Tekcapital plc Appointment of Director (9112Y)

TIDMTEK

RNS Number : 9112Y

Tekcapital plc

07 January 2020

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Tekcapital Plc

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

Board Addition

THE RT HON LORD WILLETTS FRS JOINS TEKCAPITAL'S BOARD

Tekcapital Plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology, is pleased to announce that Lord David Willetts has joined the Board of Tekcapital with immediate effect.

The Rt Hon Lord Willetts FRS is President of the Resolution Foundation and former U.K. Minister for Universities and Science. He served as the Member of Parliament for Havant (1992-2015), and previously worked at HM Treasury and the No. 10 Policy Unit. Lord Willetts is a visiting Professor at King's College London, former Chair of the British Science Association and a member of the Council of the Institute for Fiscal Studies. He is also an Honorary Fellow of Nuffield College, Oxford. Lord Willetts has written widely on economic and social policy. His book 'The Pinch', which focused on intergenerational equity, was published in 2010, and he recently published 'A University Education'. Lord Willetts is a graduate of Oxford University and has been awarded numerous honorary doctorates.

Dr Clifford Gross, Executive Chairman at Tekcapital, commented: "We are very pleased to have Lord David Willetts join our board and believe that his extensive business and university experience, coupled with his knowledge regarding the commercialisation of scientific discoveries, will further enhance the board's skills and growth prospects for the Company."

The Rt Hon Lord Willetts said "Tekcapital is an exciting company with a global university network. I look forward to helping Tekcapital turn their ideas into the businesses of the future."

The following information regarding the appointment of Lord David Lindsay Willetts, aged 63, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 
 Current directorships and/or partnerships:   Former directorships and/or partnerships 
                                               (within the last five years): 
 8GT Advisory Limited                         Borough of Havant Sport and Leisure 
  Biotech Growth Trust Plc                     Trust 
  Booker Prize Foundation                      British Science Association 
  Davco Limited                                Genome Research Ltd and Sanger Institute 
  Eight Great Technologies Fund                National Council for Universities 
  Foundation for Science and Technology        and Business 
  Marchmount Executive Services Limited        Science Museum 
  Resolution Foundation                        The Biotech Industry Association 
  Sirius Constellation Limitied                The Council For Industry and Higher 
  Surrey Satellite Technology Ltd.             Education 
  Thames Holdings Limited                      The Francis Crick Institute Limited 
  UK Research and Innovation                   Vantix Diagnostics Inc. 
  Verditek Plc 
                                             ------------------------------------------

Lord Willetts does not have any beneficial interest in the ordinary shares of the Company, but has been granted 100,000 stock options under the Company's stock option plan.

There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed intellectual properties and provides a range of IP investment services to make it easy for organisations to commercialise university-developed technology. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com

LEI: 213800GOJTOV19FIFZ85

For further information, please contact:

 
Tekcapital Plc                                    +1 305-200-3450 
Clifford M. Gross, Ph.D. 
 
SP Angel Corporate Finance LLP 
 (Nominated Adviser and Joint Broker)             +44 (0) 20 3470 0470 
Richard Morrison / Charlie Bouverat (Corporate 
 Finance) 
 
  Novum Securities Limited (Joint Broker)           +44 (0) 20 7399 9427 
Colin Rowbury (Corporate Broking)

Flagstaff Strategic and Investor Communications +44 (0)207 129 1474

Tim Thompson/Andrea Seymour/Fergus Mellon

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END

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January 07, 2020 02:00 ET (07:00 GMT)

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