TIDMAFRN

RNS Number : 3743V

Aferian PLC

04 April 2023

4 April 2023

AFERIAN PLC

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

Board Change

Aferian plc (LSE AIM: AFRN), the B2B video streaming solutions company, today announces that Max Royde has been appointed to the Board as a Non-Executive Director. Max Royde is a managing partner at Kestrel Partners, an investment management company specialising in business-critical software companies, which has a beneficial holding in Aferian of 22,781,891 shares or 26.12% of the issued share capital of the Company.

Mark Wells, Non-Executive Chairman of Aferian said: "On behalf of the Board and the entire Aferian team, I am pleased to welcome Max Royde to our Board. Max has over 20 years' experience in the technology sector and brings a wealth of expertise in supporting business-critical software companies like Aferian."

Additional information

The following information is being disclosed pursuant to Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies.

Matthew Max Edward Royde (51 years old) has been a director or partner of the following companies during the five years preceding the date of the announcement:

 
 Current directorships and/or           Past directorships and/or partnerships 
  partnerships 
 K estrel Partners LLP                  Tialis Essential IT PLC 
                                       --------------------------------------- 
 F indlay Park Partners LLP             Ingenta plc 
                                       --------------------------------------- 
 E lms Road Capital Limited             Kestrel Investment Partners LLP 
                                       --------------------------------------- 
 Track Record Holdings Limited 
                                       --------------------------------------- 
 Trailight Ltd 
                                       --------------------------------------- 
 IQGeo PLC 
                                       --------------------------------------- 
 Charles Connell & Company (Holdings) 
  Ltd 
                                       --------------------------------------- 
 CentralNIC Group plc 
                                       ---------------------------------------

Save as set out above there are no further disclosures required pursuant to Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies.

For further information please contact:

 
Aferian plc                                                          +44 (0)1223 598197 
Donald McGarva, Chief Executive Officer 
 Mark Carlisle, Chief Financial Officer 
 
Investec plc (NOMAD and Broker)                                      +44 (0)20 7597 5970 
David Anderson / Patrick Robb / Nick Prowting / Cameron MacRitchie 
 
FTI Consulting LLP (Financial communications)                        +44 (0)20 3727 1000 
Matt Dixon / Emma Hall / Tom Blundell

About Aferian plc

Aferian plc (AIM: AFRN) is a B2B video streaming solutions company. Our end-to-end solutions bring live and on-demand video to every kind of screen. We create the forward-thinking solutions that our customers need to drive subscriber engagement, audience satisfaction, and revenue growth.

It is our belief that successful media companies and services will be those that are most consumer-centric, data driven and flexible to change. We focus on innovating technologies that enable our customers to stay ahead of evolving viewer demand by providing smarter, more cost-effective ways of delivering end-to-end modern TV and video experiences to consumers. By anticipating technological and behavioural audience trends, our software solutions empower our customers to heighten viewer enjoyment, drive growth in audience share and ultimately their profitability.

Aferian plc has two operating companies: 24i, which focusses on streaming video experiences, and Amino, which connects Pay TV to streaming services. Our two complementary companies combine their products and services to create solutions which ensure that people can consume TV and video how and when they want it. Our solutions deliver modern TV and video experiences every day to millions of viewers globally, via our growing global customer base of over 500 service providers.

Aferian plc is traded on the London Stock Exchange's AIM stock market (AIM: symbol AFRN). Headquartered in Cambridge, UK, the Company has over 350 staff located in 11 offices, including in such major European cities as Amsterdam, Helsinki, Copenhagen and Brno, as well as in San Francisco and Hong Kong. For more information, please visit www.aferian.com .

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END

BOASSIFMLEDSESL

(END) Dow Jones Newswires

April 04, 2023 12:08 ET (16:08 GMT)

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