Defence Holdings PLC (LON: ALRT) has announced the appointment of Andrew Roughan as Chief Executive Officer, effective 30 March 2026, as the company looks to strengthen its leadership team with deeper expertise in defence and technology innovation.
As part of his remuneration package, Roughan will be granted warrants over 142,907,576 ordinary shares, representing around 6% of the company’s issued share capital. The warrants are structured across three exercise price tranches at:
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1.38 pence
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3.45 pence
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6.9 pence
The company also provided an update on its at-the-market (ATM) funding facility, confirming it has raised an additional £92,800, taking total gross proceeds raised under the facility to £713,117.49.
The appointment and ongoing capital raising reflect Defence Holdings’ efforts to build operational momentum and position the business for its next stage of growth within the defence technology sector.
Board comment
Andy McCartney, Chief Technology Officer of Defence Holdings, commented:
“The Board is delighted to appoint Andrew as Chief Executive Officer. He brings a rare combination of defence credibility, operational leadership and proven commercial execution across government-aligned technology environments.
Andrew’s experience leading complex organisations through delivery and scale will be instrumental as Defence Holdings enters its next phase of execution and growth, and we look forward to working closely with him.”
