Minds + Machines (LON:MMX), announced today that two founding members David Weill and Guy Elliott will re-join the Boardas non-exec directors.

Antony Van  Couvering, the chief executive, said: “We are delighted that both Guy and David have accepted the board’s invitation to re-join the board.

“They bring a close understanding of the investment community, both in London and internationally, and are personally invested in the company.

“We believe they will complement the industry and operational expertise of the existing board which is fully focused on driving sales and revenue, reducing operational costs and achieving profitability in the underlying operations.”

The firm added that the management will provide a quarterly operational update in July.

In other new London and Capital Asset Management Ltd now owns over 7% of the voting shares of the company 58,687,373 to be exact and Henderson Global Investors which had acquired over 20% of Minds + Machines announced they now have reduced their holdings to 19.75% of the company.

Share of the company are unchanged at 8.25P