IP GROUP PLC Applied Graphene Materials, the producer of specialty graphene materials, announces the appointment of David Jonathan Blain, aged 56, to the Board as Chief Financial Officer of the Company, with effect from 22nd October 2018. David is a chartered accountant with over 30 years' experience, who having worked in practice with Price Waterhouse has operated for many years at Board level in both fully listed and AIM companies.
David joins AGM from Nanoco Group plc, a nanotechnology business specialising in semiconductor material licences and products for the display, lighting and bio diagnostic imaging markets, where he operated as Chief Financial Officer and Company Secretary. During his time at Nanoco David led the finance team and, in addition to overseeing day to day finance functions, successfully completed an £8 million fundraise in November 2017. Prior to this he spent seven years at Inspired Capital plc (formerly Renovo Group plc), a fully listed biotech company which, following cessation of biotech activities, acquired a company lending funds to small businesses. Operating as CFO and Company Secretary he played a significant role in the acquisition of Ultimate Finance Group plc. During his tenure the business increased its market capitalisation to £150m, employing 170 staff prior to its takeover by Tavistock in 2015.
The appointment of David comes at a period of significant planned development for the Company as it looks to generate and secure additional and ever larger orders.
Adrian Potts Chief Executive Officer, commented:
'We are delighted to welcome David to Applied Graphene Materials. His extensive commercial and operational experience coupled with his background in an early stage nanotechnology business will be a huge asset to the Company as it moves into the next phase of development. Additionally, having spent a considerable amount of time working in manufacturing and listed companies, setting strategy and growing businesses and teams we believe this will be of significant benefit as we look to advance the Company.'
ADDITIONAL INFORMATION
Other than as set out below, there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of Mr Blain's appointment.
Mr David Jonathan Blain, aged 56 is, or has been, a director of the following companies during the previous five years:
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Current directorships/partnerships | Past directorships/partnerships |
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For further information, please contact:
| Applied Graphene Materials |
+44 (0) 1642 438 214 |
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Adrian Potts Chief Executive Officer | |
|
N+1 Singer |
+44 (0) 207 496 3000 |
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Richard Lindley / James White | |
| Hudson Sandler |
+44 (0) 207 796 4133 |
| Charlie Jack / Emily Dillon |
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IP Group plc published this content on 09 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 October 2018 09:12:14 UTC
