IQGeo Group appoints Max Royde to its Board as Non-Executive Director

– UK, Cambridge –  IQGeo Group Plc (LON: IGG) today announced the appointment of Max Royde, co-founder of Kestrel Partners LLP, as a Non-Executive Director of the Company with immediate effect. Mr Royde replaces Oliver Scott, who concurrently steps down as Non-Executive Director, also with immediate effect.

About Max Royde

Max is an experienced company director and co-founder of Kestrel Partners LLP, a London based fund management business whose clients are a significant shareholder of IQGeo. He is a fund manager of Kestrel Opportunities and has been advising and investing in UK smaller companies since 1998. Max is also a non-executive director of Ingenta plc and IDE Group Holdings Plc.

Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited, and various other clients. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a legal beneficial interest in Kestrel Opportunities’ entire legal holding in the Company.

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