9 April 2024

Synectics plc

("Synectics" or the "Company")

Board Appointment

And

Grant of Options

Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, today announces that Bob Holt OBE will be appointed as its Non-Executive Chair immediately following the conclusion of its annual general meeting ("AGM") to be held on 24 April 2024.

Bob Holt will replace Steve Coggins who will retire from the Board immediately following the conclusion of the AGM. Steve has served as a Non-Executive Director of the Company since January 2005, and as Interim Chair since October 2023. 

Bob is a highly accomplished executive with over 35 years' experience in senior leadership roles across various sectors, including Revolution Beauty, Sureserve Group Plc, and Mears Group PLC, where he guided the company through its successful IPO on AIM and played a pivotal role in establishing Mears as a market leader in its sector. Bob was awarded an OBE for his significant contributions to charity, having founded both The Footprints Foundation to support vulnerable individuals, both locally and internationally, and The Holt Trust, which provides grants to disabled and able-bodied young people under 25, helping them overcome barriers to achieving their full potential in amateur sports.

Upon his appointment, Bob will be granted options over, in aggregate, 350,000 ordinary shares of 20 pence each in the Company which would vest on 31 March 2027 depending on the performance of the Company's share price.

Paul Webb, CEO of Synectics, commented:

"On behalf of the Board, I would like to welcome Bob to the Company and look forward to his support in realising our strategic ambitions for the business.

"I would also like personally to thank Steve for his unwavering commitment to Synectics over many years."

Further information in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies (the "AIM Rules") is set out at the end of this announcement.

For further information, please contact:

Appendix - AIM Rule 17 

Save for the information set out above and below, there are no further disclosures to be made in accordance with Rule 17, Schedule Two (g) of the AIM Rules in respect of the appointment of Robert "Bob" Holt, aged 69. Bob does not hold an interest in the Company's share capital.

Current Directorships/Partnerships

Airfriendly Limited

Business Strategy LLP

Coal Hole Limited

EARNZ Plc

Global Trees

Leadership Today Limited

Nylah's Enterprises Limited

The Logical Utilities Company Limited

Past Directorships/Partnerships (within 5 years)

Arbed Am Byth Limited

Revolution Beauty Group Plc

Revolution Beauty Holdings Limited

Revolution Beauty Labs Limited

Revolution Beauty Limited

Revolution Beauty Nominees Limited

Revolution Beauty UK Holdco Limited

Seneca Partners Limited

Senone LLP

Sureserve Compliance Services Limited

Sureserve Design & Build Limited

Sureserve Energy Services Limited

Sureserve Group Limited

Sureserve Holdings Limited

Sureserve VGS Limited

The Mears Foundation

Totally Plc

In addition, Bob is Trustee and Chair of The Footprints Foundation and The Holt Trust.