3 October 2025
Kromek Group plc
("Kromek" or the "Group")
Notice of AGM and Publication of Annual Report
Directorate Changes
Kromek (AIM: KMK), a global detection company delivering best-in-class solutions for the advanced imaging and CBRN detection markets, gives notice of its Annual General Meeting ("AGM") and publication of annual report and announces directorate changes.
Notice of AGM and publication of annual report
The Group's AGM will be held at 12.00pm on Monday 27 October 2025 in the Kromek 'Biosecurity' Boardroom, Explorer 1 Building, North East Technology Park (NETPark), Thomas Wright Way, Sedgefield, County Durham, TS21 3FF.
The notice of AGM and form of proxy, along with the Group's annual report and accounts for the year ended 30 April 2025, are being posted today to those shareholders who have requested paper communications and have been made available on the Investor Relations section of the Group's website at https://www.kromek.com/investor-relations/
Directorate changes
Kromek announces that Lawrence Kinet and Jerel Whittingham, who have served as Non-executive Directors of the Group since 2013, will be retiring from the Board at the conclusion of the AGM. The Group also announces the appointment of Matthew ("Matt") Boyle as a Non-executive Director of the Group with effect from the conclusion of the AGM. He will also assume the role of Chair of the Remuneration Committee.
Matt Boyle OBE FREng brings a wealth of industrial experience from having worked for, and grown, engineering companies for more than 30 years. In particular, he joined NASDAQ-listed Sevcon Inc in 1996 as Chief Operating Officer before becoming President & Chief Executive Officer a year later, a position he maintained until the sale of the business to BorgWarner in 2017. During this time, Gateshead-based Sevcon was transformed from a low-growth industrial company to a high-growth electrification company, expanding into new sectors and establishing a presence in eight countries worldwide. Since then, Matt has served in several leadership roles within major electrification-focused businesses and organisations, including establishing his own company, Collingwood Solutions, in 2018 that he sold two years later for £6m and being a Special Adviser to the National Semiconductor Centre of the UK Government's Department for Science, Innovation and Technology.
Currently, Matt holds a number of positions, including being Director of Electrification at the National Manufacturing Institute Scotland where he has established the National Advanced Semiconductor Packaging and Integration Centre, a Professor of Practice at the University of Strathclyde, a Visiting Professor of Engineering at Newcastle University and Chair of the North East Automotive Alliance. He is also a trustee of Common Room of the Great North and Azure Charitable Foundation.
Matt is a Fellow of the Royal Academy of Engineering and was awarded an OBE in the 2018 New Years' Honours list for services to engineering and skills.
Rakesh Sharma, Chairman of Kromek, said: "Firstly, on behalf of the Board I would like to express our deep gratitude to Lawrence and Jerel for their contribution and guidance over the last 12 years. Since joining Kromek at the IPO, they have seen the business grow from a university spinout into the leading global technology provider that it is today. We wish them the very best for the future.
"We are also delighted to welcome Matt Boyle to the Board, who has a truly distinguished career in business and engineering. Kromek today is at a clear inflection point, and Matt's expertise and experience will be invaluable addition as we execute on our strategy to deliver sustainable, profitable growth."
| Kromek Group plc |
|
| Arnab Basu, CEO Claire Burgess, CFO |
+44 (0)1740 626 060 |
|
|
|
| Cavendish Capital Markets Limited (Nominated Adviser and Broker) |
|
| Geoff Nash/Giles Balleny/Seamus Fricker - Corporate Finance Tim Redfern - ECM Michael Johnson - Sales |
+44 (0)20 7220 0500
|
| |
|
| Gracechurch Group (Financial PR) |
|
| Harry Chathli/Claire Norbury |
+44 (0)20 4582 3500 |
Kromek Group plc
Kromek Group plc is a leading developer of radiation detection and bio-detection technology solutions for the advanced imaging and CBRN detection segments. Headquartered in County Durham, UK, Kromek has manufacturing operations in the UK and US, delivering on the vision of enhancing the quality of life through innovative detection technology solutions.
The advanced imaging segment comprises the medical (including CT and SPECT), security and industrial markets. Kromek provides its OEM customers with detector components, based on its core cadmium zinc telluride (CZT) platform, to enable better detection of diseases such as cancer and Alzheimer's, contamination in industrial manufacture and explosives in aviation settings.
In CBRN detection, the Group provides nuclear radiation detection solutions to the global homeland defence and security market. Kromek's compact, handheld, high-performance radiation detectors, based on advanced scintillation and solid-state readout technology, are primarily used to protect critical infrastructure, events, personnel and urban environments from the threat of 'dirty bombs'.
The Group is also developing bio-security solutions in the CBRN detection segment. These consist of fully automated and autonomous systems to detect a wide range of airborne pathogens.
Kromek is listed on AIM, a market of the London Stock Exchange, under the trading symbol 'KMK'.
Regulatory Disclosures:
The following information regarding the appointment of Matthew Boyle, aged 63, is disclosed under Schedule 2(g) of the AIM Rules for Companies:
| Current directorships: |
The Azure Charitable Foundation Common Room Trading Limited The Common Room Of The Great North Limited The North East Automotive Alliance Limited |
| |
|
| Historic directorships and partnerships in previous 5 years: |
PEMD Innovations Ltd Cosworth Group Holdings Limited Turntide Drives Limited Collingwood Solutions Limited |
| |
Diocese Of Hexham And Newcastle |
| |
Avid Innovation Limited |
| |
Avid Technology Group Limited |
| |
Avid Technology Limited |
| |
Avid Electric Vehicles Limited |
| |
Avid Vehicles (projects) Limited |
| |
Turntide Transport Limited |
Matthew Boyle holds no shares or share options in Kromek.
There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.