REG - ME Group Intl. - Directorate Change

ME InternationalAnnouncement

06/11/2024 16:15

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RNS Number : 2303L  ME Group International PLC  06 November 2024

 

 

6 November 2024

 

 

ME Group International PLC

(the "Company" or the "Group")

 

Directorate Change

 

ME Group International plc (LON: MEGP), the instant-service equipment group,
announces that Mr Emmanuel Olympitis (Manoli) has informed the Board of his
decision to step down as a Non-executive Director of the Company after 15
years in the role, and will leave the Board on 30 November 2024 to focus on
his writing career. Mr Olympitis currently serves as Senior Independent
Director, Chair of the Remuneration Committee and is a member of the Audit and
Nomination Committees.

 

René Proglio, an Independent Non-executive Director and Chair of the Audit
Committee, will take over the role of Senior Independent Director. Françoise
Coutaz-Replan, an Independent Non-executive Director and member of the Audit
and Remuneration Committees, will take over as Chair of the latter Committee
and she will also join the Nomination Committee.

 

Sir John Lewis OBE, Chair of the Board, said:

 

"On behalf of my fellow Directors, I wish to thank Manoli for his hard work
and dedication over the years and we wish him and his family all the best for
the future."

 

 

ENQUIRIES:

 

 ME Group International plc    +44 (0) 1372 453 399
                               ir@me-group.com (mailto:ir@me-group.com)
 Del Mansi, Company Secretary

 Hudson Sandler                +44 (0) 20 7796 4133

 Wendy Baker / Nick Moore       me-group@hudsonsandler.com (mailto:me-group@hudsonsandler.com)

 

 

NOTES TO EDITORS

 

 

ME Group International plc (LSE: MEGP) operates, sells and services a wide
range of instant-service vending equipment, primarily aimed at the consumer
market.

 

The Group operates vending units across 18 countries and its technological
innovation is focused on four principal areas:

 

·    Photo.ME   - Photobooths and integrated biometric identification
solutions

·    Wash.ME   - Unattended laundry services and launderettes

·    Print.ME     - High-quality digital printing kiosks

·    Feed.ME    - Vending equipment for the food service market

 

In addition, the Group operates other vending equipment such as children's
rides, amusement machines, and business service equipment.

 

Whilst the Group both sells and services this equipment, the majority of units
are owned, operated and maintained by the Group. The Group pays the site owner
a commission based on turnover, which varies depending on the country,
location and the type of machine.

 

The Group has built long-term relationships with major site owners and its
equipment is generally sited in prime locations in areas of high footfall such
as supermarkets, shopping malls (indoors and outdoors), transport hubs, and
administration buildings (City Halls, Police etc.). Equipment is maintained
and serviced by an established network of more than 650 field engineers.

 

In August 2022 the Company changed its listed entity name to ME Group
International plc (previously Photo-Me International plc) to better reflect
the Group's diversification focus and business strategy.

 

The Company's shares have been listed on the London Stock Exchange since 1962.

 

For further information: www.me-group.com (http://www.me-group.com)

 

 

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