REG - Gear4music - Board Succession Update

Gear4music (HOLDINGS)Announcement

25/06/2024 07:00

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RNS Number : 6770T  Gear4music (Holdings) PLC  25 June 2024

25 June 2024

 

Gear4music (Holdings) plc

 

Board Succession Update

Gear4music (Holdings) plc ("Gear4music", "the Company" or "the Group"), the
largest UK based online retailer of musical instruments and music equipment,
is pleased to announce the appointment of Sharon Daly as Non-Executive
Director, commencing 5 July 2024.

As previously announced, Ken Ford (Non-Executive Chair) and Dean Murray (NED)
are approaching the end of their nine-year tenure and are stepping down from
the Board on 5 July 2024. Neil Catto, CFO of Revolution Beauty Group Plc and
former CFO of BooHoo Group plc, will also join the board as Senior Independent
Director ('SID') on 5 July 2024.

Sharon has significant experience of serving on the boards of AIM-listed
companies as both executive and non-executive director. Sharon joined Warpaint
London PLC as a Non-Executive Director in January 2024 and is a member of
their Audit and Remuneration Committees. Sharon has more than 25 years of
business experience, predominantly in marketing, international sales and
business development roles. Sharon co-founded Venture Life Group in 2010 and
made a significant contribution to the growth of the business from inception,
until she left in 2023, including its admission to trading on AIM in 2014.
Sharon is also an Independent Non-Executive Director at AIM listed
Brickability Group Plc, where she is a member of the Audit Committee and Chair
of the Remuneration Committee.

Andrew Wass, CEO and Executive Chair designate of Gear4music said:

"Sharon is a highly regarded NED with valuable experience of Plc governance
and online consumer businesses and is well placed to support the strategy in
pursuit of our growth ambitions."

Sharon Daly, Non-Executive Director designate of Gear4music said:

"I am thrilled to be joining Gear4music as Non-Executive Director at this
exciting time in the Company's journey. I look forward to working alongside
Neil, Andrew and the rest of the Board  and leveraging my experience to
further contribute to the Board's effectiveness, helping ensure robust
governance structures are in place.

My role as NED will be to support Neil and Harriet Williams in providing a
balanced perspective, support transparent decision-making, and facilitate
effective communication between the Board and all our stakeholders. Together,
I am confident we will continue to drive Gear4music forward while staying true
to the principles that have made the business a leader in its field."

 

 

- Ends -

Enquiries:

 Gear4music                                             +44 (0)20 3405 0205

 Andrew Wass, Chief Executive Officer

 Chris Scott, Chief Financial Officer

 Singer Capital Markets - Nominated Adviser and Broker  +44 (0)20 7496 3000

 Peter Steel/Sam Butcher, Corporate Finance

 Tom Salvesen, Corporate Broking

 Alma - Financial PR                                    +44 (0)20 3405 0205

 Rebecca Sanders-Hewett                                 Gear4music@almastrategic.com

 Joe Pederzolli

 David Ison

 

Information regarding the appointment of Sharon Mary Daly (nee Collins), aged
49, as required under Rule 17 and Schedule 2(g) of the AIM Rules for Companies
is set out below.

 Current directorships/partnerships  Past directorships/partnerships (within 5 years)
 Warpaint London Plc                 Venture Life Group plc

 Brickability Group                  HL Healthcare Limited

                                     Lubatti Limited

                                     Periproducts Limited

                                     Venture Life Limited

                                     Venture Life Healthcare Limited

                                     Kullgreen Holding AB

                                     Rolf Kullgreen AB

                                     Venture Life Manufacturing (Sweden) AB

 

As at the date of this announcement, Sharon Daly does not hold an interest in
the ordinary shares of the Company.

Save as set out above, there are no further disclosures pursuant to Rule 17 or
Schedule 2(g) of the AIM Rules for Companies in respect of the appointment of
Sharon Daly.

About Gear4music (Holdings) plc

Operating from a Head Office in York, Distribution Centres in York, Bacup,
Sweden, Germany, Ireland & Spain, and showrooms in York, Bacup, Sweden
& Germany, the Group sells own-brand musical instruments and music
equipment alongside premium third-party brands including Yamaha, Roland and
Roland, to customers ranging from beginners to musical enthusiasts and
professionals, in the UK, Europe and the Rest of the World.

Having developed its own e-commerce platform, with multilingual, multicurrency
websites delivering to over 190 countries, the Group continues to build its
overseas presence.

 

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