CEOs.
Adrian also brings the important dimension of having worked in the London
financial market for most of his career and is well known to our institutional
investors. To be sure, as Akiko notes below, it is really our whole team
including our CTO and President of our MCN business that have banded together
during demanding times to deliver a growing company in a growing media-tech
market."

Akiko Mikumo, Vice Chair, added: "It is now the right time for David and I to
step back into non-executive roles, as the Group has a clearly defined path
for commercialisation that we are confident Adrian will execute. David and I
have also been extremely impressed with the other senior members of the
management team, Jake Desjarlais and Jacob Coby, who both understand what is
required to succeed in this market and we look forward to the team working
together to deliver significant value to all our shareholders."

Chief Executive Officer, Adrian Hargrave, added: "I appreciate the vote of
confidence and am excited about the Group's opportunities going forward.  We
are already delivering results for our customers through the use of Key Video
Moments. These referenceable customers will help us accelerate customer
acquisition.  Market demand will grow as video asset owners focus more
strongly on their video ROI, including direct e-commerce sales and media
monitoring. The Board identified core sales KPIs in our recent 2021 Final
Results and the team is focused on delivering against each of these to drive
strong results for our shareholders."

 

 

 SEEEN
 Adrian Hargrave, CEO                                        Tel: +44 (0)7775 701 838

 Patrick DeSouza, Chairman

 Panmure Gordon                                              Tel: +44 (0)20 7886 2500

 (Financial Adviser, Nominated Adviser & Joint Broker)
 Alina Vaskina / Harriette Johnson (Corporate Advisory)
 Rupert Dearden (Corporate Broking)

 Dowgate Capital (Joint Broker)                              Tel: +44 (0)20 3903 7721
 Stephen Norcross

 

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  BOAFLFETDTIILIF