St. Ives PLC Change of name to Kin and Carta plc (6059C)
October 02 2018 - 2:00AM
UK Regulatory
TIDMSIV
RNS Number : 6059C
St. Ives PLC
02 October 2018
2 October 2018
Kin and Carta plc
(the "Company" or the "Group")
RELAUNCH AS A DIGITAL TRANSFORMATION BUSINESS
Change of name from St Ives plc to Kin and Carta plc
Following the appointment of J Schwan as CEO (formerly Group
Chief Digital Officer) and the disposal of the Company's legacy
businesses, the Company announces that it has changed its name to
Kin and Carta plc (Kin + Carta).
Kin + Carta is a global digital transformation business;
applying creativity, data and technology to help the world's
largest companies invent, market and operate profitable new
products and services.
Already supporting a number of the world's leading companies,
Kin + Carta has the critical mass to compete on the global stage,
with significant capabilities across Europe, Asia and the United
States. Along with the name change, the organisation is relaunching
under a new operating model called "The Connective"; a
first-of-its-kind approach to enable seamless collaboration across
a global ecosystem of 1,500 technologists, strategists and
creatives.
The name Kin + Carta embodies what the Group stands for. Kin, as
in family, represents the Connective's emphases on connection and
collaboration. Carta, meaning map, underscores the Connective's
mission to help our clients navigate the new digital world, while
plotting a clear path to growth for our people and our
shareholders.
It is expected that trading in the Company's shares will
commence under the new name Kin and Carta plc and the new ticker
code "KCT" with effect from 3 October 2018. The Company's ISIN
remains unchanged (GB0007689002).
No new share certificates are being issued in respect of
existing ordinary shares held in certificated form. Shareholders
should retain their existing share certificates which will continue
to be valid.
The Company's website will be available at www.kinandcarta.com
with effect from today.
J Schwan, Chief Executive Officer of Kin + Carta, said:
"The launch today of Kin + Carta sets the seal on the old St
Ives. We are now a digital transformation business with a growing
number of the world's leading companies as clients supported by our
1,500 technologists, strategists and creatives based in our 11
offices around the world. Today we start on our growth journey
powered by continuing organic growth and the acquisition of further
breadth in our offering to clients."
A further update on Kin + Carta's business model and strategy
will be provided in the Group's full year results announcement on
Tuesday 9 October 2018.
This announcement is made pursuant to Listing Rule
9.6.19(1).
ENQUIRIES:
Kin and Carta plc 020 7928 8844
J Schwan, CEO
Brad Gray, CFO
Numis Securities Limited 020 7260 1345
Nick Westlake
MHP Communications 020 3128 8778
Tim Rowntree / Giles Robinson
/ Luke Briggs
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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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