RNS Number : 2590Q

Brown (N.) Group PLC

25 February 2021

25(th) February 2021

Change of Chairman and Board Changes

N Brown Group Plc ("N Brown") announces today that Matt Davies will step down as Chairman with effect from 31 March 2021 to spend more time on his other business activities. The Board would like to thank Matt for his contribution over the past three years and for guiding the business through a successful refinancing and transfer to AIM.

Ron McMillan will relinquish his roles as Senior Independent Director and Audit Committee Chair of N Brown and will succeed Matt as Chairman. Ron is currently Audit Committee Chair and Senior Independent Director of B&M European Value Retail SA and SCS Group Plc, and Audit Committee Chair of Homeserve Plc.

Gill Barr will succeed Ron as the Senior Independent Director.

On an interim basis, Vicky Mitchell will assume the Audit Committee Chair role. Vicky chairs the Financial Services Board and has been a member of the Audit Committee since January 2020. A recruitment process is underway for an additional independent Non-Executive Director who will become the permanent Audit Committee Chair.

Following these changes, and prior to the appointment of an additional independent Non-Executive Director, the Board will comprise the Chair (who is independent on appointment), the Group CEO and CFO and seven non-executive Directors, five of whom are considered to be independent.

The appointment of Ron McMillan is subject to FCA approval.

   N Brown Group 
   Will MacLaren, Director of Investor 
    Relations and Corporate Communications          07557 014 657 
   MHP Communications 
   Andrew Jaques / Simon Hockridge                   0203 128 8789 
    / James Midmer                                    NBrown@mhpc.com 
   Shore Capital - Nomad and Joint Broker 
    Dru Danford / Stephane Auton / Daniel 
    Bush / John More                                 +44 (0) 20 7408 4090 
    Jefferies - Joint Broker 
    Max Jones / Harry Le May                         +44 (0) 20 7029 8000 

About N Brown Group:

N Brown is a top 10 UK clothing & footwear digital retailer. We are size inclusive, focusing on the needs of underserved customer groups - size 20+ and age 50+. We offer an extensive range of products, predominantly clothing, footwear and homewares, and our financial services proposition allows customers to spread the cost of shopping with us. We have five distinct brands: Simply Be, JD Williams, Ambrose Wilson, Jacamo and Home Essentials. We are headquartered in Manchester where we design, source and create our product offer and we employ c.2,000 people across the UK.

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(END) Dow Jones Newswires

February 25, 2021 02:00 ET (07:00 GMT)