Intercede Group PLC Directorate Change (6667D)
01 April 2014 - 8:00AM
UK Regulatory
TIDMIGP
RNS Number : 6667D
Intercede Group PLC
01 April 2014
Intercede Group plc
("Intercede")
Retirement and Appointment of Non-Executive Directors
Released: 01/04/2014
The Company announces that Jurek Sikorski is retiring by
rotation from the Intercede Board on 21 May 2014.
Jurek joined the Board on 4 December 2000 and has helped steer
the company through all stages of its growth since its listing on
AIM in 2001. He is currently Chairman of the Audit Committee and a
member of the Remuneration and Nomination Committees.
The Board wishes to record its thanks and appreciation to Jurek
for his professionalism and dedication throughout this period. His
valuable contributions and wise counsel have helped Intercede both
grow revenues and deliver significant shareholder value during his
period of office.
Intercede is also pleased to announce the appointment of Ben
Drury as an independent non-executive director, with immediate
effect.
Ben, 38, is currently Chief Executive of 7digital. He co-founded
7digital in 2004 after working at BT as Head of Music.
In 2009, Ben led the sale of 50% of 7digital to HMV Group plc
for GBP7.7m and then in 2012, raised a strategic investment round
of $10m from Dolby Laboratories, Inc. and Imagination Technologies
plc. Ben is currently working on a reverse takeover of UBC Media
plc that will give 7digital an AIM listing.
As of March 2014, 7digital employs 110 people in London, San
Francisco, Luxembourg and New Zealand and has grown revenues from
GBP240k in 2004 to more than GBP11m in 2012. 7digital's customers
include Samsung and Blackberry and it is estimated that over 100
million connected devices will ship with 7digital-powered services
per year.
Ben graduated from King's College London with BSc (Hons) Physics
with Philosophy of Science. He is an active angel investor and has
served as Deputy Chairman of the Entertainment Retailers
Association (ERA) and on the board of the Official UK Charts
Company. Ben also acts as an advisor to the Entrepreneur First
Program.
Welcoming Ben to the Board, Chairman Richard Parris said: "I am
delighted that Ben has agreed to join the Intercede Board. Ben's
knowledge of consumer markets, online media, digital rights
management and the licensing of mobility software platforms into
industry majors is highly relevant, as it will assist the Board in
most effectively shaping our business strategies in the consumer
smartphone security market.
Ben Drury said: "It is a pleasure to join the Intercede Board. I
admire both the company's management team and the technology that
Intercede has developed. Significant growth is expected for
security technology that protects digital content on mobile devices
and I look forward to assisting Intercede in exploiting its
potential around the globe."
The following information regarding Mr Drury's appointment is
required to be disclosed under Schedule 2g of the AIM Rules for
Companies:
Other directorships held:
Current: Within the last five years:
7digital Limited The Official UK Charts Company Limited
Entertainment Retailers Association
SD Music Stores Limited
There are no further disclosures to be made under Schedule 2g of
the AIM Rules.
[ends]
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558111
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
finnCap Ltd Tel. +44 (0)207 220 0500
Stuart Andrews/Rose Herbert, Corporate Finance
Joanna Weaving, Corporate Broking
Pelham Bell Pottinger Tel. +44 (0)7802 442486
Archie Berens
About Intercede
Intercede is a software company specializing in identity and
credential management with a global team of experts located in the
US and UK.
Intercede's MyID software enables organizations to create and
use trusted digital identities for employees, citizens and
machines. This allows secure access to services, facilities,
information and networks.
MyID meets the highest government standards yet is simple enough
to be deployed onto consumer devices such as smart phones and
tablets. Critically, MyID provides an easy, convenient and secure
alternative to passwords.
Millions of identities are managed using MyID and Intercede has
provided identity verification and management services to global
customers for more than 20 years. MyID is a commercial off the
shelf software product, designed and developed to be configurable
so it can be embedded as the cornerstone of cyber security
infrastructure for governments and corporations.
Customers trusting Intercede for secure digital identity include
the US and UK governments and some of the world's largest
corporations, telecommunications providers and information
technology partners.
For more information about Intercede, please visit
www.intercede.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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