Maestrano Group PLC Resignation of CFO (1208K)
August 23 2019 - 11:01AM
UK Regulatory
TIDMMNO
RNS Number : 1208K
Maestrano Group PLC
23 August 2019
23 August 2019
Maestrano Group PLC ("Maestrano" or the "Company" or the
"Group")
Resignation of CFO
Maestrano Group PLC (AIM: MNO), the open platform for master
data management and business analytics, announces that the
Company's CFO, Craig Holden is resigning with effect from 30 August
2019, to take up another position in Australia. Existing senior
finance staff already in place will continue to manage the
financial affairs of the company until a new CFO is appointed to
the board in due course, based in the UK. The requirements of the
role will be influenced by the outcome of acquisition discussions
previously announced.
The Company is continuing to undertake diligence into the
potential acquisition announced on 15 July 2019 and continues to
look at other M&A opportunities although these remain at
relatively early stages and no formal commitments have been entered
into.
Andrew Pearson, CEO of Maestrano, commented:
"We are making good progress with M&A discussions and the
opportunity announced on 15 July remains our primary focus. We are
taking great care with due diligence and shareholders would expect
and believe it is prudent to allow adequate time to complete the
various tasks. We are sorry to say farewell to Craig and thank him
for his considerable efforts for the company. He has been
considering this move for some time and we have adequate resources
in place to fulfill all reporting and management obligations."
Ian Buddery, Chairman of the Board, said:
"It has long been our plan to relocate the CFO function to the
UK, which Craig understood. He has been offered another role in
Australia which required a prompt decision on his part, and we are
happy to support this. I have known Craig for 30 years and it has
been a pleasure and privilege to work with him."
Enquiries:
Maestrano Group plc c/o IFC
Ian Buddery, Chairman
Andrew Pearson, CEO
Grant Thornton (Nominated Adviser) +44 (0)20 7383
Colin Aaronson / Jamie Barklem / Niall McDonald 5100
Arden Partners (Broker) +44 (0)20 7614
Ruari McGirr / Ciaran Walsh / Alex Penney 5900
IFC Advisory Limited (Financial PR & IR)
Graham Herring / Miles Nolan / Zach Cohen
graham.herring@investor-focus.co.uk +44 (0)20 3934
miles.nolan@investor-focus.co.uk 6630
About Maestrano
Maestrano develops and deploys a patented cloud-based Platform
as a Service that serves the needs of Small to Medium Businesses
(SMBs) and large Enterprises to access real time, automated
management data efficiently on an integrated platform. This
technology is called Master Data Management (MDM).
Further information on the Group is available at
www.maestrano.com
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END
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