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15 December 2022
1Spatial plc (AIM: SPA)
("1Spatial", the "Group" or the "Company")
Directorate Change
1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, announces that, following two and a half years with the Company, Andrew Fabian, Chief Financial Officer, will be resigning from his position on the Board on 19 December 2022. Andrew will remain with the Company until the end of February 2023 to ensure a smooth handover.
During his time in this role, Andrew helped with the development of the current growth strategy including the transition of the Group towards a recurring revenue business model. The Board thanks him for his contribution during this important time for 1Spatial and wishes him well for his future endeavours.
1Spatial is pleased to announce the appointment to the Board of Stuart William Ritchie, aged 43, as Chief Financial Officer with effect from 19 December 2022. Stuart is an experienced finance director, with a strong background in publicly quoted international technology companies. Mr. Ritchie is currently Group CFO at Fusion Global Limited, a provider of SaaS based workflow software with £30m in annual revenue and operations across multiple territories, and his previous roles include Global Head of Accounting and external reporting at Zeal Network SE, a Frankfurt listed eCommerce group. Stuart is a chartered accountant, having qualified with EY.
Andy Roberts, Non-Executive Chairman of 1Spatial, commented, "The Board and I would like to thank Andrew for the role he has played in seeing 1Spatial safely into its next stage of growth, providing the business with a solid financial platform to support its evolving SaaS business model.
"We are delighted to welcome Stuart to the Board. With his experience in international technology companies, we are confident he will provide great financial leadership to the business alongside Claire and the team, as we seek to capture the considerable opportunity ahead of us."
Mr. Ritchie neither holds, nor has held within the last five years, any directorships or partnerships, and he holds no ordinary shares in 1Spatial.
Save as set out in this announcement, there are no further details to be disclosed under Rule 17 or Schedule 2(g) of the AIM Rules for Companies in respect of Mr. Ritchie.
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For further information, please contact:
1Spatial plc | 01223 420 414 |
Claire Milverton | |
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Liberum (Nomad and Broker) | 020 3100 2000 |
Neil Patel / Cameron Duncan / Kate Bannatyne / Miquela Bezuidenhoudt | |
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Alma PR | 020 3405 0205 |
Caroline Forde / Hannah Campbell / Stephen Samuel | 1spatial@almapr.co.uk |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.
About 1Spatial plc
Unlocking the Value of Location Data
1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software, solutions and business applications, primarily to the Government, Utilities and Transport sectors via the 1Spatial platform. Our solutions ensure data governance, facilitating the efficient, effective and sustainable operation of customers around the world. Our global clients include national mapping and land management agencies, utility companies, transportation organisations, government and defence departments.
Today, when using and sharing trusted data provides significant opportunities for businesses and governments to deliver against important sustainability and Net Zero goals, our vision is clear: to make the world safer, smarter and more sustainable by unlocking the value in data, enabling better decisions and greater insights.
The 1Spatial platform is a comprehensive set of data and system agnostic LMDM software components which helps ensure master data is compliant, current, complete, consistent, and coordinated - and that customers can be confident it will remain that way as it evolves. It allows them to master their data on any device, anywhere, anytime and can be deployed as SaaS in the cloud, on-premise, or as a hybrid of both.
1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with operations in the UK, Ireland, USA, France, Belgium, Tunisia and Australia.
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