FastForward Appoints Ex-Noricum Director Ed McDermott Non-Executive

LONDON (Alliance News) - FastForward Innovations Ltd said Tuesday it has appointed Edward ...

Alliance News 13 February, 2018 | 2:27PM
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LONDON (Alliance News) - FastForward Innovations Ltd said Tuesday it has appointed Edward McDermott as non-executive director with immediate effect.

McDermott is currently a non-executive director of AIM-listed Fishing Republic PLC and London Main Market-listed Emmerson PLC. He is a member of the corporate finance team at Optiva Securities Ltd, FastForward's broker.

McDermott previously served as a director of Stellar Resources PLC and Noricum Gold Ltd.

"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," said FastForward Chairman Jim Mellon. "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."

FastForward said McDermott holds options to subscribe for 2 million shares in the company. Of these, 1 million options are at a price of 19 pence and the other 1 million options at 25p. The options vest over the next two years.

Shares in FastForward were 0.1% higher at 20.42 pence each on Tuesday.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
FastForward Innovations Limited Ord 11.00 GBX 0.00 -
Emmerson PLC 4.55 GBX 3.41 -
Fishing Republic PLC 5.25 GBX 0.00 -
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