REG - Benchmark Hlgs PLC - Chairman Appointment

Benchmark HoldingsAnnouncement

12/12/2024 07:15

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RNS Number : 8398P  Benchmark Holdings PLC  12 December 2024

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

12 December 2024

 

Benchmark Holdings plc

("Benchmark" or the "Company")

Chairman Appointment

The Company announces the appointment of Tripp Lane as Chairman with effect
from 17(th) December 2024, following the General Meeting on 16th December to
approve the sale of the Genetics business as announced on 25 November 2024.
Peter George will retire from the Board on Tripp's appointment and will ensure
an orderly handover.

Tripp Lane is a founding partner of Delancey Cove LLC, an advisory firm
focused on transitional governance and management of both private and public
companies across all stages of their life cycle.

Prior to founding Delancey Cove LLC, Tripp invested in public and private debt
and equity markets at BlueMountain Capital LLC in London and at Apax
Partners in London and New York.

Tripp Lane, incoming Chairman commented:

 "I am delighted to join the Board of Benchmark as Chairman, and I am excited
to work with the management team and the board on the next stage of the
Company's journey"

Peter George, retiring Chairman, commented:

"It has been an honour and privilege to serve both as Executive and
Non-Executive Chair at Benchmark. Staff and Management have been of the
highest calibre which made it easier. I have also served with many dedicated
Non-Executive Directors over the years, and I thank them for their support and
the support of our investors. I would like to pay particular thanks to Trond
Williksen, Septima Maguire and Susan Searle who have been outstanding."

Trond Williksen, CEO, commented

"On behalf of the Board and the Management team at Benchmark I would like to
thank Peter George for his outstanding leadership through the past six years
overseeing the transformation of Benchmark starting with a comprehensive
restructuring in 2020 through to an organisational change programme and the
Strategic Review this year resulting in value realisation for
shareholders."

"I welcome Tripp who is well placed to take the Company through the next phase
of value realisation for our shareholders".

The following information is disclosed in accordance with Rule 17 and
paragraph (g) of Schedule 2 of the AIM Rules for Companies in connection with
the appointment of Nathan "Tripp" Lane to the Board of the Company:

Nathan 'Tripp' Lane (aged 47) has held the following directorships and/or
partnerships in the past five years.

 Current Directorships                  Past Directorships (last five years)
 Cell C Limited                         Card Factory Plc
 Delancey Cove, LLC                     Cardfactory US Holdings Inc
 LB NewHoldCo LLC                       Cardfactory USA LLC
 LBI ehf.                               Intralot Inc
 Maisons du Monde SA                    Matrix Holdco LLC
 Mavenir Private Holdings II Ltd        Novartex SAS
 Mavenir Systems Inc                    Retailnext Holdings Inc
 National CineMedia Inc                 Resegon Capital Partners LLP
 PVA Company LLC                        Resegon Topco Limited
 Quoizel LLC                            Turvo Inc
 Slater and Gordon UK Holdings Limited  Vivarte SAS (a subsidiary of Novartex SAS)
 Stonepeak Falcon Holdings Inc

 

·      Nathan served on the board of Cengage Learning GP 1 LLC
from 11 April to 23 August 2013. Cengage Learning GP I LLC, the general
partner of Cengage Learning Holdings II, LP, filed for Chapter 11
reorganisation on 2 July 2013. Cengage, a global provider of educational
content, technology, and services, confirmed a reorganisation plan
on 14 March 2014, after settling with certain creditors.

·      Nathan was appointed to the board of Matrix Holdco LLC, the
controlling entity of Mobileum, Inc., on 20 December 2023. Matrix Holdco
LLC, a provider of analytics solutions for telecom operators, filed for
Chapter 11 reorganisation on 23 July 2024. The company emerged from Chapter
11 on 12 September 2024, at which point Nathan resigned from the board.

Nathan has no beneficial interest in the equity securities of Benchmark
Holdings plc.

There is no further information to be disclosed in relation to Nathan Lane's
appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii)
of the AIM Rules for Companies.

Enquiries

 For further information, please contact:
 Benchmark Holdings plc                           benchmark@mhpgroup.com
 Trond Williksen, CEO
 Septima Maguire, CFO
 Ivonne Cantu, Investor Relations

 Deutsche Numis (Nominated Adviser and Broker)    Tel:  020 7260 1000
 Freddie Barnfield, Duncan Monteith, Sher Shah

 MHP                                              Tel:  : 07890 952 661
 Katie Hunt, Reg Hoare, Samuel Garner             benchmark@mhpgroup.com

 

 

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