Directorship Change
Matthew Beardmore steps down as Non-Executive Chairman; Marcus Yeoman appointed as interim Independent Non-Executive Chairman.
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Pri0r1ty Intelligence Group PLC announces that effective immediately Matthew Beardmore is stepping down as Non-Executive Chairman following a successful transition of management and administration responsibilities after the Company's reverse takeover of Alteration Earth plc on 30th December 2024. Mr Marcus Yeoman has been appointed as Independent Non-Executive Chairman on an interim basis with immediate effect.
The Board wishes to thank Matthew for his hard work, contribution and leadership during the transaction and more recently the transition period and wish him well with his ongoing role as CEO of Primorus Investments plc, the Company's 12.1% shareholder.
The Board welcomes Marcus as Independent Non-Executive Chairman. Marcus' early sector experience focussed on IT infrastructure and distribution before he established an extensive capital markets career having previously worked at Rathbone Stockbrokers Limited and Cheviot Capital Limited. In 2003, Marcus established Springtime Consultants Ltd and has been acting as a consultant or Non-Executive Director to a number of listed companies and SME ventures over the past 25 years, including AIM traded Reach4Enertainment Ltd (2011 to 2021) and Mesh Holdings Plc (2017 to 2019). Marcus is currently Chairman of Main List Medcaw Investments Plc and a Non-Executive Director at CapAI Plc as well as being a director of a number of private companies across a range of sectors.
Comment from Company CEO, James Sheehan:
"I would like to welcome Marcus to the Board as interim Non-Executive Chairman and thank Matthew for his work during the reverse takeover and subsequent handover of responsibilities. The Chairman role is an important feature of corporate governance in any listed company. Marcus has a wealth of experience in the City working with growth companies in particular, and I look forward to working closely with him as we continue to progress the development and growth of PR1."
The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Mr. Marcus Yeoman, aged 61:
| Current Directorships/Partnerships | Past Directorships/Partnerships (within 5 years) |
| Amigo Distributors Limited Springtime Consultants Ltd CapAI PLC Medcaw Investments PLC Pennymoor Timber Ltd The Official Test Centre Ltd Tower Green Holdings Ltd Kipling House Investment Ltd Peter Nicholson Films Limited One Line Films Ltd Kipling House Investments Limited The Official Test Centre Limited | Hancock Scotland Limited Alfi Ltd Storyboard Assets PLC Windhorse Aerospace Ltd Melrose & Morgan Ltd Dewynters Limited Newmans Displays Ltd Miroma Set Ltd (formerly Reach4entertainment Enterprises Limited & Reach4entertainment Enterprises Plc) Kyma Leisure Limited STN Sports Limited R4E Plc Reach4Entertainment Ltd Go Little Birdee Limited Reach4Talent Limited Reach4Digital Limited Reach4Sponsorship Limited Reach4Creative Limited Reach4Events Limited Greendale Group Welba App Limited BOS Global Holdings Limited Widetek Limited Intosol Holdings Plc R4E Limited FWS Carter & Sons Ltd |
Marcus was appointed as a director of Hancock Scotland on 3 March 2020. On 10 May 2022, the court issued a winding-up order for the company, which remains ongoing and has not yet been completed.
Marcus was a director of Westgolf (UK) Limited between Jan 1999 and Nov 2002. On 23 Jun 2003, the company was placed into liquidation with an estimated deficiency to creditors of £938,267; and Marcus was a director of Diamond Lifestyle Holdings plc at the time of its being wound up by a voluntary creditors' liquidation on 22 July 2008.
Nominated Adviser Statement
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