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RNS: Proposed Board Change

Wednesday, 22 June 2022

Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, announces that its Chairman, David Coghlan, has informed the Company of his intention to retire from the Board by the end of the current year.

The Company has retained a professional search firm to seek a replacement and hopes to make an appointment once the right candidate has been chosen. Mr Coghlan has agreed to remain as Chairman until his successor is in place and a thorough transition and handover have been completed.

David Coghlan, Chairman of Synectics, commented: “Synectics is a fine company with a very bright future. It has now weathered the severe impact of the pandemic on its main markets and has recovered to profitability with a clear growth trajectory. The Group’s balance sheet, technology and competitive positions are strong.

"Having had the honour of chairing Synectics for 16 years, it is now time for me to step back from my current commitments to a less direct role and to support the future success of the Company as an actively engaged outside shareholder.”

 

For further information, please contact:

Synectics plc
David Coghlan, Chairman
Paul Webb, Chief Executive
Tel: +44 (0) 114 280 2828
www.synecticsplc.com
info@synecticsplc.com

Shore Capital
Tom Griffiths / David Coaten
Tel: +44 (0) 20 7408 4090

 

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