REG - Portmeirion Group - Appointment of Non-Executive Chairman

PortmeirionAnnouncement

20/01/2025 07:00

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RNS Number : 8547T  Portmeirion Group PLC  20 January 2025

20 January 2025

 

PORTMEIRION GROUP PLC

('the Group' or 'Portmeirion')

 

DIRECTORATE CHANGE

 

Appointment of Non-Executive Chairman

 

Portmeirion Group PLC, the owner, designer, manufacturer and omni-channel
retailer of leading homeware brands in global markets, announces the
appointment of a new Non-Executive Chairman.

Following a number of years of dedication to the Group, Dick Steele has
informed the Board of his intention to step down from the Board and his role
as Non-Executive Chairman. Dick will leave the Board on 31 January 2025
having seen the Group grow its global reach and brand portfolio through a
number of acquisitions including Spode, Royal Worcester, Wax Lyrical and
Nambé.

Peter Tracey is joining the Board as Non-Executive Chairman and chair of the
Nomination Committee with effect from 1 February 2025.  Peter is Managing
Director of Blackdown Partners Limited, an independent investment bank.  He
is also a Non-Executive Director of Hurtwood Capital, his private family
office, and Inspired PLC, a leading technology-enabled service provider
delivering solutions to enable businesses to transition to net-zero and manage
their response to climate change.

Mike Raybould, Chief Executive, commented:

"I would like to thank Dick, on behalf of the entire Board, for his valuable
contribution, leadership and guidance over the years.  Dick's dedication to
supporting British manufacturing and homeware brands has never wavered and he
will leave the Board with our very best wishes for the future.

We are pleased to welcome Peter to the Board as Non-Executive Chairman.
  Peter's contribution will assist the Group in delivering long-term,
sustainable value for all our stakeholders."

 

ENQUIRIES:

 

 Portmeirion Group PLC:
 Mike Raybould, Chief Executive          +44 (0) 1782 743 444   mraybould@portmeiriongroup.com
 Jon Hill, Group Finance Director        +44 (0) 1782 743 444   jhill@portmeiriongroup.com

 Hudson Sandler:
 Dan de Belder                           +44 (0) 207 796 4133   portmeirion@hudsonsandler.com
 Nick Moore

 Emily Brooker

 Shore Capital:                          +44 (0) 207 408 4090

 (Nominated Adviser and Joint Broker):
 Patrick Castle                          Corporate Advisory

 Lucy Bowden
 Malachy McEntyre                        Corporate Broking

 Isobel Jones

 

 Singer Capital Markets

 (Joint Broker):         +44 (0) 207 496 3000
 Peter Steel             Investment Banking
 Asha Chotai

 

 

 

Appendix - AIM Rule 17

 

Save for the information set out above and below, there are no further
disclosures to be made in accordance with Rule 17, Schedule Two (g) of the AIM
Rules for Companies in respect of the appointment to the Board of Peter James
Tracey, aged 51.   Peter does not hold an interest in the Company's share
capital.

 

Current Directorships

 

Blackdown Partners Limited

Inspired plc

Hurtwood Capital Limited

15 Cresswell Gardens Limited

Branscombe Group Limited

 

 

Past Directorships (within 5 Years)

 

Water Babies Group Limited

The Business Magazine Group Limited

Cicero Education Limited

Frank & Furious Limited

Six Two Tech Limited

The McOnie Agency Ltd

Thor's Hammer Limited

Thunderbird Asset Management limited

Thunderbird Financial Limited

Thunderbird Real Estate Limited

Zeus Capital Limited

Pierrot Marketing Limited

 

 

NOTES TO EDITOR:

Portmeirion Group PLC is a leading, omni-channel British ceramics manufacturer
and retailer of leading homeware brands.

 

Based in Stoke-on-Trent, United Kingdom, the Group owns six unrivalled
heritage and contemporary brands, with 750+ years of collective heritage;
Portmeirion, Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambé.

 

The Group serves markets across the world, with global demand driven by
diversified international markets including the key geographies of the US, UK
and South Korea.

 

Portmeirion Group has a proven capital-light, well developed and self-funded
growth strategy focused on building a wider customer base and growing the
sales footprint of its brands, through:

·    Building and growing international sales markets

·    Developing online sales channels in core markets

·    Designing and launching new product to widen appeal and take market
share

·    Leveraging brands and extensive product ranges

 

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