Directorate Appointment

Elecosoft plc

(“Elecosoft” or “the Company”)

Directorate Appointment

The Board of Elecosoft is pleased to announce that Mr David Pearson will be joining the Board as Group Finance Director on 20 February 2017.

David Barry Pearson, aged 48, has 25 years’ experience across Capital Markets, Financial Services and Manufacturing sectors and has held numerous directorate positions during his career. Most recently, David has been working as a consultant in respect of some large scale business transformations and start-up businesses. Previously he held finance functions across a range of businesses including the position of CFO of ICAP Equities and also director of Finance Operations of ICAP PLC where he was employed between 2007 and 2011 and has also previously held a role at UBS. David is a member of the Chartered Institute of Management Accountants.

John Ketteley, Executive Chairman of Elecosoft said “I am delighted that David Pearson will be joining the Board as Finance Director having regard, in particular, to his extensive experience and knowledge both as a finance director and in the field of information technology. We look forward very much to working with him.“ 

Regulatory Disclosures

The following disclosures are required regarding David’s appointment pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Current directorships and partnerships:

Wild Bangarang Ltd

Knights Associates Ltd

Sidhe Boann Limited

Espiritu Salon and Spa Limited

Allmec Consulting Limited

ITIBBBC Limited

Past directorships and partnerships held over the last 5 years:

ICAP Equities Limited

David was a Director of Finance Operations of ICAP Equities Limited until February 2012. ICAP Equities Limited was subsequently placed into voluntary liquidation in April 2010 with no loss to creditors.

David has no shareholding in the Company.

No further disclosure is required under AIM Rule 17 and paragraph (g) to Schedule Two of the AIM Rules with respect to David Pearson.

About Elecosoft

Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO). It is a specialist international provider of software and related services to the architectural, engineering, construction, retail and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft’s market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software programs cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, cloud based digital marketing and data storage solutions.

For more information, please visit www.elecosoft.com