REG - H&T Group PLC - Board Changes

H & TAnnouncement

18/01/2023 07:16

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RNS Number : 9943M  H&T Group PLC  18 January 2023

18(th) January 2023

H&T Group PLC ("H&T" or the "Group")

Board Changes

 

H&T Group Plc, the UK's largest pawnbroker and a leading retailer of new
and pre-owned jewellery and watches, today announces that after 17 years as a
member of the Board of H&T, including over 14 years as Chair, Peter
McNamara will step down from the Board at the end of March 2023 in order to
focus on his business interests outside of the Group.

 

Peter has been pivotal to the development of H&T. He was instrumental in
its successful IPO in 2008, and the growth of the business since that time has
been delivered under his guidance. He leaves the Group in a stronger place
following its capital raise last year, with the Group having the necessary
capital resources to take advantage of a favourable economic climate for
pawnbroking as the business grows its store estate in a measured and
thoughtful manner.

 

The Board is pleased to announce that Simon Walker, who joined the Board as a
Non-Executive Director in September 2022 will become Chair of the Group,
effective 1(st) April 2023. Since he joined the Board, Simon has demonstrated
that he has the qualities and experience to guide the Group through the next
stage of its development, as well as a passion and enthusiasm for the
business.

 

A recruitment process to further broaden the range of skills and experience of
the Board is underway, led by James Thornton, Senior Independent Director.
Further updates will be provided in due course.

 

Peter McNamara said "It has been an extraordinary privilege to help guide this
business over the last 17 years. Though founded over 125 years ago, the
present strength of the business has been evidenced in the last year by the
stock being one of the market's best performers. This is all down to the
outstanding employees who have run the business day to day, building strong
and enduring relationships with our customers. I will greatly miss them all. I
am very pleased that Simon will succeed me as Chair."

 

Simon Walker said "Peter has steered the business effectively through an
ever-changing economic landscape over the last 14 years. I am pleased to have
the opportunity to take over as Chair of an outstanding business with a clear
growth strategy, a strong leadership team and exceptional colleagues right
across the business."

 

Enquiries

 

 H&T Group plc                                                                              +44(0)20 8225 2700

 Chris Gillespie, Chief Executive Officer

 Diane Giddy, Chief Financial Officer

 Shore Capital Ltd (Nominated Advisor and Broker)                                           +44(0)20 7408 4090

 Stephane Auton/Iain Sexton (Corporate Advisory)

 Guy Wiehahn/Chloe Booker-Triolo (Corporate Broking)

 Alma PR (Public Relations)                                                                 +44(0)20 3405 0205

 Sam Modlin                                                                                 handt@almapr.co.uk

 Andy
 Bryant

 Pippa Crabtree

 

 
 
 

 

 

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