REG - Mission Group PLC - Board Change

MissionAnnouncement

24/11/2023 13:00

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RNS Number : 6384U  Mission Group PLC (The)  24 November 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

24 NOVEMBER 2023

 

THE MISSION GROUP plc

 

("MISSION", "the Group")

 

Board Change

 

MISSION Group plc (AIM: TMG), creator of Work That Counts(TM), comprising
a group of digital marketing and communications Agencies, is pleased to
announce the appointment of David Morgan as Non-Executive Chair.

 

David will replace Julian Hanson-Smith, who, after a tenure of eight years on
the Board, initially as Non-Executive Director and latterly as Non-Executive
Chair, has resigned from the Board with immediate effect to pursue other
business interests. Julian will remain as a consultant to the Group in an
advisory capacity.

 

David brings a wealth of experience to the Board and draws on a longstanding
career in the advertising and media industry with an in-depth knowledge of
MISSION, having founded Bray Leino, one of the Group's key Agencies. He was
previously Executive Chair of the Group between April 2010 and October 2021.

 

Commenting, James Clifton, Chief Executive of MISSION said: "We welcome
David's return to the Board. His long-standing experience of both MISSION and
the industry will be invaluable as we continue to deliver against our
strategy.

 

"On behalf of the Group I would like to thank Julian for his long-standing
commitment and contribution to MISSION and look forward to continuing to work
with him in an advisory capacity."

 

David Morgan, Chair of MISSION, added: "I am delighted that the Board has
asked me to return as Chair. Despite the ongoing challenges for our industry,
MISSION is made up of extremely dynamic, entrepreneurial Agencies managed by
very talented people. I look forward to helping the Group consolidate its
strategic progress and to working closely with the Board and management team
to deliver long-term value for all our stakeholders."

 

"I would like to thank my predecessor for his efforts over the last eight
years. Julian's understanding of the business and wider sector will continue
to be extremely useful as we take the Group forward."

 

Regulatory Disclosures (in accordance with Rule 17 and Schedule Two paragraph
(g) of the AIM Rules for Companies)

 

David William Morgan, aged 76 years, holds or has held the following
directorships or partnerships during the five years preceding the date of this
announcement:

 

 Current Directorships  Past Directorships
 Hannele Limited        Bray Leino Nominees Limited
                        Pathfindr Limited
                        The MISSION Group plc

 

David Morgan had been a Director of Creative Travel Group Limited until
September 2004, which entered a creditors voluntary liquidation in December
2004.

 

Save for the information set out above, there are no further disclosures to be
made in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM
Rules for Companies in respect of the appointment of David Morgan.

David Morgan owns 4,817,426 shares in the Company, equating to 5.3 per cent.
of the Company's issued share capital.

 

As disclosed in the Company's 2022 annual report, Bray Leino Ltd rents
property from entities under the control of David Morgan, and members of his
close family. During the 2022 year the Company paid annual rental and property
fees totalling £75,000 (2021: £75,000).

 

ENQUIRIES

 

 James Clifton, Chief Executive Officer

 Giles Lee, Chief Financial Officer                        07730 490384

 The MISSION Group plc                                     020 7462 1415

 Simon Bridges/Andrew Potts/Harry Rees
 Canaccord Genuity Limited (Nominated Adviser and Broker)  020 7523 8000

 Kate Hoare / Alexander Clelland / India Spencer
 HOUSTON (Financial PR and Investor Relations)             0204 529 0549

 

 

NOTES TO EDITORS

 

MISSION is a collective of digital marketing and communications Agencies
employing over 1,000 people across 29 locations and 3 continents. The Group
successfully combines its diverse expertise to produce Work That
Counts(TM) for Clients, whatever their ambitions. Creating real standout,
sharing real innovation and delivering real growth for some of the world's
biggest brands. www.themission.co.uk
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.themission.co.uk%2F&data=04%7C01%7C%7C2e2f37c792c7415afaad08d947a9c473%7Cb7e4783d67604ed5b0c156d405b9349b%7C0%7C1%7C637619616734507818%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C2000&sdata=5duO%2FyhgYrmP5I17h1eW4mAaM4%2BhySTEObFl5Dz5R%2Fs%3D&reserved=0)

Prior to publication the information communicated in this announcement was
deemed by the Company to constitute inside information for the purposes of
article 7 of the Market Abuse Regulations (EU) No 596/2014 as amended by
regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations No
2019/310 ('MAR'). With the publication of this announcement, this information
is now considered to be in the public domain.

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