Best of the Best PLC Board Appointments (1015T)
March 23 2021 - 2:00AM
UK Regulatory
TIDMBOTB
RNS Number : 1015T
Best of the Best PLC
23 March 2021
Best of the Best plc
("Best of the Best", "BOTB" or the "Company")
Board Appointments
Best of the Best PLC (LSE: BOTB), the provider of online
competitions to win cars and other prizes , is pleased to announce
the appointments of Ben Hughes and Daniel Burns to the Board as
Executive Director and Non-Executive Director, respectively, with
immediate effect.
Ben Hughes has served as Marketing Director for Best of the Best
since 2010 and leads all marketing strategy, budgeting and delivery
for the Company. During his tenure Ben has been responsible for
devising and implementing the Company's marketing strategies to
increase online revenues and to significantly grow the brand's
online presence. Previously, Ben spent nine years at News
International where he was Head of Marketing (Digital) for News
Group Media.
Daniel Burns is an experienced corporate financier in the
gaming, competitions, lottery and media sector with over 20 years
of advisory experience covering both public and private companies.
Daniel is Managing Partner at Oakvale Capital LLP ("Oakvale"), a
corporate finance advisor in the gaming and media industry. Daniel
previously worked as a corporate lawyer at Macfarlanes, focusing on
venture capital and international mergers and acquisitions. He has
sat on the advisory boards of a number of the largest gaming
companies.
Daniel's appointment as a Non-Executive Director recognises the
contribution that he made before, during and after the Company's
recent strategic options review. The Board believes that the
Company will benefit greatly from his expertise, network and
strategic input as a Non-Executive Director, in providing relevant
advice, experience and industry relationships as BOTB continues to
grow.
Following the appointment of Ben and Daniel, the Company will
have three Executive Directors and three Non-Executive Directors,
of which one will be considered independent. The Board places
significant importance on corporate governance and as a result will
seek to appoint an additional independent director in due
course.
Commenting on the Board changes, CEO William Hindmarch,
stated:
"We are delighted that Ben and Daniel have agreed to join the
Board at this exciting time for BOTB and are confident that their
considerable experience will significantly strengthen the Board and
the business."
Enquiries:
Best of the Best plc William Hindmarch, Chief T: 020 7371
Executive 8866
Rupert Garton, Commercial
Director
Buchanan Chris Lane T: 020 7466
Toto Berger 5000
Charlotte Slater
Oakvale Capital Daniel Burns T: 0207 580
(Financial Adviser) Kieran Davey 3838
finnCap Corporate Finance T: 020 7220
(Nominated Adviser and Carl Holmes 0500
Broker) Kate Bannatyne
Teddy Whiley
ECM
Alice Lane
The following information regarding the appointment of Benjamin
Lloyd Hughes, aged 45, is disclosed under Schedule 2(g) of the AIM
Rules for Companies.
Mr Hughes holds no current or previous directorships. As at the
date of this announcement, Mr Hughes has a beneficial holding of
44,791 Ordinary Shares in the Company (of which 21,811 Ordinary
Shares are held by his wife), representing approximately 0.48 per
cent. of the Company's total voting rights. Mr Hughes also has a
total of 110,000 share options.
The following information regarding the appointment of Daniel
Paul Burns, aged 50, is disclosed under Schedule 2(g) of the AIM
Rules for Companies:
Current directorships and/or Former directorships and/or partnerships
partnerships: (within the last five years):
Oakvale Capital LLP Geco Gaming Ltd
Cavendish Investment Group Ltd Say It Limited
GPFone Limited Betgenius Limited
Genius Sports Group Limited Carbon Entertainment Limited
Oakvale Capital Advisory Ltd Carbon Leisure Ltd
Carbon Group Limited
4 The Company Ltd
As at the date of this announcement, Mr Burns does not have an
interest in the ordinary shares of the Company.
There are no further disclosures required under Schedule 2(g) of
the AIM Rules for Companies.
Oakvale Capital LLP
Oakvale Capital LLP ("Oakvale"), of which Daniel Burns is
Managing Partner, is paid a standard annual retainer by the Company
for its ongoing services as its Financial Adviser. Mr Burns will
retain his position as Managing Partner at Oakvale whilst on the
Board of the Company. In addition, the Company has an existing
arrangement in place pursuant to which it will pay Oakvale fees
dependent on the strategic choices adopted by the Company including
at the top end, a fee of 2.5% of the transaction value in the event
of a full or part sale of the Company. Appropriate arrangements
have been implemented by the Board and Oakvale to mitigate against
conflicts of interest, if any should arise.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
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END
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