TSL Thinksmart Limited

TIDMTSL

RNS Number : 5129Z

ThinkSmart Limited

15 March 2017

15 March 2017

ThinkSmart Limited

Director Resignation

The Board of ThinkSmart Limited ("ThinkSmart" or the "Company") announces that it has accepted the resignation of Fernando de Vicente.

Fernando was appointed CEO in January 2015, having previously served 4 years as a Non-Executive Director, the Board would like to thank him for his contribution to the business, including supporting its recent admission to AIM. Fernando is stepping down for personal reasons as he is moving his family back to his native Spain. He will leave the Company on 30(th) June and a search for a successor is now underway. ThinkSmart will continue to be led by its founder and Executive Chairman, Ned Montarello.

Ned Montarello, Executive Chairman, commented: "Fernando has played an important role in developing the business, with the Company strongly positioned for growth. He leaves with our appreciation and best wishes for the future."

For further information please contact:

 
 ThinkSmart Limited                    Via Instinctif Partners 
 Ned Montarello 
 
   Canaccord Genuity (Nominated 
   Adviser, Financial Adviser 
   and Joint Broker)                     +44 (0)20 7523 8350 
 Sunil Duggal 
  David Tyrrell 
  Andrew Buchanan 
  Richard Andrews 
 
 Peel Hunt LLP (Joint Broker)          +44 (0)20 7418 8900 
 Charles Batten 
 Guy Wiehahn 
 Rishi Shah 
 
 Instinctif Partners 
  Giles Stewart                        +44 (0)20 7457 2020 
 
  Cannings Corporate Communications 
  (for Australian enquiries) 
  Michael Mullane                       +61 (0)2 8284 9993 
 

About ThinkSmart Limited

ThinkSmart Limited is a leading provider in the UK of retail point-of-sale lease finance for high-volume small-ticket electronic and commercial equipment. The Group provides both B2B and B2C point-of-sale lease finance, primarily through its longstanding relationship with Dixons Retail and its new relationship with Carphone Warehouse. The Group's product offering is underpinned by a proprietary, innovative and scalable technology platform, SmartCheck. Since it commenced operations in the UK in 2003, the Group has processed in excess of 350,000 individual applications.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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