Business
Appointment of CEO and director resignation
Appointment of CEO and director resignation.
About this update from Insig Ai Plc
[{"type":"text","content":"\n \nRNS Number : 6019H Ultimate Sports Group PLC 02 August 2019 \n\nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n2 August 2019\nUltimate Sports Group PLC\n(\"USG\" or the \"Company\")\n \nAppointment of Chief Executive Officer and \nDirector Resignation\n \nUltimate Sports Group PLC, the AIM listed investment vehicle, is pleased to announce the appointment of Matthew Farnum-Schneider as Chief Executive Officer (\"CEO\") with effect from 1 August 2019.\nMatthew Farnum-Schneider, aged 45, is an experienced senior executive, having most recently been a Managing Director and Senior Adviser to the CEO at Credit Suisse between 2015-2019, prior to which he was Managing Director at the Chief Executive Office of Prudential PLC between 2014-2015. Between 2012-2013, Matthew was Director of International Economics of the White House National Security Council, prior to which, he was appointed by the White House to manage the US government's development finance institution, the Overseas Private Investment Corporation (OPIC). \nMatthew Farnum-Schneider said: \"I am delighted to be joining USG as CEO and look forward to providing more details on our strategy for the business in the coming months.\"\nCommenting on the appointment, Executive Chairman, Richard Owen said: \"I am very pleased that someone the calibre of Matthew will be joining USG as CEO and has committed himself to spearhead the corporate development of the Group.\"\nInformation disclosable under Schedule Two paragraph (g) of the AIM Rules\nMatthew Farnum-Schneider does not hold any shares. However, as part of his compensation package, the Company will grant Matthew options over up to 4,000,000 ordinary shares in the Company (\"Shares\") as follows:\n\n\n\nVesting period\n\n\nNo. options \n\n\nExercise price\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1 February 2020 to 31 January 2023\n\n\n666,666\n\n\n20 pence per Share\n\n\n\n\n1 August 2020 to 31 July 2023\n\n\n333,334\n\n\n20 pence per Share\n\n\n\n\n1 August 2020 to 31 July 2023\n\n\n333,332\n\n\n40 pence per Share\n\n\n\n\n1 February 2021 to 31 January 2024\n\n\n666,668\n\n\n40 penc...