REG - Inchcape PLC - Directorate Change

InchcapeAnnouncement

28/11/2022 16:15

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RNS Number : 8278H  Inchcape PLC  28 November 2022

INCHCAPE PLC

 

Directorate Change

 

Further to the announcement today regarding publication of the circular
relating to the proposed acquisition of Derco (the "Transaction"), Inchcape
plc is pleased to announce the conditional appointment of Juan Pablo Del Río
as a Non-Executive Director with effect from the Admission of the
Consideration Shares to be issued by Inchcape plc on completion of the
Transaction. As separately announced, completion of the Transaction (and
consequential Admission of the Consideration Shares) is subject to outstanding
conditions including the approval of Inchcape plc's shareholders, and merger
control clearance in Peru.

 

Juan Pablo is an existing director of both Dercorp CL SpA and Dercorp EX SpA
and is also on the board of several subsidiaries within the Derco group. In
addition, Juan Pablo is currently a member of the board of directors of
Cruzados S.A.D.P. (a company with shares listed on the Santiago Stock
Exchange) and is chairman of Sodimac S.A, a position he has held since 1986.
He was a member of the board of directors of Falabella S.A., a company with
shares listed on the Santiago Stock Exchange, between 2015 and 2020 and has
held a number of senior leadership roles across a range of companies within
the automotive, retail and real estate sectors in Latin America.

 

There is no additional information required to be disclosed pursuant to
Listing Rule 9.6.13 (1) to (6) in respect of this appointment.

 

Capitalised terms used in this announcement which are not defined shall have
the meaning ascribed to them in the circular regarding the Transaction which
was published by Inchcape plc today.

 

About Inchcape

 

Inchcape is the leading independent multi-brand global automotive distributor,
operating in over 40 markets and territories with a portfolio of the world's
leading automotive brands. Inchcape has diversified multi-channel revenue
streams including sale of new and used vehicles, parts, service, finance and
insurance. The Company has been listed on the London Stock Exchange (INCH)
since 1958, and is classified within the 'Business Support Services' sector.
The Group is headquartered in London and employs around 14,500 people
globally. www.inchcape.com (http://www.inchcape.com) .

 

Enquiries:

 Inchcape plc - Investor Relations
 Raghav Gupta-Chaudhary             +44 (0)7933 395 158

                                    investors@Inchcape.com (mailto:investors@harrier.com)
 Brunswick Group - Media Enquiries
 Susan Gilchrist, Kate Holgate      +44 20 7404 5659

                                    inchcape@brunswickgroup.com (mailto:inchcape@brunswickgroup.com)

 

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