Business
Board Update and Directorate Changes
Board Update and Directorate Changes.
About this update from Distribution Finance Capital Holdings Plc
[{"type":"text","content":"\n \n \n RNS Number : 6974M\n Distribution Finance Cap. Hldgs PLC\n 13 May 2020\n \n \n \n \n 13 May 2020\n \n \n Distribution Finance Capital Holdings plc \n(\"DFC\" or the \"Company\" or together with its subsidiaries the \"DFC Group\")\n \n \n Board Update and Directorate Changes\n \n \n The Company has relationship agreements in place with its two largest shareholders, Arrowgrass Master Fund Limited (AMFL) and Watrium AS. In line with market practice for such agreements, and as described in the Company's AIM Admission Document, both shareholders are entitled to appoint representative directors to the Board for as long as their shareholdings exceed agreed percentage thresholds. \n \n \n As envisaged by these relationship agreements, both AMFL and Watrium AS recently informed the Company that they wished to appoint representative directors. The Board is therefore pleased to announce the appointment of Mr Stephen Greene (on behalf of AMFL) and Mr Haakon Stenrod (on behalf of Watrium AS) as Non-Executive Directors, with effect from today.\n \n \n Mr Greene has investment banking, investing and capital markets experience, previously holding positions at Keel Harbour Capital Limited, Arrowgrass Capital Partners, RMG Wealth Management, ACPI Investments and Deutsche Bank. Recently he has transitioned into more technology focused roles, specifically within financial services and artificial intelligence, and currently serves as Managing Director of Orsus Ventures Limited and Coleura Labs Limited and formerly served as Managing Director of Satalia. Mr Greene has a Money, Banking and Finance degree from the University of Birmingham and is a Chartered Financial Analyst (CFA) charterholder.\n \n \n Mr Stenrod is an Investment Director at Watrium AS. He was previously a partner with the leading Nordic investment banking group ABG Sundal Collier. He has broad transaction experience in M&A, equity capital markets, debt and restructuring advisory. He holds an M.Sc. in Industrial Economics and Technology Management from the Norwegian University of Science and Technology.\n \n \n The Company also announces that Henry Kenner and James van den Bergh will be stepping down from the Board with immediate effect. Henry has been involved with DFC since its inception and has played an important part...