Rightster Group plc – Proposed Board Changes

October 26th, 2015

Rightster Group plc
(“Rightster” or the “Company”)

Proposed Board Changes

Rightster Group plc (LSE AIM: RSTR), the digital video distribution and monetisation network, announces that as part of an ongoing strategic review announced on 16 October 2015, it has been agreed that certain existing directors intend to step down from the Board with a proposed new management team to be appointed subject to the necessary regulatory approvals.

It is the intention that Mark Lieberman (non-executive chairman), Michael Broughton (non-executive director) and David Mathewson (non-executive director) will step down from the Board following an orderly transition to the proposed new management team.  Furthermore, Patrick Walker has informed the Board that he intends to step down as CEO and move to a non-executive role on the Board in due course as part of the orderly transition. Niall Dore (CFO) and Jack Barnett (non-executive director) will remain on the Board in their existing roles.

The proposed new management team, supported by the major shareholders, comprises, Ashley MacKenzie, previously CEO of Base79 Limited, as proposed CEO, Sir Robin Miller as proposed non-executive Chairman, Richard Mansell as proposed chief operating officer and Mark Cranmer as proposed non-executive director.  A further regulatory announcement will be made in due course.

It is the intention of the proposed new management team to continue to pursue the strategic review announced on 16 October 2015. As part of his responsibilities as a non-executive director, Patrick will continue to oversee the strategic review.

Patrick Walker, CEO, commented: “I am proud of what the team has achieved over the last nine months since joining the board. We have accomplished a successful restructuring and significant cost savings and I believe the business is in good shape to be taken forward by the proposed new management team. I thank the outgoing directors for their support and guidance over the last two years and remain enthusiastic about the future prospects of the business.”

Ashley MacKenzie, proposed CEO, commented: “Much has been achieved by the management team since January and I’m hugely excited to be re-joining my colleagues at Rightster. I look forward to reporting back in the coming months with the results of the strategic review to strengthen the Company and deliver value to shareholders.”

For further information please contact:

Rightster Group plc
Patrick Walker (CEO)/ Niall Dore (CFO)
Via Newgate

Raine Advisors Limited
Zahra Hassan
Tel: 0203 3695 8605

Cenkos Securities Plc
Max Hartley/ Mark Connelly
Tel: 0207 397 8900

Newgate
Tim Thompson/ Adam Lloyd/ Robyn McConnachie
Tel: 0207 653 9850

About Rightster Group plc

Founded in 2011, Rightster is already the number one global multi-platform network for digital video. Rightster’s cloud-based software and services platform makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster’s network stands at over 2,500 Content Owners and over 10,500 Publishers, managed by global and local teams in 13 offices across North America, Europe and Asia Pacific.