BigDish PLC Update re senior management & corporate governance (4293W)
December 11 2019 - 2:00AM
UK Regulatory
TIDMDISH
RNS Number : 4293W
BigDish PLC
11 December 2019
11 December 2019
BigDish Plc
("BigDish" or the "Company")
Update re senior management and corporate governance
BigDish Plc (LON: DISH), a food technology company that operates
a yield management platform for restaurants, is pleased to announce
that Tom Sumner commenced his employment on 2 December 2019 as the
Chief Executive Officer of the Company, based in its Manchester
office.
Sanj Naha, the Company's former CEO has entered into a
consultancy agreement with the Company where he will advise on the
acquisition of restaurant groups and technology integrations with
Electronic Point of Sale (ePOS) companies and other third party
restaurant technology platforms.
Further, the Company notes press comment on its notification on
30 May 2019 where it stated that "The Company is funded to execute
its strategy."
The Company acknowledges that this statement may have been
interpreted to suggest it had sufficient funds to fully execute
(i.e. complete) its strategy. The additional funds received by the
Company on 6 June 2019 provided the Company with funds to
accelerate the implementation of its strategy. The board
acknowledges that the notification on 30 May 2019 should have been
clearer and, with the benefit of hindsight, would have been better
to have omitted the phrase altogether.
Furthermore, the Company recognises the importance to adopt a
high standard of corporate governance. It has therefore
commissioned a review of its corporate governance processes and
procedures. The Company intends to adopt an appropriate and
recognised corporate governance code and make detailed disclosure
on its website as to how it conforms with such a code. The Company
believes it will benefit from having an Independent Non-Executive
Director as part of the Board and is currently in discussions with
its advisers regarding suitable candidates.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 ("MAR")
Enquiries:
Zak Mir, Digital Communications
Officer, BigDish +44 (0) 7867 527658
zak@bigdish.com
Jonathan Morley-Kirk, Non-Executive
Chairman +44 (0) 7797 859986
jmk@bigdish.com
Notes to Editors
BigDish Plc is a London Stock Exchange listed food technology
company that operates a yield management platform for the
restaurant industry.
Yield Management is a dynamic pricing strategy based on
understanding and influencing human behaviour in order to maximise
revenue from a fixed, time limited resource. Yield Management has
been very effective for selling airline seats and hotel rooms.
BigDish believes that Yield Management can benefit restaurants to
optimize revenue by bringing diners to empty tables.
BigDish is a free consumer product. Consumers can book a table
with a discount via the BigDish App or website. Restaurants pay
BigDish a fixed fee per diner seated.
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.
END
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