TIDMAPP
RNS Number : 2955X
Appreciate Group PLC
26 August 2022
26 August 2022
Appreciate Group plc
Board Update
Interim CEO appointed
Appreciate Group (the 'Group'), the UK's leading multi-retailer
redemption product provider to Corporate and Consumer markets,
today announces the appointment to the Board of Julian Coghlan as
Interim Chief Executive Officer ('Interim CEO') reporting to the
Executive Chairman, Guy Parsons.
Julian is the Group's current Chief Commercial Officer, having
joined the business in August 2017, initially as Group Operations
Director. Prior to this, he held senior executive roles in
commercial functions at Adare Group, the customer communications
services group, for 14 years. He is also a regional councillor of
the CBI.
As Interim CEO, Julian will be responsible for all the Group's
day to day commercial, operational, IT and HR functions across the
business (including sales and marketing), with a focus on driving
revenues in line with the Group's financial targets. Guy Parsons,
as Executive Chairman, will retain direct responsibility for the
Group Finance, Legal & Compliance teams as well as strategic
and governance matters.
The process to recruit long term appointees for the roles of CEO
and CFO is progressing well with an encouraging pool of high
calibre candidates being interviewed. Further announcements will be
made as and when appropriate.
Reappointment of John Gittins and Sally Cabrini
The Group is pleased to announce that John Gittins and Sally
Cabrini have agreed to continue as Non-Executive Directors for two
and three years respectively, to ensure Board level continuity
whilst the Group's leadership team is going through this period of
evolution.
Guy Parsons, Executive Chairman commented:
"Following this appointment of an Interim CEO, I believe we have
a strong team in place to manage the business day to day and
deliver on our expectations for the year, whilst continuing to
focus on the Group's medium-term strategy to drive sustainable
growth. I am encouraged by the quality of candidates I have seen
for the permanent roles and look forward to updating on those
appointments in due course."
AIM Rules Schedule 2(g) disclosures for Julian Graham
Coghlan
Mr Julian Graham Coghlan's (aged 52) directorships in the last
five years are as follows:
Current Directorships Previous Directorships
MBL HOLDCO LTD
-----------------------
MBL SOLUTIONS LIMITED
-----------------------
GORSEWOOD PROPERTY MANAGEMENT
LTD
-----------------------
THE CHRISTMAS PREPAYMENT ASSOCIATION
LIMITED
-----------------------
Mr. Coghlan holds options over 771,990 ordinary shares of 2p
("Ordinary Shares") each under the following Appreciate Group plc
share schemes:
Share scheme Number of options over Average exercise
Ordinary Shares price
2021 Appreciate Group plc Incentive 771,990 GBP0.00 (nil cost
Plan option)
----------------------- ------------------
Total 771,990 GBP0.00 (nil cost
option)
----------------------- ------------------
There are no further disclosures required in accordance with
Rule 17 or Schedule 2(g) of the AIM Rules for Companies.
Appreciate Group Liberum MHP Communications
plc (NOMAD and broker)
Guy Parsons, Executive Richard Crawley Reg Hoare
Chairman Jamie Richards Katie Hunt
Charles Hirst
Andy Hammerton, Head
of Corporate Affairs Tel: 020 3100 2222 Tel: 020 3128 8193
Email: appreciategroup@mhpc.com
Tel: 0151 653 1700
Notes to Editors:
Appreciate Group is one of the UK's leading gifting, pre-payment
and engagement companies, and experts at creating joyful
experiences and connecting people to the things in life they enjoy
the most.
Everything Appreciate Group does is focused on creating more joy
in the world, and it is proud to be trusted to help its customers
create moments they can treasure and remember, whether they are
giving, celebrating or rewarding.
Appreciate Group is a financial services business with a wide
portfolio of brands which provide solutions for its consumer and
corporate customers. Its consumer-facing brands meet a range of
prepayment and gifting needs, while its business products help
corporate customers reward and recognise their employees and
clients.
Appreciate Group is home to many of the country's most-loved
gifting, pre-payment and engagement solutions including Park
Christmas Savings, highstreetvouchers.com, Appreciate Business
Services and Love2shop, and we are fast-becoming the home of
digital innovation in gifting.
Whether it's saving towards the perfect family Christmas or
celebrating with gift cards and vouchers, we create and supply
products that millions of people trust when it comes to giving and
receiving with family, friends or colleagues.
Park Christmas Savings: As the UK's largest family Christmas
savings club, Park Christmas Savings helps around three hundred
thousand families budget for Christmas on a short-term or
year-round basis.
Love2shop: Love2shop offers gift cards and gift vouchers
available to spend at stores and attractions across the UK. They
are also used through Appreciate Business Services providing
corporate partners with incentives and rewards for their employees
and clients.
Appreciate Group plc's shares are traded on AIM, a market
operated by the London Stock Exchange.
The Park Prepayments Protection Trust is designed to increase
protection for customers' prepayments. The Trust has three
directors, two of whom are independent of Appreciate. Details of
the trust are set out here:
https://www.getpark.co.uk/CORPORATE/declaration.pdf
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END
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