REG - Christie Group PLC - Group Chairman and Chief Executive Succession

ChristieAnnouncement

11/07/2023 07:00

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RNS Number : 5683F  Christie Group PLC  11 July 2023

11 July 2023

 

Christie Group plc

("Christie Group" or the "Company")

Group Chairman and Chief Executive Succession

Christie Group plc (CTG.L) announces that David Rugg will step down as Group
Chairman and Chief Executive with immediate effect.

 

Hwfa Gwyn, Non-executive Director, said:

 

"On behalf of the Board and my colleagues, I would like to take this
opportunity to thank David for his significant contribution to the business
over many years.  We wish David all the very best for the future."

Simon Herrick, one of the Group's two independent non-executive directors, has
accepted the Board's invitation to Chair the Board on an interim basis as the
Board commences the process of identifying and appointing an Independent
Non-Executive Chair. That process will be led by the Nominations Committee and
its own Chairman, Andrew Doyle.

Daniel Prickett, the Group's Chief Operating Officer, has been appointed as
the new Chief Executive.

Mr Prickett commented: "I'm delighted to have been asked by the Board to lead
our exceptionally talented team of people across this unique and exciting
Group, and I look forward to working with all of my colleagues to deliver for
our stakeholders in the years ahead."

 

The Group expect to incur some one-off exceptional costs this financial year
relating to Mr Rugg's departure and his contract of employment.

 

Interim results for the six months ended 30(th) June 2023 are expected to be
released in September.

Enquiries:

 

Christie Group plc

Daniel
Prickett
07885 813101

Chief Executive

 

Shore Capital

Patrick Castle
 
020 7408 4090

Henry Willcocks

Iain Sexton

Nominated Advisor and Broker

 

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services
group with 38 offices across the UK and Europe, catering to its specialist
markets in the hospitality, leisure, healthcare, medical, childcare &
education and retail sectors.

 

Christie Group operates in two complementary business divisions: Professional
& Financial Services (PFS) and Stock & Inventory Systems &
Services (SISS). These divisions trade under the brand names: PFS - Christie
& Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge,
Venners and Vennersys.

 

Tracing its origins back to 1846, the Group has a long-established reputation
for offering valued services to client companies in agency, valuation
services, investment, consultancy, project management, multi-functional
trading systems and online ticketing services, stock audit and inventory
management. The diversity of these services provides a natural balance to the
Group's core agency business.

 

This announcement relates to the disclosure of information that qualified or
may have qualified as inside information for the purposes of Article 7 of the
Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018.

 

For more information, please go to www.christiegroup.com.

 

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