Ted Baker PLC Directorate Change (6608X)
September 01 2020 - 4:11AM
UK Regulatory
TIDMTED
RNS Number : 6608X
Ted Baker PLC
01 September 2020
1(st) September 2020
Ted Baker Plc ("Ted Baker" the "Company" or the "Group")
Appointment of Director
The Board of Ted Baker, the global lifestyle brand, is pleased
to announce the appointment of Colin La Fontaine Jackson as a
Non-Executive Director with immediate effect.
Colin is appointed to the Board as a Nominee Director for Ray
Kelvin, the founder of Ted Baker. A new Relationship Agreement
between the Company and Ray has been signed which brings the
benefits of access to Ray's unique brand experience and insight,
while at the same time introducing clear guidelines that will
ensure Board independence is maintained and that the interests of
shareholders are prioritised and protected. This agreement also
formalises Ray's relationship with the Company through the Board of
Directors.
In accordance with the terms of the Relationship Agreement, Ray
is entitled to appoint one Non-Executive Director for as long as he
retains an aggregate interest equal to or greater than 10 per cent
in the issued ordinary share capital of the Company. Ray currently
holds an interest of approximately 11.8%.
Colin brings strong corporate finance and legal experience to
the Board, having spent over 25 years advising clients across a
range of industries. Prior to founding corporate finance boutique
Hopton Advisers in 2014, Colin worked at Quayle Munro, ING Barings
and Charterhouse Securities. He qualified as a solicitor with
Clifford Chance.
John Barton, Chairman, commented: "We are pleased to welcome
Colin to the Board and to be able to access Ray's great experience
in building the brand over the last 30 years as we continue to make
progress with Ted's new Formula for Growth."
The company confirms that there is no further information to be
disclosed under the requirements of Listing Rule 9.6.13 in relation
to the appointment.
- Ends
For further information contact:
Ted Baker
Peter Hearsey-Zoubie, Company Secretary
Tulchan Communications
Jonathan Sibun / Jessica Reid / Will Palfreyman
Tel: +44 (0) 20 7353 4200
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END
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