REG - Marks Electrical Grp - AIM Notice Rule 17

Marks ElectricalAnnouncement

06/03/2024 18:45

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RNS Number : 8977F  Marks Electrical Group plc  06 March 2024

Marks Electrical Group plc

AIM Rule 17 Schedule Two (g) Update

Marks Electrical Group plc ("Marks Electrical" or "The Group"), a fast growing
online electrical retailer, today announces the following information relating
to directors' disclosure under Schedule Two, paragraph (g) of the AIM Rules
for Companies:

David Lindow Wilkinson, a Non-executive Director on the board of the Company,
has been a director of Saietta Group plc since 7 July 2021.

On 4 March 2024, Saietta Group plc was placed into administration. The
administration proceedings remain ongoing.

Enquiries:

Marks Electrical Group
plc                                                                                 Via
Dentons Global Advisors:

Mark Smithson,
CEO
Tel: +44 (0)20 7664 5095

Josh Egan,
CFO

 

Dentons Global Advisors (Financial PR)

Jonathan Brill / James Styles / Nishad Sanzagiri
                                              Tel: +44
(0)20 7664 5095

markselectrical@dentonsglobaladvisors.com
(mailto:markselectrical@dentonsglobaladvisors.com)
 

 

Canaccord Genuity (NOMAD and Broker)

Max Hartley / George Grainger (Nomad) / Kit Stephenson (Sales)
                             Tel: +44 (0) 207 886 2500

 

 

About Marks Electrical

Marks Electrical is a fast growing, highly scalable premium electrical
retailer which sells, delivers, installs and recycles a wide range of
household electrical products. The Group was founded in Leicester in 1987 by
Mark Smithson and has scaled into a nationwide online retailer with a
compelling growth track record, thanks to its vertically integrated, low-cost,
high-quality operating model, supported by the ongoing structural shift of
consumers to purchase online. The Group operates within the UK Major Domestic
Appliances (MDA) and Consumer Electronics (CE) market, estimated to be worth
approximately £7 billion.

Primarily through its simple, clear and intuitive website -
markselectrical.co.uk - the Group offers over 4,500 products from over 50
leading brands across its main product categories, which include Cooking,
Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These
products are sourced from UK distributors of the brands, with whom the Group
maintains strong and direct relationships. Marks Electrical delivers direct to
customers in its owned and branded vehicles, operated by the Group's skilled
team of delivery drivers, who are also able to offer installation and
recycling services.

For further information, visit the Marks Electrical corporate website:
https://group.markselectrical.co.uk and its retail website:
https://markselectrical.co.uk/.

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