Business
Director Appointment and Results Timing Update
Director Appointment and Results Timing Update.
About this update from Concurrent Technologies Plc
[{"type":"text","content":"\n \n \n RNS Number : 6312H\n Concurrent Technologies PLC\n 26 March 2020\n \n \n \n 26 March 2020\n \n Concurrent Technologies Plc\n \n \n (the 'Company')\n \n \n \n \n \n Director Appointment and Results Timing Update\n \n \n \n Concurrent Technologies Plc (AIM: CNC), a world leading specialist in the design and manufacture of high performance embedded computer boards for critical applications is pleased today to announce the appointment to the Board, as a non-executive director, of Mark Cubitt.\n \n Mark has extensive multinational experience gained over the last 33 years, including 23 years in the listed PLC environment and 8 years as chief financial officer at Wolfson Microelectronics plc, until its sale to Cirrus Logic in August 2014. Mark is currently non-executive chairman of AIM listed Beeks Financial Cloud Group plc, a leading cloud computing and connectivity provider for financial services, a non-executive director of consumer products company RHA Technologies Ltd and is also a retained advisor to PureLiFi, a technology spin out from Edinburgh University.\n \n Mark is a Chartered Accountant and is a member of the Association of Corporate Treasurers. Previously, Mark has worked as a non-executive chairman of Superglass Holdings plc and was part of the team that turned around the business before its sale in 2016. He has also served as VP of finance at Jacobs Engineering and was finance director of Babtie Group Ltd until the sale of the company to Jacobs Engineering in 2004, when he then took up a wider finance role within Jacobs.\n \n In line with the recommendation from the Financial Conduct Authority (\"FCA\") that all listed companies delay the publication of their financial results for at least two weeks, the Company confirms that the annual financial results will be delayed until the Company and their auditors are satisfied it is appropriate to release them. The request of the FCA was a market-wide communication as a precautionary mechanism to assist audit sign-off processes amidst the current Coronavirus pandemic. A link to the FCA's announcement can be found below at https://www.fca.org.uk/news/statements/fca-requests-delay-forthcoming-announcement-preliminary-financial-accounts , and the FRC's announcement here https://www.frc.org.uk/news/march-2020-(1)/frc-supports-mora...