IN BRIEF: Tap Global shares fall after Peter Wall steps down as chair
Tap Global Group PLC - London-based provider of app-based cryptocurrency payment and settlement services - Non-Executive Chair Peter Wall to step down and move to ‘a senior, full-time staff position’ within the Canadian government’s newly-created Ministry of Artificial Intelligence & Digital Innovation. Company says he will remain in the role during the ‘transitional period’ as the board starts the search for his successor.
‘It has been a privilege to serve as chair of Tap Group during a period of transformation and growth,’ Wall comments. ‘I’m proud of what we’ve achieved, and I have full confidence in [Chief Executive Officer] Arsen Torosian and the team as they continue to execute on the company’s mission. My new role in government is an exciting opportunity to help shape Canada’s digital future, and I’ll be working closely with Tap to ensure a smooth handover.’
Current stock price: 1.20 pence, down 20% on Tuesday in London
12-month change: down over 99%
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