ID Data plc, the AIM-listed provider of secure smart-card based transaction systems and services to the international telephony, banking, retail and secure-access sectors (“the Company”), announces that Martin Coles, currently the Company’s Financial Controller, is appointed to the Board as Group Finance Director.
Mr Coles was previously Group Financial Controller and Finance Director of ID Data Systems Limited, the Company’s largest subsidiary. He has been with the business for four years and offers considerable experience in various commercial areas, particularly in cost and management control.
A co-author of a number of business textbooks, Mr Coles qualified in 1983 as a member of the Institute of Chartered Management Accountants, and holds a Bachelor’s Degree in Business Education.
Prior to joining ID Data he held positions with GEC, Granada TV Rental and BET Initial.
Commenting on the appointment, Mike Blackburn Chairman, said: “The invitation to Martin to join the Board recognises the excellent work he has done in the ongoing restructuring of our businesses and their progress towards profitability. The Board is pleased that he has accepted the role of Group Finance Director and is confident that he will continue to deliver effective strategic and operational value.”
Matters for disclosure under paragraph (f) of Schedule 2 of the AIM Rules with respect to the appointment of Martin Coles as an executive director of ID Data plc:
Full name: Martin Coles
Current directorships: Director of ID Data Systems LimitedDirector of Palmer Ladds Limited
There are no other matters that are required to be announced with regards to this appointment.
For further information, please contact:
ID Data plc
Peter Cox, Chief Executive
Tel: +44 (0) 1536 207000
Grant Harrison / David Rae
Tel: +44 (0) 20 7459 3600
Peter Curtain / Heather Salmond
Tel: +44 (0) 20 7444 4151
Notes to Editors:
ID Data plc ("ID Data") is the world’s seventh-largest supplier of secure-transaction systems and smart-card services to the international telephony, banking, retail, and secure-access sectors. The Company’s strategy, to move from commodity products to value-added services and solutions, has created a solid platform on which to build further growth. The Company’s clients include Vodafone, Nectar, Tesco, and Exxon Mobil. ID Data has formed agreements with major global corporations to facilitate rapid market development including partnerships with Toshiba and Toppan. The Company has delivered in excess of 10 million chip cards to the banking market in the UK, giving it an estimated 33% market share after less than 18 months. The Company was founded in 1988 and was listed on the AIM in October 2000.
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