25 June
2024
Gear4music (Holdings) plc
Board Succession
Update
Gear4music (Holdings) plc
("Gear4music", "the Company" or "the Group"), the largest UK based online retailer of
musical instruments and music equipment, is pleased to announce the
appointment of Sharon Daly as Non-Executive Director, commencing 5
July 2024.
As previously announced, Ken Ford
(Non-Executive Chair) and Dean Murray (NED) are approaching the end
of their nine-year tenure and are stepping down from the Board on 5
July 2024. Neil Catto, CFO of Revolution Beauty Group Plc and
former CFO of BooHoo Group plc, will also join the board as Senior
Independent Director ('SID') on 5 July 2024.
Sharon has significant experience of
serving on the boards of AIM-listed companies as both executive and
non-executive director. Sharon joined Warpaint London PLC as a
Non-Executive Director in January 2024 and is a member of their
Audit and Remuneration Committees. Sharon has more than 25 years of
business experience, predominantly in marketing, international
sales and business development roles. Sharon co-founded Venture
Life Group in 2010 and made a significant contribution to the
growth of the business from inception, until she left in 2023,
including its admission to trading on AIM in 2014. Sharon is also
an Independent Non-Executive Director at AIM listed Brickability
Group Plc, where she is a member of the Audit Committee and Chair
of the Remuneration Committee.
Andrew Wass, CEO and Executive Chair designate of Gear4music
said:
"Sharon is a highly regarded NED
with valuable experience of Plc governance and online consumer
businesses and is well placed to support the strategy in pursuit of
our growth ambitions."
Sharon Daly, Non-Executive Director designate of Gear4music
said:
"I am thrilled to be joining
Gear4music as Non-Executive Director at this exciting time in the
Company's journey. I look forward to working alongside Neil, Andrew
and the rest of the Board and leveraging my experience to
further contribute to the Board's effectiveness, helping ensure
robust governance structures are in place.
My role as NED will be to support
Neil and Harriet Williams in providing a balanced perspective,
support transparent decision-making, and facilitate effective
communication between the Board and all our stakeholders. Together,
I am confident we will continue to drive Gear4music forward while
staying true to the principles that have made the business a leader
in its field."
- Ends -
Enquiries:
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Gear4music
Andrew Wass, Chief Executive
Officer
Chris Scott, Chief Financial
Officer
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+44 (0)20 3405 0205
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Singer Capital Markets - Nominated Adviser and
Broker
Peter Steel/Sam Butcher, Corporate
Finance
Tom Salvesen, Corporate
Broking
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+44 (0)20 7496 3000
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Alma - Financial PR
Rebecca Sanders-Hewett
Joe Pederzolli
David Ison
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+44 (0)20 3405 0205
Gear4music@almastrategic.com
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Information regarding the
appointment of Sharon Mary Daly (nee Collins), aged 49, as required
under Rule 17 and Schedule 2(g) of the AIM Rules for Companies is
set out below.
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Current directorships/partnerships
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Past directorships/partnerships (within 5
years)
|
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Warpaint London Plc
Brickability Group
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Venture Life Group plc
HL Healthcare Limited
Lubatti Limited
Periproducts Limited
Venture Life Limited
Venture Life Healthcare
Limited
Kullgreen Holding AB
Rolf Kullgreen AB
Venture Life Manufacturing (Sweden)
AB
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As at the date of this announcement,
Sharon Daly does not hold an interest in the ordinary shares of the
Company.
Save as set out above, there are no
further disclosures pursuant to Rule 17 or Schedule 2(g) of the AIM
Rules for Companies in respect of the appointment of Sharon
Daly.
About Gear4music (Holdings)
plc
Operating from a Head Office in York,
Distribution Centres in York, Bacup, Sweden, Germany, Ireland &
Spain, and showrooms in York, Bacup, Sweden & Germany, the
Group sells own-brand musical instruments and music equipment
alongside premium third-party brands including Yamaha, Roland and
Roland, to customers ranging from beginners to musical enthusiasts
and professionals, in the UK, Europe and the Rest of the
World.
Having developed its own e-commerce
platform, with multilingual, multicurrency websites delivering to
over 190 countries, the Group continues to build its overseas
presence.