15th Jan 2014 07:00
15 January 2014
Daily Internet plc
("Daily Internet" or "the Company" or "the Group")
Appointment of Non-Executive Director
Daily Internet plc (AIM: DAIP), the hosting and cloud infrastructure provider, announces that it has appointed Christopher ("Chris") Evans as a Non-Executive Director with immediate effect.
Between April 2011 and November 2013, Mr Evans was with iomart Group plc ("iomart") where he was a director of the Easyspace division, a leading UK domain name and web hosting company, and reported directly to the iomart Board of Directors. He joined iomart following its acquisition of Switch Media Limited, a web hosting solutions business of which he was the founder and Managing Director. Switch Media Limited was listed in Deloitte's Technology Fast 50 for two consecutive years in 2007 and 2008.
Whilst with iomart Mr Evans was responsible for the technical and commercial aspects of integrating various hosting brands acquired by iomart, and during his tenure he delivered revenue and profitability ahead of budgets. Chris has over 14 years' experience in the web hosting industry and studied Software Engineering at Liverpool John Moores University.
Mr Evans is also currently Technical Director of Tokyo Digital Limited, a digital agency, where his focus is on the web hosting requirements of the business. In addition, Mr Evans is a partner at SC Capital Partners LLP, an angel investment business focused on the technology sector.
Mr Evans will be active in driving forward Daily Internet's acquisition and integration programmes.
Abby Hardoon, Managing Director of Daily Internet plc, commented:
"We are absolutely delighted to welcome Chris to Daily Internet. With his considerable experience and extensive network, the Board is confident that he will be a valuable contributor toward realising our vision of becoming one of the leading European hosting solutions providers.
"We are experiencing good growth in demand for our hosting products, and especially our managed VMware cloud and managed Infrastructure as a Service (IaaS) solutions. There has been further streamlining of operations and rationalisation of costs by the Group following the pivotal acquisition of Netplan, and these are now largely complete. The Daily Internet hosting brand continues to show steady growth and provides a good platform from which to support the considerable growth opportunities at Netplan, which offers much greater contract sizes and higher margins. Netplan has a strong pipeline of new business opportunities, has recently won a new initial contract with a tech services company, and is in discussions to grow other existing contracts.
"Chris's commercial and technical expertise will be invaluable to the Group as we continue to execute our buy and build strategy and search for additional acquisitions."
Chris Evans, Non-Executive Director of Daily Internet plc, commented:
"I am very pleased to be joining the Board of Daily Internet, especially following the recent pivotal acquisition of Netplan Internet Solutions. I'm confident that my experience will assist in helping Daily Internet to achieve and expedite its vision."
For further information please contact:
Daily Internet plc Abby Hardoon, Managing Director Michael Edelson, Chairman Chris Evans, Non-Executive Director | +44 (0)161 975 5757 |
Sanlam Securities UK Limited (Nominated Adviser and Joint Broker) Simon Clements/Virginia Bull/Catherine Miles | +44 (0)20 7628 2200 |
Loeb Aron & Company Limited (Joint Broker) Dr Frank Lucas/Peter Freeman | +44 (0)20 7628 1128 |
Walbrook PR Limited Bob Huxford/Guy McDougall/Paul Cornelius | +44 (0)20 7933 8780 |
The following information falls to be disclosed under rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.
Christopher Evans, aged 32, is or has been a director or partner of the following companies or partnerships in the preceding five years:
Current directorships or partnerships: | Past directorships or partnerships: |
Q4ex Limited | TM 2013 Realisations Limited |
Stone House Ventures Limited | Shelf SMB PLC |
Tokyo Digital Limited | LC Acquisition Finance LLP |
SC Capital Partners LLP | Tokyo Digital Investments LLP |
Reform Energy PLC | Switch Media (Ireland) Limited |
Beta Bidco Limited | Topicala Limited |
Simplysuits Limited - compulsory liquidation | |
Reform Energy Solutions Limited | |
Thai Restaurant Project Limited | |
Terry Capital Limited | |
SM Nominees Limited | |
Switch Host Limited | |
Tokyo Digital Limited | |
Switch Media Limited | |
Beta Bidco Limited | |
Closure ESC C16 (06673037) Limited | |
Closure ESC C16 (06434018) Limited |
Christopher Evans holds, directly and indirectly, a total of 7,562,736 ordinary shares in Daily Internet, equivalent to 2.04 per cent. of the issued share capital of the Company.
Mr Evans has confirmed that there is no additional information to be disclosed in accordance with Schedule Two, paragraph (g) of the AIM Rules.
Related Shares:
Sysgroup