REG - East Imperial PLC - Directorship Changes

East ImperialAnnouncement

06/09/2023 08:15

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RNS Number : 5523L  East Imperial PLC  06 September 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK 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.

6 September 2023

East Imperial plc

 

(the "Company")

 

 Directorship Changes

 

East Imperial plc, the global purveyor of ultra-premium beverages, today
announces that Colin Henry and Toby Hayward will step down as Non-Executive
Directors of the Company, effective 1 September 2023.

 

Horace Ngai will join as a Non-Executive Director effective 5 September 2023,
appointed to the Company's strategic advisory board in October 2021. Horace
began his career at Procter and Gamble in China (1991-2000), during which he
was one of the first marketing pioneers for the company, building the success
of its haircare & beauty care brands. Between 2000 and 2018, he held
various senior management positions at Pernod Ricard across Asia, including
Senior President of Pernod Ricard in China.

Horace was also the CEO of Sichuan Shui Jing Fang Co. Ltd, a listed company on
the Shanghai Stock Exchange majority-owned by Diageo, between 2019 and 2020.
Horace is a representative of INL Investments, a distributor of East Imperial
products and a recent investor in the Company.

 

Alistair McGeorge will remain as Chair until a suitable replacement with the
appropriate industry expertise can be found. Alistair will assume the role of
chairing the Audit and Remuneration Committees.

 

 

Alistair McGeorge, Chairman, commented:

 

"I would like to thank Colin and Toby for their contribution to the Board and
wish them both well with their next endeavours. The changes to East Imperial
reflect a recalibration of the cost structures and the desire for governance
support to include an appropriate level of industry expertise.  In that
regard, I welcome Horace to the board."

 

Tony Burt, CEO/Founder, commented:

 

"I'd like to thank Colin and Toby and wish them all the best for the future.
I'd also like to welcome Horace, who brings extensive experience in the
premium drinks industry in Asia. His insight and experience will be a huge
asset as we work closely with our new investment partner, INL Investments, in
that region."

 

Enquiries:

Anthony Burt / Andrew Robertson - investors@eastimperial.com
(mailto:investors@eastimperial.com)

About East Imperial

Founded in New Zealand and Singapore in 2012, East Imperial produces a range
of ultra-premium mixers that sell throughout APAC, the US and EMEA. Guided by
a clear strategy to capitalise on the growing demand for premiumisation across
the beverage industry, East Imperial has sold over 33 million bottles in over
20 countries since its founding, with popular products including Old World
Tonic, Grapefruit Tonic, Yuzu Tonic and Mombasa Ginger Beer. In 2023, East
Imperial won 8 medals at the coveted Tonic & Mixers Masters Competition in
London. The company was founded on the philosophy of creating exquisite
products defined by heritage, tradition and authenticity. All products are
made from the highest quality, all-natural ingredients, reflecting East
Imperial's commitment to providing a sustainable product and minimising
environmental impacts at every stage of the manufacturing process. For more
information about East Imperial and its ultra-premium mixers, visit
eastimperial.co.uk.

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