REG - East Imperial PLC - Directorate Changes and Withdrawal of Requisition

East ImperialAnnouncement

03/12/2021 14:25

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RNS Number : 5659U  East Imperial PLC  03 December 2021

3 December 2021

East Imperial plc

("East Imperial" or the "Company")

Directorate Changes

Withdrawal of Requisition of General Meeting

East Imperial, the global purveyor of ultra-premium beverages, is pleased to
announce the appointment of Alistair McGeorge as Non-Executive Chairman of the
Company and Colin Henry as a Non-Executive Director of the Company, with
immediate effect. The requisition of a general meeting received on 15 November
2021 from Taylor Partners Limited (the "Requisition Notice") has now been
formally withdrawn and Rabindra Lal Soni (Rob Soni) has resigned as Chairman
and as a Director of the Company.

Tony Burt, Chief Executive Officer of East Imperial, commented:

"Alistair and Colin bring extensive retail and corporate governance experience
which will be invaluable as we continue to drive forward with our growth
plans. I would like to welcome them both to the Board and look forward to
working closely with them to strengthen the Board with additional
non-executive expertise and to accelerate the growth of our business."

"I am pleased that the Board will continue to have the services of Dr.
Olufunke (Funke) Abimbola M.B.E. as an independent non-executive Director, and
would like to thank Rob Soni for his support throughout the Company's rapid
expansion and successful listing - I wish him the very best with his next
endeavours."

Mark Taylor, Director of Taylor Partners Limited, commented:

"I am delighted that working closely with Tony Burt and executive management
we have navigated these Board changes which exemplify the professionalism and
expertise of the Board. East Imperial is now perfectly placed to capitalise on
its global growth opportunities."

Alistair McGeorge, Non-Executive Chairman of East Imperial, commented:

"I am pleased to have joined the Board of East Imperial as Non-Executive
Chairman and look forward to working with Tony, Colin and the rest of the
Board. East Imperial represents a unique global proposition, and we are
determined to bring and apply our collective retail and boardroom experience
in supporting Tony and his team to deliver the maximum value for the brand and
the Company's shareholders as a whole."

The information contained within this announcement is deemed by the Company to
constitute inside information for the purposes of 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, as amended.  Upon the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.

For more information on East Imperial, please visit
https://investors.eastimperial.com (https://investors.eastimperial.com) .

Enquiries:

MHP Communications

Peter Hewer +44 (0) 770 9326 261

Rachel Mann +44 (0) 758 5301 464

eastimperial@mhpc.com

 

Additional Information on the Directorate Appointments:

 

Alistair Kenneth McGeorge (aged 62)

Alistair has a breadth of experience in both public and private consumer
facing businesses, including New Look Group, Matalan, BIGW Limited and 11
years at Littlewoods/Shop Direct. He has played a leading role in turning
around, managing and growing successful businesses, through ongoing change and
developing new routes to market.

 

Colin Glen Henry (aged 56)

Colin has over 20 years' experience in retail companies having previously held
senior roles at Marks & Spencer PLC, Polo Ralph Lauren Inc and Nike
Inc/Umbro Inc as well as other major brands such as Jaeger Ltd, Matalan Group,
New Look Group and BIGW. His experience of driving results is in both luxury
and mass markets, across buying, brand development, marketing, digital and
supply chain.

ENDS

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