お知らせ • Dec 03
RegTech Open Project to Delist from London Stock Exchange RegTech Open Project plc gives notice that, having extensively reviewed and evaluated the advantages and disadvantages of a listing on the Equity Shares (Transition) category of the Official List of the Financial Conduct Authority ("FCA") and trading of shares on the main market for listed securities of the London Stock Exchange ("LSE"), the Board of Directors of the Company (the "Board") has resolved to request that (i) the FCA cancels the listing of the Company's Shares from the Official List maintained by the FCA, and (ii) the LSE cancels the admission to trading of the Company's Shares on the LSE's main market for listed securities (together, the "Delisting"). In accordance with Listing Rule 21.2.17R, the Company is required to give at least 20 business days' notice of the Delisting., the Company gives notice today of its intention to seek the Delisting tol become effective on or around 31 December 2024, with the last date of trading of its Shares on the LSE being on or around 30 December 2024. As the Company is in the Equity Shares (Transition) category of issuers listed on the Official List no shareholder approval is required for the Delisting. The decision to proceed with the Delisting was taken by the Board as part of a short term cost reduction and liability management plan and a review of the Company's longer term strategy and direction. In taking its decision, the Board took into account a number of key factors including (i) the current funding position and the performance of the Shareholder Loan Agreement (the "SLA") as indicated in the below table; (ii) current market conditions, which are challenging for companies such as RTOP; (iii) the challenges in implementing the Company's growth strategy in the listed issuer environment, including the considerable management time and costs necessarily incurred by the Company as a result of its listing, especially at this stage of the Company's development; (iv) the resignation of all of the Company's executive staff in London; (v) the current suspension of the Company's listing; and (vi) the best path forward to continue to protect the position of creditors of the Company, including maximising shareholder value and increasing the potential for the long-term success of the Company. お知らせ • Oct 16
RegTech Open Project plc Announces Resignation of Paul McFadden as Chief Financial Officer RegTech Open Project plc announced that Paul McFadden has tendered his resignation from his position as Chief Financial Officer of the company, effective October 15, 2024. Paul McFadden has agreed to assist the company in an advisory capacity until his successor is appointed. In the meantime, the senior leadership team under the guidance of Corrado Rosi, Chief Operating Officer, will lead the business in close collaboration with Non-Executive Directors. お知らせ • Jun 01
RegTech Open Project plc Announces Resignation of Ian Halliday-Pegg as Chief Executive Officer RegTech Open Project plc announced that Ian Halliday-Pegg has tendered his resignation from his position as Chief Executive Officer and Director of the Company, effective immediately, to enable him tofocus on his personal business interests. Ian Halliday-Pegg has agreed to assist the Company in a strategic advisory capacity until his successor is appointed. As part of its succession planning to enable the Company best to deliver on its updated strategic growth plan announced on 4 March 2024, including the launch of an additional scalable business line in InsurTech, the Company has identified a potential successor to Ian Halliday-Pegg, and will announce the appointment of its new CEO as soon as possible. In the meantime, the senior leadership team under the guidance of Corrado Rosi, Chief Operating Officer and Paul McFadden, Chief Financial Officer, will lead the business in close collaboration with Non-Executive Directors. New Risk • Oct 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.50m (US$9.11m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (33% average weekly change). Market cap is less than US$10m (UK£7.50m market cap, or US$9.11m). お知らせ • Sep 08
RegTech Open Project plc Announces Appointment of Paul John McFadden as Chief Financial Officer, Effective from 5 December 2023 RegTech Open Project plc announced the appointment of Paul John McFadden, Age: 42, as Chief Financial Officer, with an effective start date of 5 December 2023. Paul has over 15 years' experience in senior finance positions within market leading digital information services, IT security, business advisory, training and events businesses, creating and leading scalable finance functions. Most recently, Paul was Group Chief Financial Officer and Company Secretary of Shearwater Group plc, prior to which he was Group Financial Controller at Wilmington plc during which time he was responsible for creating and leading a scalable shared service centre as the business grew substantially organically and via acquisitions in a five year-period. Directorships and partnerships: Current: Brookcourt Solutions Limited England & Wales); Brookcourt Solutions B.V. (The Netherlands); GeoLang Limited (England & Wales); GeoLang Holdings Limited (England & Wales); Pentest (Ireland) Limited (Republic of Ireland); Primavera (Jersey) Ltd. (Bailiwick of Jersey); SecurEnvoy Limited (Delaware, United States); SecurEnvoy GmbH (Germany); SecurEnvoy Limited (England & Wales); Shearwater Group plc (England & Wales); Shearwater Shared Services Limited (England & Wales); Xcina Limited (England & Wales); Xcina Consulting Limited (England & Wales). Former (within the last five years): Oakwood Accountancy Solutions Limited (England & Wales). Paul will shortly be resigning from this role as it is associated with his former employer, Shearwater Group plc. Paul was a statutory director of SecurEnvoy GmbH (an entity associated with his former employer, Shearwater Group plc) when it was placed into solvent dissolution as a result of members' voluntary liquidation. It is currently in the process of being dissolved via voluntary strike-off. Paul was a statutory director of Oakwood Accountancy Solutions Limited when it was placed into solvent dissolution as a result of members' voluntary liquidation. It was subsequently dissolved via voluntary strike-off on 31 October 2022. 
