REG - Restore PLC - Board Changes

RestoreAnnouncement

04/07/2023 07:15

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RNS Number : 8882E  Restore PLC  04 July 2023

4 July 2023

 

Restore plc

 

("Restore" or the "Group" or "Company")

 

Board Changes

Restore plc (AIM: RST), the UK's leading provider of digital and information
management and secure lifecycle services, announces that by mutual consent
Charles Bligh will be standing down as Chief Executive Officer and Board
Director and that Jamie Hopkins, Senior Independent Director, has agreed to
become Interim Chief Executive Officer, both with immediate effect.

In addition, current Chair, Sharon Baylay-Bell, has agreed to become Executive
Chair, also with immediate effect.

Jamie Hopkins has over 20 years of plc senior leadership experience and
significant capital markets expertise. Jamie was CEO of Workspace Group plc
(FTSE 250) between 2012 and 2019 where he delivered strong operational and
financial performance, as well as leading significant growth and delivering
business change.

Sharon Baylay-Bell is an experienced Chair of listed businesses and has been
with Restore plc for eight years. Sharon combines detailed business and
support services sector knowledge with an in-depth understanding of the
Restore business.

Both Jamie and Sharon are fully committed to supporting the future success of
Restore plc and maintaining value for the Company, its staff and other
stakeholders.

Susan Davy, Audit Committee Chair and non-executive director will become the
Senior Independent Director and Lisa Fretwell, Risk Committee Chair and
non-executive director, will become Chair of the Remuneration Committee, both
with immediate effect.

An executive search process for a replacement CEO will be initiated also with
immediate effect.

The Board would like to thank Charles for the contribution he has made over
the last four years and wishes him well for the future.

 

 

 

For further information please
contact:

 

Restore
plc
www.restoreplc.com

Jamie Hopkins, Interim
CEO
+44 (0) 207 409 2420

Sharon Baylay-Bell, Executive
Chair

Neil Ritchie, CFO

Chris Fussell, Company Secretary

 

Investec (Nominated Adviser and Joint
Broker)                        www.investec.com
(http://www.investec.com)

Carlton
Nelson
            +44 (0) 207 597 5970

James Rudd

 

Canaccord Genuity (Joint Broker, Corporate Advisor)  www.canaccordgenuity.com
(http://www.canaccordgenuity.com)

Max
Hartley
            +44 (0) 207 523 8000

Chris Robinson

 

Citi (Joint
Broker)
            www.citigroup.com (http://www.citigroup.com)

Stuart
Field
            +44 (0) 207 986 4074

Laura White

 

Buchanan Communications (PR Enquiries)
            www.buchanan.uk.com (http://www.buchanan.uk.com)

Charles
Ryland
                        +44 (0) 207 466 5000

Simon Compton

 

Note:

This announcement includes inside information as defined in Article 7 of the
Market Abuse Regulation No. 596/2014 (which forms part of domestic UK law
pursuant to the European Union (Withdrawal) Act 2018) and is disclosed in
accordance with the Company's obligations under Article 17 of those
Regulations.

 

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