REG - Property FranchiseGp - Appointment of CEO Designate

Property FranchiseAnnouncement

13/02/2020 07:00

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RNS Number : 8379C  Property Franchise Group PLC (The)  13 February 2020

13 February 2020

 

THE PROPERTY FRANCHISE GROUP PLC

("TPFG", the "Company" or the "Group")

 

 

Appointment of CEO Designate

 

The Property Franchise Group PLC (AIM:TPFG), one of the UK's largest property
franchises, is delighted to announce the appointment of Gareth Samples as
Chief Executive Officer Designate, further to the announcement on 31 July 2019
that Ian Wilson intends to retire in 2020. It is proposed that Gareth will
join the board of TPFG as Chief Executive Officer in the second half of 2020,
enabling an orderly handover period from Ian. Gareth has joined the Group to
commence work immediately on key projects alongside the executive management
team.

 

With 30 years' industry experience, Gareth brings a wealth of Estate Agency,
Financial Services and digital marketing knowledge to the Group. In his 21
year career at LSL Gareth was appointed Managing Director of the Your Move
brand, which was the largest single brand estate agency in the UK at the
time.  In this role he was responsible for Your Move's franchise operation as
well as having overall control of Financial Services and Lettings and the
strategy of the brand.

 

Following his successful career at LSL, Gareth became Managing Director of
Briefyourmarket.com where he gained significant digital marketing experience
and knowledge and since 2014 he has served as Chairman of Legalforlandlords.

 

The Company will make a further announcement regarding Gareth's formal
appointment in due course.

 

Richard Martin, Non-Executive Chairman of The Property Franchise Group,
commented: "I'm enormously pleased to announce the appointment of Gareth as
CEO Designate.  Gareth's excellent credentials in agency are well known and
his vision and experience will prove invaluable as the Board endeavour to
maximise the many and exciting opportunities that present themselves to our
group."

 

Ian Wilson, Chief Executive Officer of The Property Franchise Group,
commented: "After 16 years with the business, identifying my successor was a
significant decision. We have benefitted from a tight and stable board since
the IPO in December 2013, with no change in Chairman, CEO or CFO and this
board has proven to be an engine for growth.  We are delighted that Gareth is
joining the team as CEO Designate, as he brings a wealth of industry
experience and shares our vision of franchising as a powerful force in our
industry. Gareth will be working alongside me and the rest of our team over
the coming months in preparation for his formal appointment later this year.
Gareth will be introduced to investors at our final results roadshow in
April."

 

Gareth Samples commented: "I am thrilled to be joining The Property Franchise
Group. The business is at a very exciting stage in its growth strategy with
the recent launch of its financial services division alongside a huge
opportunity to grow and improve its franchise footprint.  I am really looking
forward to working with Ian and his team ahead of my formal appointment and I
am determined to build further upon the incredible work carried out by Ian and
the team."

 

 

The information contained within this announcement (the "Announcement") is
deemed by the Company to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this
Announcement via Regulatory Information Service, this inside information is
now considered to be in the public domain.

 

 

For further information, please contact:

 

 The Property Franchise Group PLC                    01202 292829

 Ian Wilson, Chief Executive Officer

 David Raggett, Chief Financial Officer

 Cenkos Securities plc                               0207 397 8900

 Max Hartley, Callum Davidson (Nominated Adviser)

 Julian Morse (Sales)

 Alma PR                                             0203 405 0205

 Susie Hudson

 Rebecca Sanders-Hewett

 Jessica Joynson

About The Property Franchise Group PLC:

 

The Property Franchise Group PLC (AIM: TPFG) is one of the largest property
franchises in the UK. The Company was founded in 1986 and has since grown to a
diverse portfolio of six brands operating throughout the UK, comprising
longstanding high-street brands and a hybrid, no sale no fee agency.

 

The Property Franchise Group's brands include:

· Martin & Co: a national lettings focused brand

· EweMove: a national, digitally enabled, hybrid sales and lettings brand

· CJ Hole: a full-service estate agency serving the West Country for 151
years

· Ellis & Co: a full-service estate agency serving London for 168 years

· Parkers: a full-service estate agency serving the M4 corridor for 70 years

· Whitegates: a full-service estate agency serving the Midlands and North of
England for 40 years

 

Headquartered in Bournemouth, UK, the Company was listed on AIM on the London
Stock Exchange in 2013. More information is available
at www.propertyfranchise.co.uk (http://www.propertyfranchise.co.uk/)

 

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