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