Defence Holdings names new director to bolster tech strategy

Published 29/05/2025, 16:52
Defence Holdings names new director to bolster tech strategy

LONDON - Defence Holdings PLC, a UK-based defence technology firm, announced the proposed appointment of Andrew McCartney as Senior Non Executive Director. McCartney, a former CEO of Microsoft (NASDAQ:MSFT) Ventures UK, is expected to bring his expertise in AI, cybersecurity, and national security to the company, pending the completion of due diligence checks.

The appointment aligns with Defence Holdings’ strategy to pioneer AI-led solutions for defence challenges. McCartney’s career includes the founding of Microsoft’s first venture programme and the development of AI-driven intelligence platforms. His role is anticipated to guide the company’s expansion and operational capabilities in areas such as drone warfare and secure communications.

In addition to the board appointment, Defence Holdings provided an operational update, highlighting the assembly of its core team and the adoption of a share option scheme aimed at retaining and incentivizing management. The option pool will represent 15% of the issued share capital, vesting over two years with a 60-month term.

The company has also established consultancy agreements with its founders to ensure their exclusive service and alignment with the company’s new business strategy. These agreements include the issuance of warrants over shares valued at £500,000, with vesting conditions tied to the company’s share price performance.

Defence Holdings has changed its Accounting Reference Date from January 31 to March 31 to better reflect its financial calendar. The audited accounts for the period ending March 31, 2025, are scheduled for release by July 31, 2025, with interim accounts to follow by December 31, 2025.

The company, which trades under the ticker (ALRT), focuses on developing and acquiring technologies that enhance the operational capabilities of defence and security sectors in the UK and Europe. This update is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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