Chester based identity management and marketing company GB Group is to transfer the admission of its Ordinary Shares to AIM and announced that David Rasche will act as non-executive director to the board from 1 September.

The company has also announced that it aims to make ‘certain changes’ to its employee incentivisation strategy while also potentially implementing an acquisition process.

The announcement of the move to AIM explained that the move by the board had been taken due to the ‘lower transactional costs, similar ongoing costs and simpler administration and regulatory requirements’ that it will need to undertake as a result.

It also said that it believes that the amendments being made to its employee incentivisation scheme would allow senior management and employees to be rewarded appropriately in relation to performance.

Richard Law, chief executive of GB, commented: “I am delighted to welcome David Rasche as a non executive director. He has an outstanding record of success in the technology sector and in growing businesses rapidly through organic growth and acquisition.  I am sure GB will benefit immensely from his experience and counsel. David’s appointment and the other moves announced today are designed to help GB build on the strong foundations laid over recent years and to accelerate our growth, both organically and potentially through acquisition.”