TIDMDGS
RNS Number : 4748H
Digital Globe Services Limited
01 December 2015
1 December 2015
Digital Globe Services, Ltd.
(the "Company", the "Group" and together with its subsidiaries
"DGS")
Directorate Change
Digital Globe Services, Ltd. (AIM: DGS), a leading provider of
online customer acquisition solutions for large, consumer-facing
organisations, announces the appointment of Mr. Simon Lee as a
Non-Executive Director to the Board, effective 1 December 2015. As
a consequence of Mr. Amit Basak devoting his full time and
attention to his new operations role as President of a company,
effective 30 November 2015, the Company received the resignation of
Mr Basak, Non-Executive Director of the Board. With Mr. Lee's
appointment, the Board will maintain three independent,
Non-Executive Directors.
Simon is currently an International Advisor with Fairfax
Financial, Chairman of Osirium Ltd, Non-Executive Director of TIA
Technology and Chairman of Hospice in the Weald. Simon has
extensive experience in international financial services, having
spent 17 years with the National Westminster Bank Group, working in
a variety of international roles in the UK and US. He was variously
Chief Executive, NatWest Offshore, Head of US Retail Banking, CEO
NatWest Mortgage Corporation (US) and Director of Global Wholesale
Markets.
Until December 2013, he was Group Chief Executive of RSA
Insurance Group plc, a FTSE 100 company. Previous to this
appointment in 2011, for eight years he was Chief Executive of the
Group's International businesses, covering the operations in
Canada, Scandinavia, Latin America, Asia and Middle East, Ireland
and Italy. He was responsible for the significant restructuring of
RSA's international portfolio that occurred between 2003 and 2007.
He was appointed as a main Board Director of RSA in 2007.
He also served as Chairman of Codan and Trygg Hansa between 2007
and 2011, was a Non Executive Director of Mutual and Federal
(listed on the Johannesburg Stock Exchange) between 2003 and 2005
and was a Non-Executive Director of AIM quoted Conister Trust
between 2001 and 2006.
Zia Chishti, Chairman of DGS, commented:
"The appointment of Simon Lee to the Board of DGS is a
reflection of the Company's potential and ambition to grow
geographically and in new verticals. Simon's experience at some of
the UK's best known organisations will prove invaluable to the
Company as will his knowledge of international finance, cross
border operations and listed company expertise. On behalf of the
Board I am delighted to welcome him and look forward to working
with him. I would also like to thank Amit Basak for his
contributions to the Group as a Director over the past four years
and wish him well for the future."
For further information please contact:
Digital Globe Services, www.dgsworld.com
Ltd.
Jeff Cox, CEO +1 303 736 2105
N+1 Singer
Aubrey Powell / Liz
Yong +44 20 7496 3000
Alma PR
Josh Royston/ +44 7780 901979
Hilary Buchanan +44 7515 805218
Overview of DGS
Founded in 2008 with offices in London, Bermuda, Netherlands,
USA and Ireland, DGS is a specialist provider of outsourced online
customer acquisition solutions for large, consumer-facing
corporations. DGS delivers customers to its clients through
optimised paid search, search engine optimization, integrated
websites, e-mail, social media and contact centre support,
receiving a fee for each customer acquired for its clients.
DGS is seeking to establish itself as the leading international
provider of outsourced online customer, lead and inquiry
acquisition, services, through its focus on having the premier
technology platform in the industry. Paid search refers to the
auction process for key search terms that search providers run and
in which prospective advertisers, or their agents, compete in order
to have their advertising or search results displayed.
By using its optimising technology platform, dgSMART, and its
experience of website management and digital media customer
acquisition, efficient contact centre operations and other process
expertise, DGS is able to acquire customers and achieve conversion
rates that deliver profitable, high quality customers or valuable
leads and inquiries to its clients.
DGS employs over 700 staff in Europe, North America and Asia.
The Company currently has over 30 direct and indirect client
relationships globally, many of which are with companies in the US
Fortune 500.
Additional regulatory information:
Simon Lee
Simon Philip Guy Lee (aged 54), known as Simon Lee, is or has
been a director or partner of the following companies or
partnerships during the past 5 years:
Current Previous
------------------------------ --------------------------------------------
Advent Underwriting Ascentus Insurance Ltd
Limited
------------------------------ --------------------------------------------
Hospice in the Weald Canadian Northern Shield
Insurance Company
------------------------------ --------------------------------------------
Hospice in the Weald Codan A/S
(Trading) Limited
------------------------------ --------------------------------------------
Polskie Towarzystwo Codan Forsikring A/S
Reasekuracji SA ("PolishRe")
------------------------------ --------------------------------------------
Osirium Limited Europa General Underwriters
(N.I.) Ltd
------------------------------ --------------------------------------------
Thor Denmark Holdings GCAN Insurance Company
AS
------------------------------ --------------------------------------------
TIA Technology Quebec Assurance Company
------------------------------ --------------------------------------------
Roins Financial Services
Limited
------------------------------ --------------------------------------------
RS&A Global Network Limited
------------------------------ --------------------------------------------
Royal & Sun Alliance Insurance
Company of Canada
------------------------------ --------------------------------------------
Royal & Sun Alliance Insurance
plc
------------------------------ --------------------------------------------
RSA Insurance Group plc
------------------------------ --------------------------------------------
RSA Insurance Ireland
Ltd
------------------------------ --------------------------------------------
RSA Northern Ireland Insurance
Limited
------------------------------ --------------------------------------------
Royal & Sun Alliance Reinsurance
Limited
------------------------------ --------------------------------------------
Sun Insurance Office Limited
------------------------------ --------------------------------------------
The Johnson Corporation
------------------------------ --------------------------------------------
The Marine Insurance Company
Limited
------------------------------ --------------------------------------------
Trygg-Hansa Försäkringsaktiebolag
(publ).
------------------------------ --------------------------------------------
Unifund Assurance Company
------------------------------ --------------------------------------------
Western Assurance Company
------------------------------ --------------------------------------------
In connection with his appointment, Mr. Lee was granted an
option to acquire 74,906 shares in the Company at the price of one
pence per share. The vesting of the options is 25% on the six-
month anniversary of the appointment and one-thirty-sixth of the
balance per month thereafter. Mr. Lee will also receive the
Company's standard, independent board member fee of US$35,000 per
annum.
In connection with his resignation from the Board, Mr. Basak has
exercised his option to acquire 22,370 shares. The Company has
notified Mr. Basak of its right of first refusal over the shares
and will purchase same at the closing price on 30 November 2015 of
66.50 Pence.
Mr. Lee is an International Advisor to Fairfax Financial, a
company that provides advice to SATMAP Incorporated, a portfolio
company of The Resource Group International Limited ("TRGI"). TRGI
holds 13,858,971 common shares of DGS, representing c. 46% of the
voting rights of DGS.
There is no further information on Mr. Lee required to be
disclosed under Rule 17 or Schedule Two, paragraph (g) of the AIM
Rules for Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 01, 2015 02:01 ET (07:01 GMT)
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