IDOX PLC Directorate Change (2023C)

TIDMIDOX

RNS Number : 2023C

IDOX PLC

21 February 2022

Idox plc

("Idox", "the Company" or "the Group")

Directorate Change

Appointment of Chief Financial Officer and creation of new M&A role

ldox plc (AIM: IDOX), a leading supplier of specialist information management software and solutions to the public and asset intensive sectors, announces the appointment of Anoop Kang as an Executive Director of the Company and the Group's Chief Financial Officer ("CFO").

Anoop will join the Group on 21 February 2022 and the Board immediately following the conclusion of the Company's Annual General Meeting on 16 March 2022.

Rob Grubb, the Group's current CFO, will continue in his role as an Executive Director and CFO until such time, whereupon he will step down from the Board and take up a newly created role at Idox, M&A Director, advancing the Group's inorganic growth strategy. As part of the Group's 'fly' phase, the Board's aim is to complement the organic growth of the Group with a buy and build strategy; this is focused on acquiring UK based businesses, typically bolt on in scale, which add IP software products for the public sector markets in which we specialise. Rob's role will be focused on identifying targets and negotiating transactions within the Group's well established acquisition criteria.

Anoop began his career at Deloitte LLP, before moving to Balfour Beatty plc in September 2010. At Balfour Beatty, Anoop performed a number of senior roles, including Finance Director of the rail division and Head of Investor Relations, before becoming Group Financial Controller of Kier Group plc. Subsequently, Anoop was appointed as Group CFO of Cambian Group plc and then Logistics Development Group plc.

Anoop Kang commented:

"I am excited to be joining the Idox team as the business executes on its clear growth ambitions. I have been impressed by the people, culture, products and market position that Idox has worked hard to develop and progress in recent years. I look forward to contributing towards the future success of the Group."

David Meaden, Chief Executive Officer, commented:

"Idox has made strong progress over the last three years, and I am delighted to welcome Anoop to our team, and that Rob remains with the Group. Anoop brings a wealth of experience in leading large finance teams, and in capital markets across a number of listed businesses, to support the next phase of our journey to accelerate our 'fly phase' which combines a focus on organic and inorganic growth initiatives. We have executed well on our strategy to date and I am looking forward to working closely with Anoop and with Rob in his new role."

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Anoop Kang (aged 47) holds or has held in the past 5 years the following directorships and partnerships:

 
 Current   Past five years 
 None      Advanced Childcare Services 
            Limited 
            AP Filtration Limited 
            Bleriot Bidco Limited 
            Bleriot Finco Limited 
            Bleriot Finco Holdings Limited 
            Bleriot Midco Limited 
            Bleriot Topco Limited 
            Bleriot US Bidco Inc 
            By The Bridge Limited 
            By The Bridge Holdings Limited 
            By The Bridge Management Company 
            Limited 
            By The Bridge North West Limited 
            Cambian Ansel Socialcare Limited 
            Cambian Asperger Syndrome Services 
            Limited 
            Cambian Autism Services Limited 
            Cambian Care (Powys) Limited 
            Cambian Childcare Limited 
            Cambian Childcare Properties 
            Limited 
            Cambian Education Services Limited 
            Cambian FS Limited 
            Cambian Group Limited 
            Cambian Group Holdings Limited 
            Cambian Group Holdings II Limited 
            Cambian Heritage I Limited 
            Cambian Heritage II Limited 
            Cambian Properties (U.K.) Limited 
            Cambian Signpost Limited 
            Cambian Signpost Care Services 
            Limited 
            Cambian Whinfell School Limited 
            Clifford House Limited 
            Continuum Care and Education 
            Group Limited 
            Elite Children's Care Limited 
            Farrow House Limited 
            Green Corns Ltd. 
            Greenwhitestar Acquisitions 
            Limited 
            Herts Care (Escort and Supervision 
            Services) Ltd. 
            Herts Care Group Ltd. 
            Herts Care Limited 
            Herts Care Property Ltd. 
            Independent Childcare Group 
            of Schools Limited 
            Inhoco 2993 Limited 
            Interact Care Limited 
            Logistics Development Group 
            plc 
            Puro Ventures Limited 
            Saccs Limited 
            Saccs Care Limited 
          ------------------------------------

Mr Kang holds no shares in the Company.

There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule 2 (g) of the AIM Rules for Companies.

For further information please contact:

   Idox plc                                                              +44 (0) 870 333 7101

Chris Stone, Non-Executive Chairman

David Meaden, Chief Executive

Rob Grubb, Chief Financial Officer

   Peel Hunt LLP (NOMAD and Broker)           +44 (0) 20 7418 8900

Edward Knight

Paul Gillam

James Smith

   MHP Communications                                     + 44 (0) 203 128 8793 
   Reg Hoare                                                         idox@mhpc.com

James Bavister

About Idox plc

For more information see www.idoxplc.com @Idoxgroup

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February 21, 2022 02:00 ET (07:00 GMT)

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