REG - Zytronic PLC - Board Changes

ZytronicAnnouncement

04/03/2022 10:45

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RNS Number : 6921D  Zytronic PLC  04 March 2022

4 March 2022

Zytronic plc

("Zytronic" or the "Company")

 

Board Changes

 

 

Zytronic, the North-East of England based leading specialist manufacturer of
touch sensors for self-service, gaming and industrial applications, announces
the following Board changes.

 

Following the AGM yesterday, Tudor Davies has stepped down from his role as
Director (including as Chair of the Company) and the Board has subsequently
appointed David Buffham, currently an Independent Non-executive Director, as
its Chair.

 

The Company would also like to confirm, that after an extensive search for a
new Independent Non-executive Director, the Board have today appointed
Alexander Mark Butcher ("Mark"), who is a qualified Chartered Accountant.

 

Mark brings a wealth of Board experience and is presently a Non-executive
Director of Redde Northgate plc, East Balkan Properties plc and National Milk
Records plc, where he also Chairs their Audit Committees and is either Chair
or a member of their Remuneration Committees.  Mark is also a Non-executive
Director of AssetCo plc.

 

Mark Cambridge CEO of Zytronic, commented: "I would like to thank Tudor for
his stewardship of the Board and from a personal standpoint his support and
guidance over the last 10 years.  I congratulate David on his appointment as
the new Chair and I am also pleased to welcome Mark and look forward to his
input in helping the Board shape the future of the business, as we move out of
the impacts of the COVID-19 pandemic era."

 

As required under Schedule Two, paragraph (g) of the AIM Rules for Companies,
further disclosures on Mark Butcher are as follows:

 

 Full name                                     Alexander Mark Butcher
 Age                                           63
 Current beneficial shareholding in the Group  None
 Current Directorships                         Former Directorships (previous five years)
 Redde Northgate plc                           Coldharbour Technology Limited

 East Balkan Properties plc                    Coldharbour Marine Trustees Limited

 National Milk Records plc                     Coldharbour International Limited

 AssetCo plc                                   Stockdale Securities Limited

 14-16 Fernlea Road Management Limited         IHOD Limited

                                               Milk Pension Fund Trustees Limited

                                               Meritwell Limited

                                               Meritwell II Limited

Mr Butcher was appointed a director of Panfida Capital plc and Panfida
Services (UK) Limited in November 1986 and May 1991 respectively. Both
companies were placed into liquidation in April 1992.

 

 

 

 

Enquiries:

 

 Zytronic plc                               0191 414 5511

 Mark Cambridge, Chief Executive

 Claire Smith, Group Finance Director

 Singer Capital Markets                     020 7496 3000

(Nominated Adviser and Broker)

 Aubrey Powell, Rachel Hayes, Amanda Gray

 

About Zytronic

 

Zytronic is a world-renowned developer and manufacturer of a unique range of
internationally award winning optically transparent interactive touch sensor
overlay products for use with electronic displays in industrial, self-service
and public access equipment.

Zytronic's products employ a sensing solution that is readily configurable and
embedded in a laminate core that offers significant durability, environmental
stability and optical enhancement benefits to system designers specific
requirements.

Zytronic has continually developed process and technological know-how and IP
since the late 1990's around two sensing methodologies; the first being single
touch self-capacitive which Zytronic markets as PCT™ ("Projected Capacitive
Technology") and the second being multi-touch, multi-user mutual-capacitive
which Zytronic markets as MPCT™ ("Mutual Projected Capacitive Technology"),
in which Zytronic holds five granted patents.

Zytronic operates from a single site near Newcastle-upon-Tyne in the United
Kingdom. Zytronic is relatively unique in the touch eco-system as it offers a
complete one-stop solution from processing internally the form and factor of
the glass substrates, assembles their touch overlay products to customers
specific requirements, in environmentally controlled cleanrooms and develops
the bespoke firmware, software and electronic hardware to link the interactive
overlays to customer's integrated systems and products.

 

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