TIDMBIDS
RNS Number : 1362L
Bidstack Group PLC
29 December 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.
29 December 2022
Bidstack Group Plc
("Bidstack" or the "Company" or the "Group")
Board Changes
Bidstack Group Plc (AIM: BIDS), the in-game brand activation
platform, announces that Francesco Petruzzelli has informed the
Board of his intention to resign from his position as Managing
Director and to resign from the Board.
Francesco will continue to be involved with the Company as a
Strategic Adviser to the executive team.
The Board would like to place on record the enormous
contribution that Francesco has played in building out Bidstack,
the in-game advertising sector as a whole and for his work across
the technical and commercial areas of the business to date. We wish
him well in his future endeavours.
The Board is pleased to announce the appointment to the Board of
Doug Lowther as a Non-executive Director, and Camila Franklin
(currently Chief Operating Officer) as an Executive Director.
Doug currently serves as CEO of Irdeto B.V., widely regarded as
the world leader in digital platform cybersecurity, since April
2015. Irdeto is a 13.5% shareholder in the Company following its
GBP5m strategic investment, as announced on 5 October 2022.
Previously Doug was the President and CEO of International
Datacasting and, prior to that, he served in various senior and
executive roles within Irdeto based in Beijing and Amsterdam
between 2004 and 2013.
Camila has over 20 years of gaming and ad-tech experience. She
has led engineering, product, operations and client facing teams.
Camila was also named one of The Top Women Leaders in SaaS in 2020
and was a Bronze Stevie Award winner for Woman of the Year in the
business services industry in 2021. Prior to joining Bidstack,
Camila served in various executive roles, including as COO, within
AdColony between 2015 and 2022. Previously she has held senior
roles within the US at Navio Systems, Tira Wireless, Device
Anywhere, Antenna Software and Moovweb.
Further information on each of Camila Franklin and Doug Lowther
is set out below.
James Draper, CEO of Bidstack, said
"Francesco and I have been on this journey for many years,
building Bidstack initially from a concept that turned into one of
the first Digital Out of Home (DOOH) programmatic platforms, to our
pivot in 2017 when the Company began the rebirth of in-game
advertising. Where the Company sits today is testament to some
truly world class individual contributions of his, and the
exceptional team we've formed together here at Bidstack.
"I'm delighted he's going to continue his engagement through
being a Strategic Adviser to the team and we will undoubtedly
collaborate on a number of projects the Company is working on
currently, to cement the strong foundations of the media, sports
and licensing divisions the business has built out. Francesco has
been a great friend through this journey from start-up to scale-up,
from Crowdcube to RTO and beyond. The business has never been in a
better shape and we can both look back at what we've built here
with enormous pride.
"Following the strategic investment from Irdeto, I am pleased to
welcome Doug to the Board. Irdeto has deep relationships with
global publishers and is a market leader in digital platform
cybersecurity. The Board will value Doug's expertise in our
industry. In addition, I'm personally looking forward to the
mentorship of an experienced and successful CEO.
"Camila will step up to the main Board. Her professionalism and
operational talents have made an immediate impact to the business,
as we focus on delivering revenues through our media and technology
offerings, at scale, globally. Her proven track record of leading a
company to a $400 million exit, is something our team is keen and
excited to learn from.
"With our pipeline of revenue for Q1 looking stronger than ever,
we look forward to updating shareholders further on progress, when
appropriate."
Further information on Camila Franklin and Doug Lowther
Camila Maria Chamberlain Franklin (aged 42) is not currently and
has not been a director of any company in the last five years.
Camila Franklin is currently the holder of 13,965,000 LTIP
awards exercisable at nominal value.
There is no further information on Camila Franklin required to
be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the
AIM Rules for Companies.
Douglas William Herbert Lowther (aged 57) holds or has held the
following directorships in the past five years:
Current Directorships
Denuvo GmbH
Irdeto B.V. and certain of its subsidiaries
Questar Auto Technologies Ltd
West Hawk B.V.
Previous Directorships
Saferide Technologies Ltd
UniqIC B.V.
As announced on 6 October 2022, Irdeto B.V. holds 175,438,596
shares representing approximately 13.5% of the current issued share
capital of the Company.
There is no further information on Doug Lowther 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAUKAARURUUURA
(END) Dow Jones Newswires
December 29, 2022 02:00 ET (07:00 GMT)
Bidstack (LSE:BIDS)
Historical Stock Chart
From Apr 2024 to May 2024
Bidstack (LSE:BIDS)
Historical Stock Chart
From May 2023 to May 2024