REG - Marks Electrical Grp - Change of Adviser

Marks ElectricalAnnouncement

04/04/2023 07:00

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RNS Number : 2293V  Marks Electrical Group plc  04 April 2023

 

04 April
2023

 

Marks Electrical Group plc

("Marks Electrical" or "the Group")

 

Change of Adviser

 

 

Marks Electrical Group plc, a fast-growing online electrical retailer, is
pleased to announce the appointment of Canaccord Genuity Limited as nominated
adviser and broker to the Company, with immediate effect.

 

- Ends -

 

 

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)
 Jonathon Brill / James Styles / Fern Duncan             Tel: +44 (0)20 7664 5095

 markselectrical@dentonsglobaladvisors.com
 (mailto:markselectrical@dentonsglobaladvisors.com)
 Canaccord Genuity (NOMAD and Broker)
 Max Hartley / Patrick Dolaghan                          Tel: +44 (0)20 7523 8000

 

About Marks Electrical

Marks Electrical is a fast growing, highly scalable, technology driven
e-commerce electricals 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 £8.0 billion.

Primarily through its simple, clear and intuitive website -
markselectrical.co.uk - the Group offers over 4,000 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/ (https://group.markselectrical.co.uk/)
and its retail website:  https://markselectrical.co.uk/
(https://markselectrical.co.uk/) .

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