29 September 2020
S-VENTURES PLC
("S-Ventures" or the "Company")
Appointment of Non-Executive Chairman
The Company is pleased to announce the appointment of David McNeil Mitchell to the Board of Directors, as Non-Executive Chairman of S-Ventures with immediate effect.
David Mitchell - Chairman
Mr Mitchell founded Astron Group, a provider of document management solutions and associated business process outsourcing services in 1996, following a management buy in/ buyout and subsequent secondary buyout of three print related businesses. He oversaw as Managing Director and founder the dynamic and robust growth of this business leading to its sale to Chicago based RR Donnelley & Sons, the world's largest print group for US $1 Billion.
Mr Mitchell is also currently Chairman of Perigord Limited, the Dublin based leading pharma content management and software provider for the pharmaceutical sector. David is also a founder shareholder of 24 Haymarket Limited. 24 Haymarket Limited is an FCA regulated HNW and UHNW members investment platform and syndicate, with offices in London and Edinburgh. David has overseen and invested in a number of companies in various sectors. David lives in Surrey and is a keen golfer and a highly qualified SCUBA diver.
CEO & Director, Scott Livingston added:
"Newly listed S-Ventures PLC appoints and welcomes serial deal maker and entrepreneur David Mitchell to the board as Non-Executive Chairman.'
S-Ventures PLC joined the AQSE Growth Market with its recent listing, with a very capable board and big investing plans ahead in the natural and organic consumer sectors. We are excited about adding David to the board with his wealth of deal-making knowledge as the Company looks to implement its investment strategy in this exciting sector."
David Comments: "I am delighted to join the board of S-Ventures PLC and work alongside an experienced and focussed team to grow the business and expand the group in a very interesting sector at a time when wellness and snacking habits are changing dramatically. Very exciting times for S-Ventures PLC."
Board comments: "The board of S-Ventures PLC are excited to welcome David to the board; the experience and approach of David will be vital in the coming years as we acquire and expand S-Ventures PLC."
Further information on David McNeil Mitchell:
Mr Mitchell currently has an interest of 1,875,000 ordinary shares in the Company, representing 2.5% of the Company's issued share capital.
Save as set out below, there is no further information regarding David McNeil Mitchell that is required to be disclosed pursuant to Appendix 1, Table A, paragraph 5.1.2 of the AQSE Exchange Growth Market - Rules for Issuers.
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Current Directorships
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Previous Directorships
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Focus24 Limited
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LA Fashion Enterprise Limited
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Greystone Management Limited
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24 Haymarket Limited
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Perigord Limited
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Mr. Mitchell was a director of LA Fashion Enterprise Limited that was placed into creditors voluntary liquidation on 10 October 2019 with an estimated deficiency to creditors of £394,719.
Mr. Mitchell was a director Csee Limited T/A Csee Boutique, that was placed into creditors voluntary liquidation in 2013 with an estimated deficiency to third party creditors of approximately £26,320.
The directors of the issuer accept responsibility for the contents of this announcement.
For further information, please contact:
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The Company
Robert Hewitt +44 (0) 1932 400 224
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AQSE Corporate Adviser:
Peterhouse Capital Limited
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Guy Miller/Allie Feuerlein +44 (0) 20 7469 0936
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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David McNeil Mitchell
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2
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Reason for the notification
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a)
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Position/status
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non-executive chairman
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b)
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Initial notification /Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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S-Ventures plc
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b)
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LEI
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 0.1 pence each in S-Ventures Plc
Identification code (ISIN) for S-Ventures Plc ordinary shares: GB00BN29LY68
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b)
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Nature of the transaction
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Disclosure of Ordinary Shares and warrants
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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50%:2p
50%:4p
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1,250,000 shares
625,000 shares
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d)
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Aggregated information
- Aggregated volume
- Price
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N/A
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e)
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Date of the transaction
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16 September 2020
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f)
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Place of the transaction
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AQSE Growth Market
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