Minds + Machines Group Limited Directorate Change and Notice of Results Update (6743P)
22 February 2016 - 6:01PM
UK Regulatory
TIDMMMX
RNS Number : 6743P
Minds + Machines Group Limited
22 February 2016
For immediate release
22 February 2016
Minds + Machines Group Limited
("MMX", the "Company" or "Group")
Directorate Change and Notice of Results Update
Minds + Machines Group Limited (LSE:MMX), the publicly quoted
owner and operator of Internet top-level domains, announces that
Antony Van Couvering is no longer the Chief Executive Officer of
the Company. Mr Van Couvering was removed from office with
immediate effect by means of a unanimous resolution of directors
passed at a meeting of directors held on 19 February 2016. The
Group is currently making the transition from asset gatherer to
monetisation of its leading portfolio of top-level domains; the
Board believes a change of leadership will assist in this process.
As such, the Board is delighted that the Company's Chief Marketing
Officer, Toby Hall, has, subject to regulatory approvals, accepted
the Company's offer to take on the role of Chief Executive and lead
the Group during this important period. Toby will join the Board in
that capacity at the first Board meeting post completion of the
requisite regulatory approvals at which point a further
announcement will be made.
Guy Elliott, co-founder and non-executive Chairman,
commented:
"The Board wishes to thank Antony for the tremendous domain
industry insight he has brought to the business in its formative
years. Whilst he has contributed greatly to the business's
development, the Board felt that a fresh approach is required in
order to fully exploit the revenue potential of our leading
portfolio of TLDs. As such, the Board is delighted that our Chief
Marketing Officer has accepted the role of CEO to work alongside
our Chief Operating Officer, Michael Salazar. Toby brings a vision,
dynamism, business acumen and commercialism, together with a deep
understanding of the industry, having been an adviser to the Group
since its inception."
Toby Hall, the newly appointed CEO, said:
"We are operating in a sector of significant growth and
opportunity. As a portfolio registry player, we are exceptionally
well placed to reach into markets - both geographic and vertical -
through a strategy of partnership. It is a strategy that will allow
us to drive growth while maintaining a tight control on costs."
Separately, further to the announcement of 2 February 2016, the
Board confirms the Group's annual report and accounts for the 12
months ended 31 December 2015 will be announced on 27 April
2016.
Further Information:
Minds + Machines Group Limited
Toby Hall Tel: +44 (0)7713 341072
toby@mindsandmachines.com
Michael Salazar Tel: +1 (424) 214-7908
michael@mindsandmachines.com
N+1 Singer (Nomad and Broker)
Shaun Dobson / Liz Yong Tel: +44 (0)20 7496 3000
For further information, please go to
http://investors.mindsandmachines.com
About Minds + Machines
Minds + Machines (LSE:MMX) is a leading owner and operator of
new generic Top Level Domains ("gTLDs"), and provides registry
services to a range of high-profile clients. The Group also
provides domain name services through its wholly owned registrar
operations in the US and Europe. For more information on Minds +
Machines and its services and companies within the Group, please go
to http://investors.mindsandmachines.com.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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