Nomad Compute PLC (AQSE:NMD) has appointed Jonathan Hives as a non-executive director, effective immediately. The move follows the departure of Paul Kennedy, who has stepped down from the board with immediate effect. The company did not disclose reasons for the change.
Hives, who holds more than 18 years of international financial planning experience across three continents, will receive warrants to subscribe for 30 million ordinary shares in Nomad Compute. The exercise price is set at 0.25p per share, with a vesting schedule structured over three years. One-third of the warrants will vest on the first anniversary of the grant, and an additional 1/36 will vest at the end of each subsequent month.
Hives is a member of the Chartered Insurance Institute and holds a Diploma in Financial Planning alongside a BA (Hons) in Finance & Investment Management. His board experience includes non-executive roles at UK-listed technology firms Cykel AI PLC (LSE:CYKL) and Ora Technology PLC (AQSE:ORA). He currently serves as a director at First Sentinel Wealth Limited, Umgawa Ltd, and Phoenix Digital Assets Limited (AQSE:PNIX). Within the past five years, he has also held directorships at Amirose London Holdings PLC (AQSE:ALH), Ora Technology, and Cykel AI.
