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Judges Scientific PLC announced board changes on 20 December 2024. Hon. Alexander Hambro will retire as Chair at the end of 2024 and step down as a Non-Executive Director at the conclusion of the Annual General Meeting in May 2025. Ralph Elman will assume the role of Non-Executive Chair of the Group on 1 January 2025.
| Date | 20 Dec 2024 |
| Time | 07:00:09 |
| Category | Board changes |
| ID | 8065Q |
20 December 2024
Judges Scientific plc
("Judges Scientific" or the "Company")
Board Change
Judges Scientific, the group focused on acquiring and developing companies in the scientific instrument sector, announces the following changes to the Board.
Hon. Alexander Hambro, current Chairman of the Group, has decided to retire as Chair at the end of 2024. He will remain as a Non-Executive Director until he steps down from the Board at the conclusion of the Group's next Annual General Meeting which will take place in May 2025.
Ralph Elman, current Non-Executive Director, will assume the role of Non-Executive Chair of the Group on 1 January 2025.
David Cicurel, Chief Executive Officer, commented: "Alex was one of our four founding directors when the Company originally listed on the London Stock Exchange in 2003. Since then, his wisdom, understanding of the City and faith in our culture and business model have been essential in us significantly scaling the Group from a £2m initial investment to a market capitalisation of £580m and multiplying shareholder value by 100 times. Alex, on behalf of all the Board, we are extremely grateful for your substantial contribution."
For further information please contact:
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Judges Scientific plc David Cicurel, CEO Brad Ormsby, CFO Tel: +44 (0) 20 3829 6970
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Shore Capital (Nominated Adviser & Joint Broker) Stephane Auton Harry Davies-Ball Tel: +44 (0) 20 7408 4090
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Panmure Liberum (Joint Broker) Edward Mansfield Nikhil Varghese Tel : +44 (0) 20 3100 2222
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Investec Bank plc (Joint Broker) Virginia Bull Carlton Nelson Tel: +44 (0) 20 7597 4000 |
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Alma (Financial Public Relations) Sam Modlin Joe Pederzolli Rebecca Sanders-Hewett Sarah Peters Tel: +44 (0) 20 3405 0205 |
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Notes to editors:
Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector. The Group consists of 25 businesses acquired since 2005.
The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, scientific research facilities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen's Awards for innovation and export.
The Group's companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.
Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash. Shareholder returns are created through the reduction of debt, organic growth and dividends.
For further information, please visit www.judges.uk.com