viewTekcapital PLC

Tekcapital plc - Appointment of Director

RNS Number : 9112Y
Tekcapital plc
07 January 2020



The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.



Tekcapital Plc

("Tekcapital", the "Company" or "the Group")

Board Addition




Tekcapital Plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology, is pleased to announce that Lord David Willetts has joined the Board of Tekcapital with immediate effect.


The Rt Hon Lord Willetts FRS is President of the Resolution Foundation and former U.K. Minister for Universities and Science. He served as the Member of Parliament for Havant (1992-2015), and previously worked at HM Treasury and the No. 10 Policy Unit. Lord Willetts is a visiting Professor at King's College London, former Chair of the British Science Association and a member of the Council of the Institute for Fiscal Studies. He is also an Honorary Fellow of Nuffield College, Oxford. Lord Willetts has written widely on economic and social policy. His book 'The Pinch', which focused on intergenerational equity, was published in 2010, and he recently published 'A University Education'. Lord Willetts is a graduate of Oxford University and has been awarded numerous honorary doctorates.


Dr Clifford Gross, Executive Chairman at Tekcapital, commented: "We are very pleased to have Lord David Willetts join our board and  believe that his extensive business and university experience, coupled with his knowledge regarding the commercialisation of scientific discoveries, will further enhance the board's skills and growth prospects for the Company."


The Rt Hon Lord Willetts said "Tekcapital is an exciting company with  a global university network.  I look forward to helping Tekcapital turn their ideas into the businesses of the future."



The following information regarding the appointment of Lord David Lindsay Willetts, aged 63, is disclosed under Schedule 2(g) of the AIM Rules for Companies:


Current directorships and/or partnerships:

Former directorships and/or partnerships (within the last five years):


8GT Advisory Limited

Biotech Growth Trust Plc

Booker Prize Foundation

Davco Limited

Eight Great Technologies Fund

Foundation for Science and Technology

Marchmount Executive Services Limited

Resolution Foundation

Sirius Constellation Limitied

Surrey Satellite Technology Ltd.

Thames Holdings Limited

UK Research and Innovation

Verditek Plc

Borough of Havant Sport and Leisure Trust

British Science Association

Genome Research Ltd and Sanger Institute

National Council for Universities and Business

Science Museum

The Biotech Industry Association

The Council For Industry and Higher Education

The Francis Crick Institute Limited

Vantix Diagnostics Inc.



Lord Willetts does not have any beneficial interest in the ordinary shares of the Company, but has been granted 100,000 stock options under the Company's stock option plan.


There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.


About Tekcapital plc

Tekcapital creates value from investing in new, university-developed intellectual properties and provides a range of IP investment services to make it easy for organisations to commercialise university-developed technology. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com


For further information, please contact:

Tekcapital Plc 


+1 305-200-3450

Clifford M. Gross, Ph.D. 






SP Angel  Corporate Finance LLP

(Nominated Adviser and Joint Broker)


+44 (0) 20 3470 0470 

Richard Morrison / Charlie Bouverat (Corporate Finance)





Novum Securities Limited (Joint Broker) 




+44 (0) 20 7399 9427

Colin Rowbury (Corporate Broking) 




Flagstaff Strategic and Investor Communications                                    +44 (0)207 129 1474

Tim Thompson/Andrea Seymour/Fergus Mellon

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Quick facts: Tekcapital PLC

Price: 5.75

Market: LSE
Market Cap: £4.53 m


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