TIDMVNET
RNS Number : 2511S
Vianet Group PLC
13 July 2022
13 July 2022
Vianet Group plc
("Vianet" or the "Group")
Directorate Changes
Vianet Group plc (AIM: VNET), the international provider of
actionable data and business insight through devices connected to
its Internet of Things platform ("IOT") confirms that, as notified
in the Company's full year results and following the Company's AGM
to be held later today, Chris Williams will step down from the
Board and that Stella Panu will be appointed to the Board as a
Non-Executive Director of the Group with effect from 14 July 2022
and will chair the Company's Audit Committee.
Stella was a founding Partner of Maven Capital Partner UK LLP
("Maven"), an investment management company, created after a
management buyout of the private equity business of Aberdeen Asset
Management plc ("AAM") in 2009, and led the business through to its
sale in July 2021. Maven has a focus on venture growth and
innovation and during her time at Maven, Stella led the AIM
Investment team and was the lead investor in private equity across
Maven. Having previously been at AAM and Seymour Pierce Ltd and had
seats on numerous company boards, Stella brings with her a wealth
of private equity M&A and AIM experience.
Stella has also previously worked for Pricewaterhouse Coopers,
The World Bank, and Raifessen Investment Fund and holds a degree in
Economics and an MA in Applied Economics and Statistics.
James Dickson, Chairman, said:
"Firstly, I'd like to extend my thanks to Chris on behalf of
myself and the executive team at Vianet for his advice, support and
input into the business over many years. The business has evolved
significantly over his time with us and in the last couple of years
managed its way through significant challenges that global markets
have experienced. I wish Chris all the very best for the
future.
"I am delighted that we have appointed Stella as a Non-Executive
Director and Chair of the Audit Committee. Her financial
background, City experience, combined with expertise across
finance, strategy, and M&A activity will be invaluable to the
Board and the Executive team as we continue to focus on delivering
our growth strategy."
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules for Companies,
Stella Panu, aged 48, holds or has held the following directorships
or partnerships in the past five years.
C urrent directorships Previous directorships within
the past five years
Movere Limited* Maven Capital Partners UK LLP
EZINVST4U Ltd* Maven GMLF CI LLP
Metropol Communications Limited GeninCode plc
Assecurare Limited The GP Service (UK) Ltd
Maven Capital (Telfer House) Briard Holdings Limited
LLP
SPSAV Trading Limited* Perfect Consulting Limited
Legal Reports and Services Limited
Torridon Capital Limited
Litcomp Limited
Elite Business Development Limited
Manor Retailing Limited
Fairmont Holdings Limited
Sopco Management Ltd
Campsie Captial Limited
Dalglen (No.1148) Limited
* dormant companies
In conjunction with her role at Maven, Stella is or has been a
director of several cash shells. Before 2016, venture capital
trusts ("VCT"), of which Maven manages numerous, were permitted to
invest in cash shells whereby respective investments were
considered to be qualifying investments for the purposes of VCT.
These cash shells were required to make an acquisition of a trading
business within 2 years. If such an investment wasn't completed
within the 2-year time frame then the cash shell was required to
return cash/investment to respective shareholders and the entity
placed into a voluntary liquidation. Such companies, which Stella
was a director at such time or in the 12 months preceding such
event, are as follows:
Briard Holdings Limited
Metropol Communications Limited
Assecurare Limited
Manor Retailing Limited
Dunning Capital Limited
Stella was previously a director of Dalgen (No. 1148) Limited.
This company was one of Maven's VCT investments. The trading assets
were sold to an acquiror in an asset sale and purchase transaction.
Following the sale of the assets, the company was placed into
voluntary liquidation and was dissolved on 7 June 2019. There were
no outstanding amounts owed to creditors.
Stella was previously director of Space Student Living Limited,
a company in which Maven was invested. The Company was placed into
liquidation on 12 December 2012 and subsequently dissolved on 9
December 2016. There were no amounts outstanding to creditors.
Stella was previously a director of Wey Bridging Ltd from 25
January 2010 to 26 November 2010. The company was placed into
liquidation via a creditor's voluntary liquidation on 2 November
2011. There were no amounts outstanding to creditors.
- Ends -
Enquiries:
Vianet Group plc
James Dickson, Chairman & Interim Tel: +44 (0) 1642 358
CEO 800
Mark Foster, CFO www.vianetplc.com
Cenkos Securities plc
Stephen Keys / Camilla Hume Tel: +44 (0) 20 7397
8900
www.cenkos.com
Media enquiries:
Yellow Jersey PR
Sarah Hollins Tel: +44 (0)7764 947
Henry Wilkinson 137
vianet@yellowjerseypr.com Tel: +44 (0)7951 402
336
www.yellowjerseypr.com
About Vianet
Vianet Group is a leading provider of actionable management
information and business insight created through combining data
from our smart Internet of Things ('IOT') solutions and external
information sources.
Since Admission to AIM in 2006, the Group has grown from its
core beer monitoring business both organically and through
strategic acquisitions to widen its offering and develop new
businesses, especially in vending telemetry and contactless payment
solutions particularly for the premium coffee sector.
Servicing over 300 customers across the world and rendering live
data to our IOT platform from over 250,000 connected machines
daily, Vianet is one of the largest business to business (b2b)
connected solutions providers in Europe with established long-term
relationships with blue chip customers and growing recurring
revenues which are over 85% of our total revenues.
In our Smart Machines division, we connect a single data
gathering device with its own on-board communication capability to
a customer's asset or system. The device then sends data back via
our IOT platform to cloud based servers. The technology was
originally developed for automated retailing machines; however, the
flexibility and functionality of the device means the technology
can be applied to any machine which has the capability to output
data. The device is also used to connect our contactless payment
solution and communicate payment terms to our cloud-based payment
services providers where that application is also required.
The Smart Zones division is where we connect multiple data
gathering devices into one or more systems or assets with the data
from those devices being communicated back to our IOT platform and
cloud-based servers via a single 3G communications hub. The
technology was originally developed for flow monitoring devices,
temperature sensors, and asset management in drinks retailing but
any data gathering device with a digital output could be connected
to the communications hub where required such as gaming machines,
utilities management and EPOS.
For further information, please visit www.vianetplc.com
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END
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July 13, 2022 02:01 ET (06:01 GMT)
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