WANdisco Plc Re-instatement of David Richards (8542L)
October 06 2016 - 2:01AM
UK Regulatory
TIDMWAND
RNS Number : 8542L
WANdisco Plc
06 October 2016
6 October 2016
WANdisco plc
("WANdisco" or the "Company")
Re-instatement of David Richards
The Board of WANdisco (AIM: WAND) today announces that David
Richards has been reappointed to the Board and as Chief Executive
Officer of the Company with immediate effect. David will also
assume the role of Interim Chairman until such time as a suitable
candidate can be appointed.
The Board also intends making further appointments to the Board,
with details to follow in due course.
The Company confirms that WANdisco continues to trade in line
with the expectations referenced at the time of the Company's
Interim Results published in August 2016. There is a good pipeline
of bookings and cash costs continue to decline which, combined with
the new equity funding secured in June, have enabled WANdisco to
remain on a path toward cash flow break-even.
David Richards, CEO of WANdisco, commented:
"I am delighted to be returning to WANdisco with the express
backing of approximately 58% of our institutional shareholder base.
I have never lost sight of the tremendous opportunities that exist
across our business: we have developed a truly world class product
portfolio which continues to underpin our strong new business
pipeline.
"I look forward to updating the market of our continued
strategic progress over the coming months in addition to confirming
a number of new Board appointments."
For further information please contact:
WANdisco plc
David Richards, CEO and Interim
Chairman via Vigo Communications
+44 (0)207 830
Vigo Communications 9700
Jeremy Garcia / Fiona Henson /
Antonia Pollock
+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.
Appendix
As required under Schedule 2(g) of the AIM Rules for Companies,
WANdisco confirms the following; David James Richards (45) has been
a director of the following companies:
Current Directorships / partnerships Previous Directorships /
Partnerships
WANdisco plc
WANdisco, Inc
WANdisco International Limited
1Spatial plc
Heffalump Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
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