3 October 2022
Pelatro Plc
("Pelatro" or the "Group")
Directorate Change
Pelatro Plc (AIM: PTRO), the Customer Engagement Hub software specialist for enterprises, announces that Richard Day has informed the Group of his intention to resign from his position as Chairman of the Board.
To ensure a smooth transition, Richard will remain as Chairman for the next two months while the search process for a successor is underway. The announcement of a successor will be made in due course.
Richard Day, Chairman of Pelatro Plc, said:
"I know I am leaving the Group in safe hands led by CEO Subash Menon and our impressive management team. The business is doing well, a lot has been achieved and many exciting opportunities lie ahead for the Group. With my commitments to my other companies in mind, this feels the right time to step back from my role at Pelatro. My thanks go out to all our loyal and extremely competent staff, our shareholders as well as our various advisers for all their support."
Subash Menon, CEO of Pelatro Plc said:
"I would like to thank Richard for his contribution to the Board and the wider business in his time with us. We benefited significantly from his deep understanding of the capital markets and stature within the investor community and he was instrumental in our successful IPO in 2017. He will leave with our gratitude and best wishes for his future endeavours."
For further information contact:
| Pelatro Plc | c/o finnCap | |
| Subash Menon, Managing Director | | |
| Nic Hellyer, Chief Financial Officer | | |
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| finnCap Limited (Nominated Adviser and Joint Broker) | Tel: +44 (0)20 7220 0500 | |
| Carl Holmes / Milesh Hindocha (Corporate Finance) | | |
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| Dowgate Capital Limited (Joint Broker) | Tel: +44 (0)20 3903 7715 | |
| Stephen Norcross | | |
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Notes to editors
The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh Yezhuvath with the objective of offering specialised, enterprise class software solutions for customer engagement principally to telcos who face a series of challenges including market maturity, saturation and customer churn.
Pelatro provides its "mViva" platform for use by customers in B2C and B2B applications and is well positioned in the Customer Engagement space. Our technology orchestrates the digital journey of the customers of the telcos through contextual, relevant and real time offers and loyalty programs across multiple channels including websites, social media, apps and others.
For more information about Pelatro, visit www.pelatro.com
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