REG - Zytronic PLC - Board Changes

ZytronicAnnouncement

18/12/2024 07:00

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RNS Number : 4860Q  Zytronic PLC  18 December 2024

18 December 2024

 

Zytronic plc

 

("Zytronic" or the "Company" and its subsidiaries)

 

Board Changes

 

The Board of Zytronic plc, a leading specialist manufacturer of touch sensors,
announces it has agreed to the recent request of Henry Spain Investment
Services Limited ("Henry Spain"), the largest individual shareholder in the
Company, to admit Dr Glen Arnold to the Board as its representative, effective
today.

 

Glen will join as a Non-executive Director and the role will be unpaid. His
 appointment will be for a fixed-term period, concluding no later than one
year after appointment. Glen has worked as an Investment Manager for Henry
Spain since 2021. He is also an author of investment books and university
textbooks on financial management.

 

Although the Board recognises that Glen is not independent by virtue of the
shareholding interest of Henry Spain, it considers that his temporary
appointment will provide it with additional insight on where value within the
business lies from a shareholder perspective, whilst the Board continues its
work with FRP Advisory Trading Limited on maximising returns via a solvent
liquidation, as announced on 14 November 2024.

 

The following disclosures are required regarding Glen Christopher
Arnold's (aged 63) appointment pursuant to AIM  Rule 17 and Schedule 2(g) of
the AIM Rules for Companies ("AIM Rules"):

 

·      Glen has a direct interest in Zytronic plc of 45,897 ordinary
shares.

·      Henry Spain, for whom Glen is an employee, has an interest in
Zytronic of 1,923,606 ordinary shares.

·      Glen is currently a director of Opus Eris Limited.

 

Save as set out above, there is no further information to be disclosed in
respect of Glen Arnold under AIM  Rule 17 and Schedule 2(g) of the AIM
Rules.

 

Enquiries:

 Zytronic plc                                           0191 414 5511

 Mark Cambridge, Chief Executive

 Claire Smith, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Broker)  020 7496 3000

 Alex Bond, Samed Ethemi (Investment Banking)

 

Notes to Editors

The Company's trading entity Zytronic Displays Limited ("ZDL") is an
established developer and manufacturer of a 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.

 

ZDL has continually developed process and technological know-how and
intellectual property since the late 1990's around two projected capacitance
("PCAP") sensing methodologies; trademarked by it as PCT™ ("Projected
Capacitive Technology") and MPCT™ ("Mutual Projected Capacitive
Technology"), in respect of which 20 internationally granted patents are held.
As part of this the Company has invested in and developed an advanced
electronic PCAP controller, the ZXY500, which incorporates a specialist
Application Specific Integrated Circuit ("ASIC") specified and owned by
Zytronic, and bespoke firmware on the controller processor.

 

ZDL's PCAP sensing solutions are readily configurable and embedded in a
laminate core which offers significant durability, environmental stability,
and optical enhancement benefits to meet system-specific design requirements.

 

The Company is headquartered at Blaydon-upon-Tyne in the United Kingdom. ZDL
operates from this site, providing its manufactured products globally through
a number of sales channel partners. ZDL differentiates itself from others in
the touch eco-system as it offers a complete one-stop solution including
processing internally of the form and factor of glass and film substrates, the
assembly of the associated touch overlay products, in environmentally
controlled cleanrooms to customer's specific requirements and the development
of the bespoke firmware, software and electronic hardware which comprise the
controller that links the manufactured touch interactive overlays to a
customer's integrated systems and product.

 

For more information about ZDL's technologies and products, and the Company
please see www.zytronic.co.uk (https://www.zytronic.co.uk/)

 

 

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