# WideCells Group PLC New Board members bring a wide range of business, corporate & capital market experience

- Link: https://www.directorstalkinterviews.com/widecells-group-plc-new-board-members-bring-a-wide-range-of-business-corporate-capital-market-experience/412767863
- Published: 2019-02-25T08:23:23+00:00
- Author: Charlotte Edwards

**WideCells Group PLC **(LON:WDC), announced that, following the issuance of the
Prospectus on 22 February 2019, Mr. David Sefton, who has a significant financial
interest in the Company through the acquisition by Nuuco Media Limited, a company
controlled by Mr. Sefton, of an option to acquire up to 29.9% of the Company’s issued
share capital, has been appointed to the Board as Executive Chairman, to advise 
on potential future strategies and acquisitions for the Company. Additionally, to
support Mr. Sefton, Mr. Richard Thompson has been appointed as a Non-Executive Director.
The new Board members bring a wide range of business, corporate and capital market
experience and a proven track record in building companies and generating value 
for all stakeholders. They will be active in evaluating opportunities that they 
believe will benefit from the cumulative expertise of the Board as well as the Company’s
corporate structure. As part of these Board changes, Mr. Peter Presland, who has
been Non-Executive Chairman since December 2017, will step down from that role, 
but will remain on the Board as a Non-Executive Director. Alongside the new appointments,
Mr. Joao Andrade and Dr. Jeremy Lea have stepped down from their respective roles
on the Board. They will both continue to work for WideCells International Limited(“
WCI”), a wholly owned subsidiary of the WideCells Group, through which the current
stem cell services business is transacted. Dr. Lea will become Chief Executive Officer
of WCI and Mr. Andrade will provide support to him. Additionally, Mr. Malcolm Glaister
and Mr. David Henriques have resigned as Non-Executive Directors of the Company 
with immediate effect. Executive Chairman Mr. David Sefton has extensive public 
and private company board experience in the UK and North America. He is the founder
and Managing Partner of Linton Capital LLP, a private equity manager; a director
of LRE Capital, a real estate fund manager; and is the founder and Executive Chairman
of Anglo African Oil & Gas Plc, an AIM listed exploration and production company.
David has made and structured investments and acquisitions across Europe, Russia,
the Middle East, Africa and North America, including in the energy, technology, 
telecoms and media sectors. He completed undergraduate and postgraduate studies 
at the University of Oxford and initially practised as a barrister, before joining
the New York law firm Cleary Gottlieb, Steen & Hamilton. David is registered as 
an approved person with the Financial Conduct Authority. Non-Executive Director 
Mr. Richard Thompson has extensive experience in private and public companies both
on an operational and investing capacity. He began his career at Hillsdown Holdings
and has had roles including Chairman of QPR, Leeds Utd and Windsor Racecourse. He
was also the founder investor of Fonix, mobile telephony.

> **David Sefton, Executive Chairman of WideCells, commented: **“We have taken control
> of the Board of the Company and are focussed on building a business that generates
> value for shareholders. The new Board has an extensive network, commercial experience
> and business expertise that we will utilise to implement a wider strategy and 
> identify additional businesses that we believe will benefit from the new Board
> and the listed corporate structure. We remain supportive of a restructured and
> simplified WideCells business, which will be run entirely through a subsidiary
> structure, and are excited about the future for the Company itself and of consummating
> deals in the near future.”

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