19 July 2019

Induction Healthcare Group plc

(“Induction”, the “Company or the “Group”)

Board appointment

Induction Healthcare Group PLC, a leading healthcare technology company helping streamline the delivery of care, is pleased to announce the appointment of Leslie-Ann Reed to the Board as Non-Executive Director with effect from 19 July 2019.

Leslie-Ann adds breadth and depth to the Board as the Group continues to establish a strong and engaged user base and pursue its strategy to acquire new and complementary modules for the Induction Switch app.

Leslie-Ann is a chartered accountant with a diverse background and extensive international experience, having served in both executive and non-executive roles in publicly listed media and professional services companies. Leslie-Ann is currently Non-Executive Director and Chair of the Audit Committee for Learning Technologies Group plc, a market-leading integrated digital services and talent management provider. In addition, she is a Non-Executive Director at Bloomsbury Publishing plc, where she is a member of the Audit and Remuneration Committees.  Previously, Leslie-Ann was a Non-Executive Director of the German listed company ZEAL Networks SE where she was Vice Chair of the Supervisory Board and Chaired the Audit Committee. Until May 2018 she was a Non-Executive Director and Chair of the Audit Committee of the London listed publisher Quarto Group, Inc.

From 2010 to 2012 she was Chief Financial Officer of the global, online B2B auctioneer Go Industry Dove Bid plc, which operated in 20 countries, where she focused on driving operating efficiencies, enhancing operating margins, improving cashflow and negotiating new banking facilities. She led the successful sale of the business in 2012. Between 2007 and 2010 Leslie-Ann was an adviser to Marwyn Investment Management, overseeing the strategy to acquire professional training, research, data and information businesses. Prior to that, she served as Chief Financial Officer of global commodities and economic research media group Metal Bulletin plc helping to lead its transition from printed products to an online data and news service. She played an important role in driving strong organic and acquisitive growth and in materially improving shareholder value, which ultimately led to its acquisition by Euromoney Institutional Investor PLC.

Leslie-Ann also held senior finance leadership roles at Universal Pictures, Polygram Music, EMI Music and Warner Communications Inc.

In accordance with Listing Rule LR 9.6.13 (1) Leslie-Ann Reed has held no other directorships in any other publicly quoted company at any time in the previous five years, except as disclosed above.  There is no further information to disclose in respect of LR 9.6.13.

Leslie-Ann Reed does not have an interest to be disclosed in the shares of the Group.

Ibs Mahmood, CEO at Induction, said: 

“We are thrilled to welcome Leslie-Ann to our Board. Leslie-Ann’s experience working with high growth and acquisitive companies will prove invaluable as we look to further grow our user base and app functionality, as well as looking at acquisition opportunities.”

Leslie-Ann Reed said:  

“I am very excited to get started at Induction. They’ve developed the Induction Switch app which is already changing the way medical professionals work to deliver care more effectively. I look forward to working with the team to help consolidate a fragmented market and to deliver on the strategy.

Save as disclosed below, in relation to current and prior directorships, Induction confirms that there are no further disclosures to be made in relation to Rule 17 of paragraph (g) of Schedule Two of the AIM Rules for Companies in respect of Leslie-Ann Reed’s appointment.

Leslie-Ann Reed, aged 60, currently holds and has held the following directorships in the past five years:

Leslie-Ann Reed does not hold any ordinary shares of 0.5 pence each in the Company.

-Ends-