RNS: Board Changes

Friday, 09 October 2015

Synectics plc (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces the following Board changes.

Nigel Poultney, Finance Director, will be retiring from the Company’s Board, and from the role of Finance Director, at the end of the current financial year on 30 November 2015. Nigel joined Synectics in 1991 and was appointed Finance Director in 1997. Following his retirement, Nigel will continue in the part-time role of Company Secretary of Synectics, and as an advisor to the Company, thereby ensuring a smooth and effective handover to his successor.

On 1 December 2015, Mike Stilwell, currently Synectics’ Group Financial Controller, will be appointed to the Board and promoted to the role of Finance Director. Mike joined Synectics in October 2012, after finance roles with the Saint-Gobain Group, Coventry Building Society and the Caparo Group. He qualified as a Chartered Accountant with KPMG in 2001.

David Coghlan, Chairman of Synectics, commented:

“Nigel Poultney has demonstrated quite exceptional skill, integrity and commitment throughout his lengthy service at Synectics, and has played a substantial role in the Group’s growth and development over that period. Whilst we are sorry that he has now chosen to retire from full-time employment, I am delighted that Nigel has agreed to make himself available on an ongoing part-time basis to provide us with both a seamless transition and continued access to his deep knowledge of our business.

“Since joining the Group, Mike Stilwell has taken on increasingly senior responsibilities within Synectics’ finance department and across all of its operating businesses. On the basis of observing his performance at first hand on a range of important issues, the Board is confident he has all of the necessary capabilities to make a strong contribution to the Group as Finance Director. We are pleased to be able to make this appointment internally in accordance with our succession plan.”

AIM Rule 17

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies. Michael James Stilwell, aged 39 years, holds, or has held, the following directorships within the last 5 years:

Current Directorships

  • A1 Presentations Limited
  • Coex Limited
  • Falcon Equipment And Systems Limited
  • Fotovalue Limited
  • IES Integrated Electronic Systems Limited
  • Integrated Environmental Systems Limited
  • Look CCTV Limited
  • Look Closed Circuit T.V Limited
  • Protec 2001 Limited
  • Protec Plc
  • Quadnetics Group Limited
  • Quadrant Research & Development Limited
  • Quadrant Video Systems Plc
  • S D A Protec Limited
  • Sanpho Pension Trustees Limited
  • SDA Network Solutions Limited
  • SDA Protec (2001) Limited
  • Sectronic (Marketing) Limited
  • Security Design Associates (1979) Limited
  • Software Developments (Digital Direct) Limited
  • SSS Managed Services Limited
  • SSS Management Services Limited
  • Stanmore Systems Limited
  • Synectic Systems Limited
  • Synectics Managed Services Limited
  • Synectics Technology Centre Limited

Previous Directorships

  • A.& H.Jones & Co.Limited
  • AP Braking Limited
  • Armstrong Screws & Fixings Limited
  • Atlas Bolt (Darlaston) Limited
  • BA Machining Limited
  • Barton Aluminium Foundries Limited
  • Barton Conduits Limited
  • Barton Electrical Limited
  • Barton Engineering Limited
  • Barton Group Limited
  • Barton Overseas Holdings Limited
  • Barton Tubes Limited
  • C.M.T. Steels & Supplies (Northern) Limited
  • C.M.T. Tubes & Fittings Limited
  • Caparo (Tipton) Limited
  • Caparo Burton Limited
  • Caparo Cradley Heath Limited
  • Caparo Fabrications Limited
  • Caparo Forgings Limited
  • Caparo Industries (LTI) Limited
  • Caparo Management Services Limited
  • Caparo Pensions Trustees Limited
  • Caparo Properties Limited
  • Caparo Tea Company Limited
  • Caparo Toys Limited
  • Synectics No. 2 Limited
  • Caparo Tubes Limited
  • Caparo Wire Limited
  • Clydesdale Engineering Limited
  • Clydesdale Forge Limited
  • CMT Dynamics Limited
  • CMT Engineering Insulation Limited
  • CMT Engineering Limited
  • Forest Fasteners Limited
  • Globaltech Group Limited
  • Material Measurements Contracts Limited
  • Material Measurements Group Limited
  • Materials Testing Services Limited
  • Midland Iron (Cradley Heath) Limited
  • Natural Gas Tubes Limited
  • NDIS Limited
  • Non-Destructive Inspection Services Limited
  • Nupac Limited
  • Quest Inspection Limited
  • Rabco Industrial Inspection Limited
  • S.E.Bate (Harborne) Limited
  • Screw & Rivet Limited
  • Trutest (N.D.T.) Limited
  • Tube Fittings Limited
  • United Merchant Bar Limited
  • Whitehouse Hand Tools Limited
  • Wrexham Wire Company Limited

Mr Stilwell has the following interests in the Company’s ordinary shares of 20 pence each:

Beneficial Interests Interest in Share Schemes Resultant Total Interest % of Issued Share Capital
2,910 32,845 35,755 0.20%

For further information, please contact:

Synectics plc
David Coghlan, Chairman
Paul Webb, Chief Executive
Tel: +44 (0) 1527 850 080

Stockdale Securities Limited
Tom Griffiths / Henry Willcocks
Tel: +44 (0) 207 601 6100

Media enquiries:
Mark Court / Sophie Cowles / Jane Glover
Tel: +44 (0) 207 466 5000


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