REG - Character Group PLC - Directorate change and New Senior appointment

CharacterAnnouncement

30/06/2022 10:00

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RNS Number : 8111Q  Character Group PLC  30 June 2022

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018.  Upon the publication of this
announcement via the Regulatory Information Service, this inside information
is now considered to be in the public domain.

 

 

 

LONDON, THURSDAY 30 JUNE 2022

 

 

 

The Character Group plc

(the "Company" or "Group" or Character")

Designers, developers and international distributor of toys, games and
giftware

 

 

 

DIRECTORATE CHANGE

The Character Group plc announces that it has been informed by Michael Hyde
that he will be stepping down from his Executive role as Managing Director of
the Group's Far East operations on 31 December 2022 to pursue other
challenges. Whilst Michael will be relinquishing his executive duties within
the Group, he will remain on the Character Board and become a Non-Executive
Director from 1 January 2023.

 

Commenting on this, Richard King, Chair of Character said:

"On behalf of everyone at Character and all shareholders, we acknowledge and
thank Mike for his loyal service and commitment to the business over the last
17 years.  Over this period he has played a key role in the improvement and
efficiency of our supply chain management, quality control measures and the
development and motivation of our teams in Hong Kong and China.  He hands
over to a strong and competent team who will continue to build on the legacy
he has established."

 

"As a Board, we are also delighted that he has agreed to continue in a
non-executive capacity, which will continue to allow the business access to
his skills and expertise."

 

NEW SENIOR APPOINTMENT

The Company is also pleased to announce that, with effect from 5 July 2022,
Anthony Wood will be joining the Company as General Manager of its Far East
Operations.

 

Anthony has a degree in Manufacturing Engineering Technology and has worked in
the manufacturing and logistics chain management industry since 2009,
including over four years managing manufacturing facilities in China.  He is
also proficient in Mandarin Chinese, knowledgeable in Chinese business
practices and nuances and has the experience and expertise to implement and
further develop the Group's strategy in sourcing, product development, Quality
Assurance & Quality Control and direct shipping functions.  Michael will
be working closely with Anthony over the next few months, to ensure an orderly
transition of responsibilities and understanding of the Group's business.

 

Jon Diver, Joint Managing Director of Character added:

 

"We thank Mike for the dedication, passion, enthusiasm and motivation he has
brought to Character over his time with the Group.  On behalf of us all we
wish Mike and his family well as he embarks on the next stage of his career
and look forward to continuing our collaborative partnership in his new
capacity with us."

"At the same time, I also take this opportunity to welcome Anthony to
Character and look forward to working with him and the Far East teams over the
coming years to further fulfil our strategic objectives for the Group's Far
East operations."

 

 

 

ENQUIRIES TO:

The Character Group plc

Jon Diver, Joint Managing Director

Kiran Shah, Joint Managing Director

Office:     +44 (0) 208 329 3377

Mobile:   +44 (0) 7831 802219 (JD)

Mobile:   +44 (0) 7956 278522 (KS)

Email:  info@charactergroup.plc.uk (mailto:info@charactergroup.plc.uk)

 

Panmure Gordon (Nominated Adviser and Joint Broker)

Atholl Tweedie, Investment Banking

Charles Leigh-Pemberton / Rupert Dearden, Corporate Broking

Tel:  +44 (0) 20 7886 2500

 

Allenby Capital Limited (Joint Broker)

Nick Athanas, Corporate Finance

Amrit Nahal, Sales & Corporate Broking

Tel:  +44 (0) 20 3328 5656

 

TooleyStreet Communications Limited (Investor and media relations)

Fiona Tooley

Tel:  +44 (0) 7785 703523

Email:  fiona@tooleystreet.com (mailto:fiona@tooleystreet.com)

 

Evolution PR Limited (Trade media)

Michele Bates

Tel:  +44 (0) 1327 227 010

Email:  Michele@evolution-pr.co.uk (mailto:Michele@evolution-pr.co.uk)

 

 

FTSE sector:  leisure: FTSE AIM All-share: symbol: CCT.L: Market cap:
£95.75m

Product ranges can also be viewed at www.character-online.co.uk
(http://www.character-online.co.uk) .

 

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