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DJ High Growth Capital PLC Non-Executive Director Appointment

TIDMHASH

RNS Number : 6448X

High Growth Capital PLC

01 May 2019

1 May 2019

High Growth Capital plc

("HGC" or the "Company")

Non-Executive Director appointment

HGC (NEX: HASH) is pleased to announce that Mike Power has been appointed as a non-executive director of the Company with immediate effect.

Mike Power (54) is currently Chief Operations Officer, Technology & Operations at the Development Bank of Singapore Limited (DBS), one of Asia's largest banking groups. Mike leads the ongoing digital transformation within DBS across a team of 2,000+ dedicated members. DBS is recognised by global industry peers as having one of the most comprehensive digital transformation programmes for a bank, encompassing being digital to the core, journey thinking, culture change, and a methodology to quantify the financial impact of digitalisation. DBS holds two global best bank awards concurrently, being named Global Finance's Best Bank in the World in August 2018, the first Asian bank to attain this achievement, and winning The Banker's prestigious Global Bank of the Year award in October. Earlier in the year, Euromoney also named DBS the World's Best Digital Bank and the World's Best Bank for SMEs.

Prior to Mike's current role he was Group Head of consumer banking operations at Standard Chartered Bank (SCB) covering 23 markets in Asia, Africa and the Middle East. Before joining SCB in 2005, Mike held various transformation leadership roles in GE Money Singapore.

 
 Current Directorships and       Past Directorships and Partnerships 
  Partnerships                    over the last 5 years 
 Central Boulevard Development 
  PTE LTD* 
                                ------------------------------------ 
 Mykraft Holdings PTE LTD* 
                                ------------------------------------ 
 

*Incorporated in Singapore.

Mike owns 59,550,000 ordinary shares of nominal value 0.01 pence each in the capital of the Company, being approximately 1.37% of the issued share capital.

As part of his appointment, Mike has been issued with 20 million options with an exercise price of 1.8 pence per share vesting over a 3 year period based on his continued service as a director. The options vest 40% in year 1 and 30% in year 2 and 3, respectively.

There is no further information regarding Mr. Power that is required to be disclosed pursuant to Paragraph 21, Appendix 1 of the NEX Exchange Growth Market - Rules for Issuers.

Commenting on today's appointment, Jens Zimmermann, Chairman said: "Mike's deep Asia knowledge combined with his internationally recognised technology and people skills will further enhance our collective capabilities to successfully deliver on our ambitious medium to long term plans. We welcome Mike to the Board and look forward to his contribution."

Mike Power, incoming non-executive director, continued: "Digital transformation and in particular the extremely important future requirements of consumers are in the DNA and heart of the Company's ambitious objectives. I have been closely following the progress of Sentiance over the past two years and think that the foundation that is being created will enable the Company to make great strides in its stated objectives. I look forward to working with Mark, Jens and the rest of the team in delivering tangible value to our existing and future stakeholders."

The person who arranged for the release of this announcement on behalf of the Company was Jens Zimmermann, Chairman.

Contact details:

 
                            Jens Zimmermann 
 The Company                 Mark De Smedt          +44 (0)207 583 4055 
 Whitman Howard 
  NEX Exchange Corporate    Nick Lovering 
  Adviser                    Christopher Furness    +44 (0)207 659 1234 
                           ----------------------  -------------------- 
                            Hilary Buchanan 
 Alma PR                     Caroline Forde         +44 (0)203 405 0205 
                           ----------------------  -------------------- 
 

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May 01, 2019 02:01 ET (06:01 GMT)