Oscillate Plc - Appointment and Resignation of Director PR Newswire

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Oscillate plc

AQSE: MUSH

(“Oscillate plc” or the “Company”)

BOARD CHANGES: APPOINTMENT AND RESIGNATION

The Company is pleased to announce the appointment of John Michael Treacy as a Non-Executive Director of the Company with immediate effect.

John Treacy qualified as a solicitor in the London office of a major international law firm where he specialised in Capital Markets and Mergers & Acquisitions. From there he moved on to practice corporate finance in the advisory teams of several prominent UK brokerages where he acted as an adviser on numerous initial public offerings, acquisitions, debt restructurings and placings. He is an experienced London-based financier who specialises in working with growing companies.

Further information on John Treacy (aged 40):

John Treacy does not currently hold any equity in the Company.

Current Directorships Previous Directorships
Ananda Development Plc
Cizzle Biotechnology Holdings
plc
YTC Consultancy Services Ltd
72 Richmond Hill Limited
URA Holdings PLC
Honye Financial Services Limited
AIK Energy Ltd
Supply@Me Capital plc (formerly
Abal Group plc)
Central Rand Gold Limited
(Guernsey)
China Sports Development Ltd
(BVI)
Digitalbox plc (formerly Polemos
plc)
Eight Capital Partners plc (formerly
Monreal plc)
Palermo Football Club S.p.A (Italy)
Pineapple Power Corporation plc
South African Property
Opportunities plc (Isle of Man)
Sport Capital Group Holdings
Limited (dissolved)
Sport Capital Group Investments
Limited
Evrima plc (formerly Sport Capital
Group plc)
Prefcap Ltd
Unione Sportiva Città di Palermo
S.p.A (Italy)
Epsion Capital Limited

John Treacy was appointed as a director of Sport Capital Group Holdings Limited on incorporation on 20 December 2018. This company was placed into a solvent members’ voluntary liquidation on 31 May 2019 and on 24 July 2020, the company was dissolved. Mr Treacy was a director of Unione Sportiva Città di Palermo S.p.A. for approximately five weeks between the dates of 31 December 2018 until 4 February 2019. Unione Sportiva Città di Palermo S.p.A. was declared bankrupt by the Court of Palermo on 18 October 2019. Mr Treacy was subsequently issued with a nine-month suspension from the management of Italian football clubs on 3 September 2020 by La Corte Federale d’Appello following the bankruptcy of Unione Sportiva Città di Palermo S.p.A. Mr Treacy appealed this ruling to the Collegio di Garanzia dello Sport. The Collegio di Garanzia dello Sport, being the senior court, upheld his appeal, and reversed the decision of La Corte Federale d’Appello, resulting in the decision being overturned and Mr Treacy being exonerated.

Except as set out above, there is no further information regarding John Treacy, that is required to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.

The Company also announces that Conrad Windham has resigned with immediate effect, due to other business commitments and will no longer have sufficient time to devote to the Company. The Company wishes to thank Conrad for his work, and especially whilst the Company was being recapitalised and refinanced.

The Directors of the Company, who have issued this announcement after due and careful enquiry, accept responsibility for its content.

Enquiries

Company:
Fungai Ndoro
Telephone: 020 7638 9271

Corporate Adviser: 
Peterhouse Capital Limited
Guy Miller & Mark Anwyl
Telephone: +44 (0) 20 7220 9796