AQX Aquis Exchange Plc

TIDMAQX

RNS Number : 6614T

Aquis Exchange PLC

26 November 2021

26 November 2021

Aquis Exchange PLC

("Aquis" or the "Group")

Appointment of New Chair

Aquis Exchange PLC (AQX.L), the exchange services group, is pleased to announce that Glenn Collinson has been appointed to succeed Niki Beattie as Chair of Aquis Exchange. The appointment is effective 1 January 2022. Niki steps down from the Board after nine years, having joined Aquis Exchange as its first Chair in January 2013.

Glenn's appointment follows a search for a suitable successor to the position of Chair of Aquis Exchange, co-ordinated by Senior Independent Director Richard Bennett, which considered both external and internal candidates for the role.

Glenn first joined the Company's Board in March 2019 before transferring to the Board of Aquis Stock Exchange Limited ("AQSE") in March 2020. Glenn re-joined the Group's Board on 17 September 2021 as an independent non-executive director (INED).

Glenn started his career at Racal and worked for Motorola, Texas Instruments and Cambridge Consultants Ltd. before co-founding Cambridge Silicon Radio in 1998. There he served as an executive director and helped grow the company from a concept to a $3 billion market capitalisation entity in 2006 (as CSR PLC) and one of the biggest players in the Bluetooth market. Since leaving CSR he has held a number of non-executive directorships in UK and French companies - both public and private - that specialise in technology.

He is a member of the Institute of Engineering and Technology and holds an MSc in Electronics from Durham University as well as an MBA from Cranfield University. He was a member of the CSR team that was awarded the Royal Academy of Engineering's MacRobert Award for Innovation in 2005.

Niki Beattie commented:

"I am proud of how far Aquis Exchange has come and would like to thank the Board, staff and shareholders for their support during my tenure. The Company has grown and diversified significantly since I started. Now is an opportune time to hand over to Glenn, with the business in great shape and well placed for the next stage of its development. I wish him and the company all the best."

Glenn Collinson commented:

"I am very excited to have the opportunity to succeed to the position of Chair of Aquis Exchange PLC. There is a very bright future ahead and I look forward to working with the Board to continue to lead the Company into the next successful stage of its journey. On behalf of the whole Board, I would like to thank Niki for her outstanding service and pivotal contribution since inception leading to the successful establishment of Aquis' in the European financial services industry".

Alasdair Haynes, CEO of Aquis Exchange said:

"I am delighted that the Board has chosen Glenn Collinson as Niki's successor. The last nine years have been a transformational period for Aquis Exchange and the Board, under the leadership of Niki, has helped to lay strong foundations for the future. With Glenn's wealth of experience and his knowledge of the Group, with previous stints on both the Aquis Exchange and AQSE boards, I am confident that his energy, perspective and commitment will support Aquis Exchange to go from strength to strength."

Enquiries:

 
 Aquis Exchange PLC via 
 
 Alma PR (Financial PR Adviser)       Tel: +44 (0)20 3405 
                                       0209 
 Susie Hudson                         aquis@almapr.co.uk 
 Kieran Breheny 
 Faye Calow 
 
 Liberum Capital Limited (Nominated   Tel: +44 (0) 20 3100 
  Adviser and Joint Broker)            2000 
 Chris Clarke 
 Clayton Bush 
 Edward Thomas 
 Kane Collings 
 
 Canaccord Genuity Limited (Joint     Tel: +44 (0) 20 7523 
  Broker)                              8000 
 Bobbie Hilliam 
 Patrick Dolaghan 
 

Notes to Editors

About Aquis Exchange PLC

Aquis Exchange PLC is an exchange services group, which operates pan-European cash equities trading businesses (Aquis Exchange), growth and regulated primary markets (Aquis Stock Exchange/AQSE) and develops/licenses exchange software to third parties (Aquis Technologies).

Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority and France's Autorité des Marchés Financiers to operate Multilateral Trading Facility businesses in the UK/Switzerland and in EU27 respectively. Aquis operates lit order books and does not allow aggressive non-client proprietary trading, which has resulted in lower market impact and signalling risk on Aquis than other trading venues in Europe. According to independent studies, trades on Aquis are less likely to lead to price movement than on other lit markets. Aquis uses a subscription pricing model which works by charging users according to the message traffic they generate, rather than a percentage of the value of each stock that they trade.

Aquis Stock Exchange (AQSE) is a stock market providing primary and secondary markets for equity and debt products. It is authorised as a Recognised Investment Exchange, which allows it to operate a regulated listings venue. The AQSE Growth Market is divided into two segments 'Access' and 'Apex', with different levels of admission criteria. The Access market focuses on earlier stage growth companies, while Apex is the intended market for larger, more established businesses.

Aquis Technologies is the software and technology division of Aquis Exchange PLC. It creates and licenses cutting-edge, cost-effective matching engine and trade surveillance technology for banks, brokers, investment firms and exchanges.

Aquis Exchange PLC (AQX.L) is listed on the Alternative Investment Market of the LSE (AIM) market. For more information, please go to www.aquis.eu .

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