FastForward is pleased to announce the appointment of Mr Edward (“Ed”) McDermott to the Board as a Non-Executive Director with immediate effect.
With over 10 years’ experience in the management, financing and development of small companies he has broad experience in a number of sectors including natural resources, technology, financial services, retail and leisure.
Ed is currently a Non-Executive Director of AIM listed Fishing Republic Plc and a Non-Executive Director of Emmerson Plc listed on the Official List (Standard Listing). He is part of the corporate finance team at Optiva Securities Limited, the Company’s Broker. He has previously served as a Director of AIM listed Stellar Resources Plc and Noricum Gold Ltd.
Jim Mellon, Chairman, commented: “We are delighted to welcome Ed to the Board of FastForward where we feel his background in working with growth companies will be of considerable benefit to FastForward Innovations. We remain excited by the opportunities within our existing investee company portfolio and hope that Ed can assist in developing these to realise value for our Shareholders.”
Further AIM disclosures relating to Ed McDermott’s appointment
Edward Peter McDermott (aged 35) has held the following directorships and/or partnerships in the past five years:
As at the date of this announcement, Ed McDermott has 2,000,000 options to subscribe for Ordinary Shares in the Company on the following terms: 1,000,000 options with a price of 19p vesting as follows 333,333 immediately, 333,333 after a year and 333,334 after 2 years and a further set of 1,000,000 options at 25p on the same terms.
There is no further information to be disclosed in relation to Ed’s appointment pursuant to AIM Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
FastForward Innovations Limited believes that attractive investment returns can be generated from investing in emerging technologies that will shape the future.
This investment philosophy is based on a number of ideas set out by Jim Mellon, the Company’s Co-Chairman, and Al Chalabi in their book “Fast Forward: The Technologies and Companies Shaping Our Future”. For further information on the book and to read its introduction, please visit www.fastforwardbook.com
We invest in visionary entrepreneurs developing innovative technologies that solve problems in their industries. We are dedicated to the success of each of our portfolio companies and believe that their products and/or services will be transformative.
We are principally focused on early stage investments. We aim to bring investment opportunities often reserved for the private market of venture capital firms to the public market. With many high growth startups staying private longer, access to these companies has been out of reach of the average investor. FastForward is uniquely poised to eliminate the barriers to investing in these startups and provide access to these opportunities of potential high returns.
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