REG - System1 Group PLC - Update re Stefan Barden

System1Announcement

22/03/2022 07:16

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RNS Number : 5213F  System1 Group PLC  22 March 2022

 

 

   21(st) March 2022

 

 

System1 Group PLC (AIM: SYS1)

 ("System1", or "the Company", or "the Group")

 

Update re Stefan Barden

 

System1 Group PLC (AIM: SYS1) announces that further to the announcement on
4(th) January 2022, Stefan Barden has today informed the System1 board of
directors (the "Board") that he will be stepping down as an adviser to the
Board with effect from 31(st) March 2022.

 

Stefan was an adviser to the Board for 3 years, then a director for 18 months
as Covid hit (initially as COO, then CEO), before reverting to his role as an
adviser to the Board from 31(st) January 2022.

 

Options over 46,995 Ordinary Shares are retained by Stefan Barden and 253,005
share options have been cancelled in accordance with the terms of the System1
Group PLC Non-Employee Plan. He already owns 791,645 Ordinary Shares
representing 6.2% of the voting rights.

 

 

John Kearon, Founder and CEO, commented:

"On behalf of the Board, staff, investors and suppliers, past and present, I
would like to thank Stefan for 5 years of remarkable service to the Company. I
am extremely grateful for his many years of hard work and enormous
contribution".

 

Stefan Barden commented:

"After 5 years at System1 supporting John and the team transition from agency
to platform, I am comfortable that the time is right for me to dedicate more
time to my other investments. I wish the team the very best and remain a
supportive shareholder of the company."

 

This announcement contains inside information for the purposes of article 7 of
the
Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse
 (amendment) (EU Exit) Regulations 2019/310. Upon the publication of this
announcement, this inside information is now considered to be in the public domain and the Company confirms    that
it currently has no inside information.

 

The Company can be found at www.system1group.com (http://www.system1group.com)
.

 

 

For further information, please contact:

 System1 Group PLC                             Tel: +44 (0)20 7043 1000
 John Kearon, Founder and Executive President
 Chris Willford, Chief Financial Officer
 Canaccord Genuity Limited                     Tel: +44 (0)20 7523 8000
 Simon Bridges / Andrew Potts

 

 

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