Board Change • 4h
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Joseph Colliver was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jul 03
Hellenic Dynamics plc Announces Update on Winding-Up Petition Hellenic Dynamics Plc announced that, following a ruling on 2 July 2025 by ICC Judge Briggs in the High Court, the application for a rescission of the winding-up order has been refused. As previously outlined in announcements, the Company has consistently maintained that the petition should not have been deemed a creditor. At the time the petition was filed, the Company was not under significant pressure from its creditors and had secured the support of funding partners to continue its operations. Over several months and a number of hearings, the former directors committed significant time, energy, and financial resources to seeking a rescission and a viable outcome for all stakeholders, which includes personally bearing the legal costs associated with seeking the rescission. The Company had identified a number of potential funding partners during this period but, as a result of the position the Company found itself in, it was not able to secure the necessary funding. The Company continues to explore options to preserve value for creditors and shareholders, in so far as possible. Board Change • Jun 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Joseph Colliver was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
