REG - Character Group PLC - Grant of Option and Directorate Change

CharacterAnnouncement

28/01/2025 07:00

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RNS Number : 8654U  Character Group PLC (The)  28 January 2025

 

 

 

 

LONDON: Tuesday, 28 January 2025

 

 

THE CHARACTER GROUP PLC

("Character," "Company," "Group")

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

 

 

Grant of Option

and

Directorate change

 

 

 

Grant of Option

On 24 January 2025, the Company granted an option over a total of 30,000
ordinary shares of £0.05 each ("Ordinary Shares") held in treasury to Hamun
Shah, its Chief Financial Officer. These options have been granted under the
Group's 2017 Share Option Plan at an exercise price of 250 pence per share,
being the closing mid-market price at the close of business on 23 January
2025.

 

Board appointment

The Company is also pleased to announce the promotion and appointment of Hamun
Shah to Group Finance Director. He will take up his formal role and join the
Main Board on 1 February 2025. From the same date, Joint Managing Director of
the Group Kiran Shah will relinquish his Group Finance Director duties and
responsibilities to further concentrate on his executive role as Joint
Managing Director of the Company.

 

Hamun (no relation to Kiran Shah) holds a BA (hons) in Accounting and Finance
and qualified as a Chartered Accountant in 1999. He joined Character in March
2024 as Chief Financial Officer and since then, he has had an immediate
positive impact on all aspects of the business he has become involved in.
Prior to joining the Company, Hamun worked at Prada Group (one of the world's
top luxury fashion houses) where, from 2002 he was the UK Financial
Controller, then its Group Financial Controller. He was promoted to Group
Chief Financial Officer of Church Group (a subsidiary within Prada Group
famous for its shoes) in 2009 and subsequently in 2012 he also took up the
position as Head of Finance at Prada Retail UK Ltd, reporting respectively to
the Church Group Chief Executive Officer and the Prada Group Chief Financial
Officer.

 

Carmel Warren, Non-Executive Chair at Character Group, commented:

 

"On behalf of my colleagues and all stakeholders I welcome Hamun to the Board.
We have already had the opportunity to "road-test" his extensive experience
and skill set since he joined the business last year and are confident that,
with his energy and ability, he will be an asset to the Board."

 

"I would also like to take this opportunity to thank Kiran for doing a
terrific job combining his Joint Managing Director with the Group  FD duties
since 2017. He has been a very safe and reliable pair of hands in the finance
role, and we are pleased that, in relinquishing those responsibilities, we are
retaining and not losing his important involvement in the management and
contribution to the Board and the Group overall."

 

Other than the  information below, there are no other disclosures required to
be made in respect of Hamun Shah under paragraph (g) of Schedule Two of the
AIM Rules.

 

 Full name:                            Hamun Shah
 Age:                                  49
 Current beneficial shareholding       12,319 Ordinary Shares held by his personal pension scheme, representing

                                     approximately 0.07 per cent. of the current issued share capital (excluding
 in the Company                        shares held in treasury)
                                       Options over 30,000 Ordinary Shares held in treasury at an exercise price per
                                       share of £2.50, as previously disclosed in this announcement.
 Current directorships/partnerships:   SATRA (a company limited by guarantee).

                                       Satra Technology Centre Limited

                                       Hamsi Services Limited
 Previous directorships/partnerships:  Church & Co. (Footwear) Limited

 (last five years)                     Church UK Retail Limited*

                                       Church Ireland Retail Limited

                                       Church Denmark ApS.

                                       Church Netherlands BV

                                       Church Austria GmbH

                                       Church's English Shoes SA

                                       Church Spain SL

 

(*resignation notified to, however, yet to be recorded on the Company Registry
by, the Registrar of Companies)

 

 

 

Notification and public disclosure of transactions by PDMR:

 

The notification below is made in accordance with the requirements of the EU
Market Abuse Regulation.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a.  Name                                      Hamun Shah
 2.  Reason for the notification
 a.  Position/status                           Chief Financial Officer
 b.  Initial notification/Amendment            Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer, or auction monitor
 a.  Name                                      The Character Group plc
 b.  LEI                                       213800HY6EB8T8VWWE73
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of

     transaction; (iii) each date; and (iv) each place where transactions have been
     conducted
 a.  Description of the                        Ordinary shares of 5 pence each

     Financial instrument, type

     of instrument Identification code         GB0008976119
 b.  Nature of the transaction                 Grant of Option under the 2017 Share Option Plan
 c.  Price(s) and volume(s)                    Price(s)    Volume(s)
                                               250p        30,000
 d.  Aggregated information

     ·Aggregated volume                        30,000

     ·Price                                    250p
 e.  Date of the transaction                   24 January 2025
 f.  Place of the transaction                  Outside a trading venue

d.

Aggregated information

·Aggregated volume

·Price

 

30,000

250p

e.

Date of the transaction

24 January 2025

f.

Place of the transaction

Outside a trading venue

 

 

 The Character Group plc

 FTSE sector:  leisure goods:

 FTSE AIM All-share: symbol: CCT

 Market cap: £47m

 Email:  info@charactergroup.plc.uk (mailto:info@charactergroup.plc.uk)
 Group website: www.thecharacter.com (http://www.thecharacter.com)

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

 Enquiries to:

 The Character Group plc

 Jon Diver, Joint Managing Director

 Kiran Shah, Joint Managing Director & Group Finance Director
 Office:  +44 (0) 208 329 3377

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

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

 Panmure Liberum

 (Nominated Adviser and Joint Broker)

 Atholl Tweedie, Investment Banking

 Rupert Dearden, Corporate Broking

 Tel:  +44 (0) 20 7886 2500

 Allenby Capital Limited (Joint Broker)

 Nick Athanas, Corporate Finance

 Amrit Nahal/Tony Quirke, 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)

 

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