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Keystone Law Group Plc announced on March 20, 2023, the immediate appointment of Salar Farzad as an Independent Non-Executive Director. Simon Philips, a Non-executive Director since October 2014, will step down from the Board following the announcement of the Group's 2023 results. Mr. Philips will continue as Chair of the Audit Committee until his departure, after which Mr. Farzad will assume this role.
| Date | 20 Mar 2023 |
| Time | 07:00:07 |
| Category | Board changes |
| ID | 4474T |
20 March 2023
Keystone Law Group Plc
('Keystone Law', the 'Group' or the 'Company')
Board Changes
Keystone Law, the network and tech enabled challenger law firm, is pleased to announce the appointment of Salar Farzad as an Independent Non-Executive Director, sitting on the Audit, Remuneration and Nomination Committees, with immediate effect. Farzad is currently a Non-Executive Council Member and sits on the Nominations and Remunerations committees of Trinity College London. He is a qualified Chartered Accountant with extensive commercial experience, having served as CFO for a range of organisations including AIM quoted and private companies as well as divisions of large Main Market businesses.
Having been a member of the Board since October 2014, following the investment in Keystone by Root Capital (later rebranded ScaleUp Capital), Simon Philips has notified the Board of his intention to step down as a Non-executive Director. He has agreed with the Board that this should take place following the announcement of the Group's 2023 results and that he will continue in his role as Chair of the Audit committee until that time. Following Simon's departure, Salar will Chair the Audit committee.
James Knight, Chief Executive Officer of Keystone, commented:
"We are delighted to welcome Salar to the Board and look forward to working with him. I would like to take this opportunity to thank Simon for his invaluable contribution to the Group's development over the past eight exciting and formative years and I wish him all the best for the future."
For further information please contact:
Keystone Law Group plc
James Knight, Chief Executive Officer
Ashley Miller, Finance Director
www.keystonelaw.com
+44 (0) 20 3319 3700
Panmure Gordon (UK) Limited (Nominated Adviser and Joint Broker)
Dominic Morley (Corporate Finance)
Rupert Dearden (Corporate Broking)
+44 (0) 20 7886 2500
Investec Bank plc (Joint Broker)
Carlton Nelson
James Rudd
www.investec.co.uk
+44 (0) 20 7597 5970
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Charlie Neish / Kate Kilgallen
keystonelaw@vigoconsulting.com
+44 (0)207 390 0233
Notes to editors
Keystone Law (AIM: KEY), is an award-winning, UK Top 100, law firm, providing conventional legal services in a £9bn addressable market through its scalable and unique model, with three defining characteristics:
· Lawyers have freedom, flexibility and autonomy, and are paid up to 75% of what they bill.
· Lawyers determine how, when and where they work, in contrast to the conventional law firm model.
· Lawyers are provided full infrastructure and support via its central office team, bespoke user-friendly IT platform, and network of colleagues and events.
Keystone is a full-service law firm, with 20 service areas and more than 50 industry sectors delivered by nearly 400 high calibre self-employed Principal lawyers who work from their own offices.
In November 2020, Keystone was named Law Firm of the Year by The Lawyer, the first time a 'new' law firm has won the award.
More information about Keystone can be found at www.keystonelaw.co.uk.
The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies.
Salar Farzad, aged 57, holds or has held the following directorships or partnerships in the past five years:
Current Directorships or Partnerships
Trinity College London
Patrator Limited
Previous Directorships or Partnerships
Gattaca PLC
Alderwood Education Limited
Barclay Meade Limited
Cappo Group Limited
Cappo International Limited
Comms Software Limited
CommsResources Limited
Connectus Technology Limited
Elite Computer Staff Limited
Gattaca BV
Gattaca Projects Limited
Gattaca Recruitment Limited
Gattaca Solutions Limited
Matchtech Engineering Limited
Matchtech Group (Holdings) Limited
Matchtech Group (UK) Limited
Matchtech Group Management Company Limited
Matchtech Limited
MSB Consulting Services Limited
Networkers International (UK) Limited
Networkers International Limited
Networkers International Trustees Limited
Networkers Recruitment Services Limited
Provanis Limited
Resourcing Solutions Limited
The Comms Group Limited
Queens Club Gardens Limited
There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rules for Companies.