WAND Wandisco Plc

TIDMWAND

RNS Number : 8540L

WANdisco Plc

06 October 2016

6 October 2016

WANdisco plc

("WANdisco" or the "Company")

Directorate Changes

Paul Walker, Ian Duncan

The Board of WANdisco (LSE: WAND) today announces that Paul Walker, Chairman, and Ian Duncan, non-executive director, have stepped down from the Board with immediate effect.

Paul Walker and Ian Duncan commented:

"As independent non-executive directors, we had not considered David the right person to lead the Company going forwards. Since the announcement of 29 September 2016 regarding David Richards stepping down from the Board, we have been informed that approximately 58% of the Company's shareholders support David's reinstatement as CEO. Accordingly, we have decided to resign from the Board with immediate effect.

We remain confident that the Company has a unique product portfolio that will be of great value to the leading companies in the big data and cloud market. We wish WANdisco all the best for the future."

Erik E. Miller

Separately, the Board also announces that Erik E. Miller, CFO, has resigned from the Board with immediate effect.

For further information please contact:

 
 
 
                                      +44 (0)203 727 
 FTI Consulting                        1000 
 Matt Dixon / Dwight Burden / Rob 
  Mindell 
 
                                      +44 (0)207 597 
 Investec (Joint Broker and NOMAD)     4000 
 Christopher Baird / Dominic Emery 
 
 UBS (Joint Broker)                   +44 (0)207 567 
  Rahul Luthra / Sandip Dhillon        8000 
 

About WANdisco plc

WANdisco (LSE: WAND) is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability. WANdisco's products are differentiated by the company's patented, active data replication technology, serving crucial continuous availability requirements, including Hadoop Big Data and Application Lifecycle Management (ALM), including Apache Subversion and Git. Fortune Global 1000 companies, including Juniper Networks, Motorola, Intel and Halliburton, rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 06, 2016 02:00 ET (06:00 GMT)

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