3rd Dec 2019 18:13
(Alliance News) - YOLO Leisure & Technology PLC said Tuesday it has appointed John Taylor and Donald Stewart to the board with immediate effect.
The technology, travel, leisure and media investment firm said Taylor has joined as non-executive chair and Stewart has joined as a non-executive director, and also company secretary.
YOLO also said Simon Robinson and Sean Nicolson have stepped down as non-executive directors with immediate effect. Sohail Bhatti remains as finance director, the company added.
Taylor and Stewart worked together on the reverse takeover between Bidstack Group PLC, formerly cash shell KIN Group PLC, and software firm Bidstack Ltd, which completed in September 2018, YOLO noted.
In addition, the company has issued warrants for 5.0 million shares to Taylor, Stewart and Bhatti, representing 6.9% of the current issued share capital of the company, with a 10 pence exercise price.
Taylor and Donald Stewart have each been issued with warrants over 2.0 million shares, representing 5.5% of the current shares of the company. Bhatti has been issued with 1.0 million shares, representing 1.4% of the company.
YOLO shares closed flat in London at 12.00p each on Tuesday.
By Loreta Juodagalvyte; [email protected]
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