– UK, London – GoTech Group plc (AIM:GOT), announces that Gail Ganney and Richard Thompson have resigned from the board and Marcus Yeoman has been appointed to the board as a non-executive director, all with immediate effect. In addition, the Company has today become an AIM Rule 15 cash shell and will seek to complete a suitable reverse takeover within the next six months. To enable the Company to explore new corporate opportunities and to provide additional working capital, the Company is also pleased to announce that it has raised £400,000 (before expenses) through a placing, conditional on the shares being admitted to trading on AIM.
GoTech announces that Managing Director, Gail Ganney, has given notice of her resignation as a director with immediate effect to pursue other interests. She has, however, agreed to provide assistance as required in relation to the management of Sportsdata until 31 December 2018. She will not receive any remuneration in relation to this assistance but will be reimbursed for expenses that she incurs, provided that such expenses have been agreed in advance by the board of GoTech. In addition, Richard Thompson, non-executive director, has given notice of his resignation as a director with immediate effect to dedicate more time to other business interests.
The Board would like to take this opportunity to thank Gail Ganney and Richard Thompson for their contribution and wish them well in their future endeavours.
Further, GoTech is pleased to announce that Marcus Yeoman will re-join the board, having previously stepped down on 18 January 2017, and has been appointed as a non-executive director of the Company with immediate effect.
About Marcus Yeoman
Marcus Yeoman is a non-executive director of reach4entertainment Enterprises plc and a previous non-executive director of GoTech. He is a non-executive director of a number of private companies which have engaged him principally to assist them with their growth strategies. His early career started with the formation of three companies in IT infrastructure and distribution, after which he moved into small company broking and corporate work with Rathbone Stockbrokers Limited and Cheviot Capital (Nominees) Limited. In 2003, Marcus established Springtime Consultants Ltd and has been acting as a consultant or non-executive director to a number of listed companies and SME ventures.
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