TIDMOMG
RNS Number : 5517C
OMG PLC
29 June 2016
29 June 2016
OMG plc
("Oxford Metrics" or the "Group")
Directorate Change and
Appointment of Non-Executive Chairman
OMG plc (LSE: OMG), the technology group providing Computer
Vision products and services for the entertainment, life science,
engineering industries and consumer electronics markets today
announces that, following a thorough search process, it has
appointed Roger Parry to join the Board as Non-Executive Chairman
with immediate effect to succeed Anthony Simonds-Gooding
(Non-Executive Chairman) on his retirement.
As part of an orderly transition, Anthony Simonds-Gooding, will
retire from the Board and his role as Non-Executive Chairman of the
Company with immediate effect.
Roger Parry is currently Chairman of two AIM listed companies,
YouGov plc and Mobile Streams plc and is Chairman of a number of
other private companies. Roger has held a variety of Chairman roles
including Johnston Press plc (2001-09), Future plc (1999-2011) and
Shakespeare's Globe (2005-13). Previously he was CEO of both Clear
Channel International and of More Group plc. He spent three years
with McKinsey, the international consulting firm, and prior to that
was a TV and radio journalist with the BBC and ITV.
Nick Bolton, Chief Executive Office, Oxford Metrics, said:
"On behalf of the Board and our employees, I would like to thank
Anthony for his tremendous contribution to Oxford Metrics during
his 14 year tenure. He has chaired the business through an exciting
period of positive transformation, generating significant
shareholder value by taking world-class IP and monetizing it
through commercial sales. His leadership and insight have been
invaluable, and he has been a loyal supporter of our founding
ambition. We wish him well in his future endeavours."
"We are pleased to welcome Roger to the Board. He is an
excellent fit for us as he brings a wealth of business leadership
experience having also chaired several successful tech-enabled
companies. The Board and I look forward to working with Roger as we
embark on the next stage of the Group's growth and
development."
Anthony Simonds-Gooding, Chairman of Oxford Metrics, added:
"The shape of the Group has changed considerably in recent
years, the quality of earnings continues to improve and the Group
is well positioned to grow across multiple vectors. I am confident
the Group will continue to go from strength to strength under Roger
and the rest of the team."
On his appointment, Roger Parry said:
"I'm delighted to join OMG at a very exciting time in its
development. The business has fascinating and valuable intellectual
property. It has proven to be very adept at finding successful
commercial business models to take advanced technology to market.
Its long heritage and links with Oxford University make it a great
example of British innovation."
Roger George Parry CBE, aged 63, currently holds the following
directorships:
-- Aves Enterprises LLP
-- Chrysalis Vision Limited
-- Mobile Streams Plc
-- MSQ Partners Group Limited
-- MSQ Partners Ltd
-- West Eight Investments Limited
-- YOUGOV Plc
He has also held the following directorships and partnerships
during the last five years:
-- Aves Brands Limited
-- Future Plc
-- Shakespeare Globe Trading Limited
-- SPV Baseline Limited
-- The Foundation For Liver Research
-- The Shakespeare Globe Trust
Roger Parry was a director of Litelogic Limited which was placed
into administration on 11 February 2009 with an estimated total
deficit as regards creditors on that date of GBP2,254,565. The
administration was converted to a Creditors Voluntary Liquidation
on 26 November 2009. A dividend of 9 pence in the GBP was paid to
all agreed unsecured creditors on 28 March 2011. Mr Parry was
appointed a director of Litelogic Limited on 15 October 2008 and
ceased to be a director on 9 February 2009.
Roger Parry was a director of Media Square plc which was placed
into administration on 8 December 2011 with an estimated total
deficit as regards creditors on that date of GBP24 million. An
amount of GBP11,040,540.38 was paid to all creditors in 2012 and
Media Square plc was dissolved on 10 March 2013. Mr Parry was
appointed a director of Media Square plc on 2 July 2007.
Save for the above, there is no further information required to
be disclosed under paragraph (g) of Schedule 2 of the AIM Rules
with respect to the appointment of Roger Parry.
For further information please contact:
+44 (0) 1865
OMG plc 261800
Nick Bolton, CEO
David Deacon, CFO
+44 (0) 20 3727
FTI Consulting 1000
Matt Dixon / Charles Palmer / Emma
Appleton / Harry Staight
+44 (0) 20 7496
N+1 Singer (NOMAD to OMG) 3000
Shaun Dobson / Jen Boorer
About OMG plc
OMG plc (Oxford Metrics Group. LSE: OMG) is a group of
technology companies producing Computer Vision products and
services for the entertainment, life science, engineering
industries and consumer electronics markets.
The Group's technology is used globally to capture the movements
of actors (for the movie industry), sportsmen and women (for video
games or improving team performance), and children with cerebral
palsy, rehab patients and animals (for medical, life science and
research industries). The technology is also used for the
management of highways and other forms of distributed
infrastructure assets, such as lighting systems and other street
furniture. Through this diverse offering the Group has earned its
strong international reputation for precision from pixels and its
unique expertise in imaging technology.
Founded in 1984, the Group is headquartered in Oxford, UK, and
has two offices in the US and four in the UK. It has customers in
over 65 countries and is a quoted company listed on AIM, a market
operated by the London Stock Exchange. The Group trades through
three subsidiaries: Vicon, the world's largest motion capture and
movement analysis company, Yotta, a provider of software and
services for infrastructure asset management and OMG Life, our IP
licensing business, which is focused on unlocking latent value in
OMG's IP.
The Group's global clients spanning the worlds of science,
medicine, sport, engineering, gaming, film and broadcast include:
major hospitals and research facilities such as Guy's Hospital,
Nuffield Orthopedic Centre, Headley Court and Loughborough
University, engineering industry leaders including: Ford Motor
Company, BMW, Toyota and European Space Agency and in the
entertainment sector; The Imaginarium, Sony, Industrial Light and
Magic, Sega, Nintendo, UbiSoft, EA and Square Enix. In
infrastructure asset management, clients include Highways England,
Amey, Fulton Hogan, Northumberland, Norfolk, Lancashire, Hampshire,
Cheshire East and West, Kent as well as many others.
About Roger Parry
Roger has spent most of his career in the media sector and has
long experience as both a Chairman and as a CEO. His first job was
as personal assistant to Charles and Maurice Saatchi. He then
became a broadcast journalist with BBC, ITV and LBC. He moved to
become a consultant with McKinsey and Co and then held senior
positions with WCRS, Internet Indiect, iTouch and Aegis. He was an
owner of radio stations Jazz FM and LBC.
Roger was educated at the universities of Oxford (Jesus College)
and Bristol; and is a Visiting Fellow of Oxford University. He was
awarded a CBE for services to media. He is the author of five books
including Ascent of Media and Enterprise: The Leadership Role.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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