REG - Aeorema Comms Plc - Directorate Change

Aeorema CommunicationsAnnouncement

12/12/2024 07:00

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RNS Number : 7696P  Aeorema Communications Plc  12 December 2024

Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media

12 December 2024

Aeorema Communications plc

('Aeorema', 'the Company' or 'the Group')

 

Appointment of Non-Executive Director

 

Aeorema Communications plc (AIM: AEO), a leading strategic communications
group, is pleased to announce the appointment of Alan Charlton as a
Non-Executive Director of the Company.

 

With a career in finance spanning over 30 years, Mr Charlton has held a series
of senior leadership roles, including Finance Director at the Austin Reed
Group, Finance and Commercial Director at Burton and Dorothy Perkins, and
Group Commercial Director at the Arcadia Group. A qualified accountant, Mr
Charlton brings a wealth of expertise in shaping business strategy, enhancing
operational performance, executing cost-saving initiatives, managing complex
mergers and acquisitions, and delivering shareholder value.

 

Mike Hale, Chairman of Aeorema Communications plc, commented: "I am delighted
to welcome Alan to our Board as a Non-Executive Director. With his extensive
expertise in finance, business transformation, and leadership across diverse
industries, Alan is an excellent addition to the Aeorema team. I am confident
he will make a significant contribution in the years ahead as we focus on
innovation and driving growth."

 

Further information on Alan C. Charlton's appointment:

Alan Christopher Charlton, aged 62, holds a total beneficial interest of
401,130 Ordinary Shares in the Company, representing 4.21% of its issued share
capital.

 

Mr Charlton has held the following directorships and/or partnerships in the
past five years.

 

 Current Directorships/Partnerships  Former Directorships/Partnerships (last five years)
 Sokalana Consulting Ltd             n/a

 John Lewis of Hungerford Limited

 

Alan Charlton was appointed as a director of several subsidiary companies
within the Austin Reed Group on 5 June 2006, each of which he resigned as a
director from on 6 June 2016 as follows:

 

ARG (Property) Limited, AR Realisations 2016 Limited, ARG Realisations 2016
Limited and CC Realisations 2016 Limited, each entered into administration
proceedings on 26 April 2016. The administrations ended in May 2023 and the
companies were subsequently dissolved. The final administrators' progress
report dated 21 April 2023 details that a first ranking secured creditor was
repaid in full and another secured creditor was paid £8.24 million out of
approximately £18.24 million. Unsecured creditors received between nil and
3.80 pence in the pound.

 

In addition, CCH Realisations 2016 Limited entered into administration
proceedings on 26 April 2016 and the company was subsequently dissolved.
Secured creditors of £25.42 million did not receive any return and there were
no unsecured creditors.

 

Administrators were appointed to Darius Capital Limited and ARCS Realisations
2016 Limited on 6 May 2016 and the companies were subsequently dissolved in
2017. Secured and unsecured creditors for Darius Capital Limited totalled
£66.23 million and the administrators did not anticipate being able to make
any return to them. In ARCS Realisations 2016 Limited, one secured creditor of
£7.18 million did not receive a return, the other secured creditor of £18.24
million received £60,000 and unsecured creditors of £1.08 million received
less than 1 pence in the pound.

 

**ENDS**

 

For further information on the Company please visit www.aeorema.com
(http://www.aeorema.com/) or contact:

 

 Andrew Harvey                                                              Aeorema Communications plc                                  Tel: +44 (0) 20 7291 0444

 John Depasquale / Liz Kirchner / Lauren Wright                             Allenby Capital Limited (Nominated Adviser & Broker)

 (Corporate Finance)                                                                                                                    Tel: +44 (0)20 3328 5656

 Kelly Gardiner / Joscelin Pinnington (Sales & Corporate Broking)

  Paul Dulieu / Isabel de Salis                                              St Brides Partners Ltd                                     aeorema@stbridespartners.co.uk (mailto:aeorema@stbridespartners.co.uk)

                                                                            (Financial PR)

 

Notes to Editors

Aeorema Communications plc, (AIM: AEO) is a leading strategic communications
group with offices in London, New York and Amsterdam. The Group provides
bespoke event services, comprising live, virtual, and hybrid experiences to an
established international blue-chip client base spanning a broad range of
sectors, including finance, professional services, advertising, IT, gaming,
fashion, fintech, and beverages. The Group also provides high level
consultancy services to help clients maximise and deliver on their long-term
communication strategies over multiple event and film touchpoints.

 

Aeorema delivers these services via its fully owned companies Cheerful
Twentyfirst and Cheerful Twentyfirst, Inc. (the North American arm of Cheerful
Twentyfirst) (cheerfultwentyfirst.com), two live events agencies with film
capabilities that specialise in devising and delivering corporate
communication solutions. The Group also operates Eventful Limited
(www.eventful.co.uk), which provides consultative, high-touch services
including assisting clients with venue sourcing, event management and
incentive travel. With more than 56 years of combined operating experience and
extensive award wins, Aeorema is a recognised industry thought leader.

 

Central to all that the Group does is its Corporate Social Responsibility
charter, which is focussed on ensuring sustainable, inclusive and ethical
business operations. To this end, the Group is a pioneer in delivering
innovative strategies and services, including a client carbon measurement
programme to establish a formal structure and approach around reducing
emissions and offsetting both its own and its clients' carbon footprint.

 

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