Bidstack Group PLC Appointment of Chairman Designate (2196P)
17 June 2022 - 4:00PM
UK Regulatory
TIDMBIDS
RNS Number : 2196P
Bidstack Group PLC
17 June 2022
Certain information contained within this Announcement is deemed
by the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in
the United Kingdom. Upon publication of this Announcement, this
information is now considered to be in the public domain.
17 June 2022
Bidstack Group Plc
("Bidstack" or the "Company")
Appointment of Chairman Designate
Bidstack Group Plc (AIM: BIDS.L), the in-game brand activation
platform, is pleased to announce the appointment of David Reeves to
its Board as Chairman Designate. To ensure an orderly handover he
will succeed Donald Stewart as Chairman on the 1(st) September
2022. In the meantime David will sit on the board as a
Non-Executive Director. On David's becoming Chairman Donald will
move to a Non-Executive Director role and will serve on the Audit
and Remuneration Committees.
David has over 30 years' global experience in senior management
roles within multinational companies across the video games
industry. He launched Sony PlayStation in Germany, Switzerland
& Austria in 1995 and in 1999, he was appointed Executive Vice
President of Sony Computer Entertainment (Europe) and President and
CEO EMEA in 2003. In 2010, David was appointed as COO of Capcom
(Europe). David has his own consulting Company DRC Consulting Ltd,
is Co-Founder of E Fundamentals, a SaaS company providing
e-commerce analytics services and is Chairman of Comcarde Ltd, an
Edinburgh based fintech company.
David served as Senior Non-Executive Director and Chairman of
the Remuneration Committee for AIM-listed Keywords Studios.
Keywords Studios is an international technical services provider to
the global video games industry, established in 1998. It provides
integrated art creation, marketing services, game development,
testing, localization audio and player support services across more
than 50 languages and 16 games platforms to a blue-chip client base
of over 950 clients across the globe. Following the completion of
nine years' service as a Non-Executive Director he retired from
this position on the 20(th) May 2022.
David Reeves, Chairman Designate, said:
"It is an honour to be joining Bidstack as Chairman and be given
the opportunity to take the Company to the next revenue and profit
level in the coming years. I hope I can build on the great
foundation that Donald Stewart, as Chairman has built and work with
James Draper, CEO, and his Executive team to grow the business
globally.
"The video games and entertainment industry is expanding
continuously and Bidstack is well placed with an active pipeline,
state of the art technology and numerous planned partnership
initiatives to grow rapidly and profitably.
"I hope my experience at senior levels at Sony PlayStation,
Capcom and more recently, Keywords Studios will help me guide the
Company to a leadership position in the industry."
Donald Stewart, outgoing Chairman, said:
"I am pleased to be handing over the Chair of Bidstack to David
Reeves who has the skills necessary to grow the business
commercially and is particularly well connected in the video games
industry.
"Chairing Bidstack and working closely with the executive team
since its admission to AIM in September 2018 has been an enormous
pleasure and I am extremely proud of what Bidstack has achieved
over that period. I will continue to contribute my skills, which
lie in capital markets and financial regulation to support the
management team."
Further information on David Alan Reeves is set out below:
Dr David Alan Reeves (aged 75) holds or has held the following
directorships in the past five years:
Current Directorships Previous Directorships
Autism UK Limited Keywords Studios PLC
Comcarde Limited Sense, The National
David Reeves Consulting Limited Deafblind And Rubella
E Fundamentals (Group) Limited Association
E Fundamentals (International) Limited St. John Ambulance
E-Fundamentals Ltd
Midgarth Residents Company Limited
Nas Services Limited
National Autistic Society (The)
There is no further information on David Alan Reeves required to
be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the
AIM Rules for Companies
-ENDS-
Contacts
Bidstack Group Plc
James Draper, CEO via Buchanan
SPARK Advisory Partners Limited (Nomad) +44 (0) 203 368
Mark Brady / Neil Baldwin / James Keeshan 3550
Stifel Nicolaus Europe Limited (Broker) +44 (0) 20 7710
Fred Walsh / Tom Marsh 7600
Buchanan Communications Limited
Chris Lane / Stephanie Whitmore / Kim
van Beeck +44 (0) 20 7466
bidstack@buchanan.uk.com 5000
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