CXS ChallengerX plc

 
TIDMCXS 
 
3 May 2022 
 
                                ChallengerX plc 
 
                       ("ChallengerX" or the "Company") 
 
                         Changes in Board Composition 
 
The Company (AQSE: CXS) announces today that Olivia Edwards has been appointed 
as Chief Executive Officer of the Company, effective immediately. Ms. Edwards 
holds a Bachelor of Arts in Cognitive Systems: Mind, Language & Computation and 
a Master of Management from the University of British Columbia. She has 
experience in capital markets through ideation, creation, and execution of new 
business ideas in emerging markets such as gaming and DeFi (crypto and NFTs). 
Ms. Edwards co-founded a company at the nexus of gaming, technology and media, 
called Paidia. She continues to support Paidia through investor relations and 
corporate communications. Ms. Edwards also has experience with capital pool 
companies (CPC). She is currently the founder and director of a CPC listed on 
the TSXV. Ms. Edwards is also the corporate communications manager at Pioneer 
Media Holdings Inc., a web3 technology incubator and works as Head of 
Partnerships with Pioneer's London based portfolio companies focusing on 
play-to-earn games. 
 
Nicholas James Lyth, a Qualified Accountant, has been appointed as the 
Company's Chief Financial Officer, effective immediately. Mr. Lyth has 
extensive experience as a Finance Director and Non-Executive Director to 
companies listed on the LSE, AIM, and AQSE. He is well-connected in the City of 
London and has extensive experience project managing company IPOs on stock 
exchanges. He has experience in investor relations, listed company rules, 
fundraising, and has spent 15 years working in Asia, where he has a broad 
network of contacts and a wealth of business experience. 
 
Brian Connell has resigned his position as CFO and CEO of the Company effective 
immediately to pursue other interests and will remain with the Company until 
the end of June to ensure an orderly handover.  The Board would like to thank 
Brian for his contribution to date and wish him well for the future. 
 
AQSE Rule 4.09 - Directors' Details 
 
Olivia Edwards and Nicholas James Lyth hold or have held the following 
directorships (including directorships of companies registered outside England 
and Wales) within the previous five years: 
 
Director      Current Directorships             Previous Directorships in the 
                                                last 5 years 
 
Olivia        Kua Investments Inc               N/A 
Edwards 
 
Nicholas      NFT Investments plc               Univision Engineering Ltd 
James Lyth    Clarify Pharma plc                Food Forward Global 
              Aqru plc                          Operations plc 
              Streaks Gaming plc                Altona Rare Earths plc 
                                                Taihua Ltd 
              IO Health plc                     Sealand Capital Galaxy Ltd 
              North Gate Management plc 
              Dark Peak Services Ltd 
              NL Consulting Ltd 
 
Olivia Edwards and Nicholas James Lyth: 
 
1.       do not have any unspent convictions in relation to indictable 
offences; 
 
2.       have not been a director of a company which has been placed in 
receivership, insolvent liquidation, administration, been subject to a 
voluntary arrangement or any composition or arrangement with its creditors 
generally or any class of its creditors whilst he was a director of that 
company or within the 12 months after he ceased to be a director of that 
company; 
 
3.       have not been a partner in any partnership which has been placed in 
insolvent liquidation, administration or been the subject of a partnership 
voluntary arrangement whilst he was a partner in that partnership or within the 
12 months after he ceased to be a partner in that partnership; 
 
4.       have not been the owner of any assets or a partner in any partnership 
which has been placed in receivership whilst he was a partner in that 
partnership or within the 12 months after he ceased to be a partner in that 
partnership; 
 
5.       have not been publicly criticised by any statutory or regulatory 
authority (including recognised professional bodies); or 
 
6.       have not been disqualified by a court from acting as a director of any 
company or from acting in the management or conduct of the affairs of a 
Company. 
 
This announcement contains information which, prior to its disclosure, 
constituted inside information as stipulated under Regulation 11 of the Market 
Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). 
 
About ChallengerX PLC: 
 
Listed on the Aquis Stock Exchange in London, ChallengerX plc, is a 
Software-as-a-Service "SaaS 2.0" monetization technology and digital marketing 
company serving sports clubs, players, sports news sites, and other influencers 
around the world. Its technology helps its customers, at no additional cost, 
generate incremental recurring revenues from their existing followers via a 
proprietary LOPI ("Leverage Other People's Influence) strategy. 
 
ChallengerX also offers bespoke service packages that help clubs develop and 
build their brand, rapidly grow their base of fans, gain additional higher-end 
sponsors, and source and sell club merchandise through a club-branded eStore 
the Company operates on each club's behalf. 
 
This announcement contains information which, prior to its disclosure, 
constituted inside information as stipulated under Regulation 11 of the Market 
Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). 
 
The directors of ChallengerX accept responsibility for this announcement. 
 
 
For further information please contact: 
 
ChallengerX plc 
 
Olivia Edwards, CEO                  Olivia@challengerx.io 
John May, Chairman 
Nicholas Lyth, CFO                   john@challengerx.io 
                                     nl@nlconsulting.co.uk 
 
First Sentinel 
 
Corporate Adviser                    brian@first-sentinel.com 
Brian Stockbridge                    +44 7876 888 011 
Jenny Liu 
 
 
 
END 
 
 

(END) Dow Jones Newswires

May 03, 2022 06:53 ET (10:53 GMT)

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