Appointment of Non-Executive Director

27 September 2018

YOLO is pleased to announce the appointment of Sean Nicolson to the board as an independent non-executive director with immediate effect.

Simon Robinson, YOLO Chairman, said:

"The board is encouraged by the number and quality of the investment opportunities that we have considered this year. We believe that the technology, media and leisure sectors continue to offer good growth opportunities and we are actively monitoring current investments with a view to realising profits to create additional shareholder value.

"Given the activity levels and the board's ambitions for the future development of the Company, we have decided that it is appropriate to appoint an additional director. We welcome Sean to the board and believe that his network and complementary past experience will be of great assistance as we seek to accelerate YOLO's development."

Sean Nicolson, aged 52, is a corporate financier with over 25 years' experience of corporate and investment finance. He has acted on and assisted a wide range of companies to raise finance from venture capital and private equity investors and has also advised investment funds and investment managers. In addition he has been involved with a number flotations and fundraisings on the Main Market and AIM. He has worked across a variety of sectors including technology, media, telecoms and life sciences.

Sean is currently chairman and director of Sure Ventures plc, an investment trust listed in the Specialist Fund Segment of the Main Market. He is also a partner in Saker Capital (Europe) LLP, a family office investment fund.

Sean was previously a director and chairman of EVR Holdings plc, the AIM listed owner of MelodyVR. In that role he led EVR Holdings through the acquisition of MelodyVR and its subsequent fundraisings. Sean was also an executive director of AIM listed drug discovery company e-Therapeutics plc, having advised that company on all of its venture capital fundraisings, its flotation on AIM and subsequent placings. Prior to his commercial roles, Sean was a corporate finance partner of a leading UK law firm in which role he advised companies and founders at all growth stages on venture capital and private equity investments, flotations and mergers and acquisitions. He also advised merchant banks and brokers on flotations and secondary share issues and worked with a number of universities to develop and deliver technology transfer strategies.

A full list of Sean's current and past directorships and partnerships are set out below.

In his previous role as a partner in a law firm, Sean was a director upon incorporation of a number of shelf companies created for the use of the firm's clients. Such directorships include BDK Investments Limited ("BDK") from its incorporation on 8 March 2011 until his resignation on 17 March 2011 and Badekabiner Limited ("Badekabiner") from its incorporation on 11 March 2011 until his resignation on 7 April 2011. BDK and Badekabiner were shelf companies created for the benefit of clients of the firm for which Sean worked at that time. BDK and its subsidiary, Badekabiner, were subsequently placed into administration on 30 January 2012.  BDK and Badekabiner were dormant companies throughout the periods in which Mr. Nicolson was a director. He was not involved in BDK's or Badekabiner's trading or subsequent activities or their administration proceedings.

Sean Torquil Nicolson currently has an interest in 155,769 ordinary shares in YOLO, representing 0.35 per cent of the Company's issued share capital.

There are no other matters required to be disclosed in respect of this appointment under paragraph (g) of Schedule Two of the Aim Rules or AIM Rule 17.

 

For further information please contact:

YOLO Leisure and Technology plc  
Simon Lee Robinson simon.robinson@yoloplc.com
   
Cairn Financial Advisers LLP  
Sandy Jamieson / Liam Murray Tel: +44 20 7213 0880
   
Peterhouse Corporate Finance Limited (Sole broker)  
Eran Zucker, Lucy Williams Tel: +44 20 7469 0930
   
Walbrook PR Ltd Tel: +44 20 7933 8787
or yolo@walbrookpr.com
Paul McManus
Sam Allen
+44 7980 541 893
+44 7884 664 686

 

Sean Nicolson - Current and past directorships and partnerships

Current directorships and partnerships:

Monograph LLP

Northern Canon

Saker Capital (Europe) LLP

Solway Capital Investments plc

Sure Ventures plc

 

Past directorships and partnerships (in the last five years):

ASG Power Systems Limited

Aspen Hivedown Limited

Bizdocs Limited

Citipark Limited

Citipark UK Limited

Cripps Healey Limited

Crossco (1341) Limited

Crossco (1348) Limited

Crossco (1352) Limited

Crossco (1359) Limited

Crossco (1370) Limited

Crossco (1371) Limited

Crossco (1373) Limited

Crossco (1374) Limited

Crossco (1375) Limited

Crossco (1379) Limited

Crossco (1380) Limited

Crystec (EBT) Limited

Dickinson Dees Financial Services Limited

Digital Mortgages Limited

Durham Hotel Investment (No.2) Limited

Ellergreen Hydro Projects Limited

e-Therapeutics plc

EVR Holdings plc

Gelt House Holdings Limited

Gilkes Hydro Projects Limited

H&P Properties Limited

The Hepple Spirits Company Limited

Hicalife Retirement Developments (No. 2) Limited

InRotis Technologies Limited

Insure Telematic Solutions Limited

J & B Bio Limited

Livbeth Investco Limited

MelodyVR Holdings Limited

Nuchido Limited

Orego-Stim Limited

Parabola Edinburgh Park Centre Limited

Parabola Edinburgh Park Hermiston Limited

Plessey Checks Farming Limited

PPF GRP Limited

Prima Director Limited

Prima Secretary Limited

QE Facilities Limited

Rydal Hydro Limited

Scandale Hydro Limited

Searchbolt Limited

6am Music Limited

Skelton & Gilling Estates Properties Limited

Solway Investments plc

Staunton's Properties Limited

Sylatech Limited

TCS Development Management (Merrion) Limited

Vitalise Limited

Womble Bond Dickinson Financial Services Limited

Womble Bond Dickinson (UK) LLP

Yuill Homes Limited

 

<< Back to press releases