REG - Restore PLC - Board Changes

RestoreAnnouncement

05/09/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230905:nRSE3272La&default-theme=true

RNS Number : 3272L  Restore PLC  05 September 2023

 

5 September 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, is pleased to announce the
appointment of Charles Skinner as its Chief Executive Officer and as a Board
director with immediate effect. Charles takes over from Jamie Hopkins, who has
been Interim Chief Executive Officer since 4 July 2023. Jamie will continue as
an Executive Director, to facilitate an orderly handover of duties and also to
maintain continuity for the Board and shareholders during this transitionary
period. Sharon Baylay-Bell will step down from her role as Executive Chair and
resume her previous role as Non-Executive Chair with immediate effect.

Charles' appointment follows a thorough search for the best candidate using an
executive search agency. Charles was Chief Executive Officer of Restore
between 2009 and 2019 and has a very strong track record in the
business-to-business services sector with over 30 years of senior management
experience in listed companies, twenty years of which were as Chief Executive.
Prior to his ten years as Chief Executive Officer of Restore, Charles was
Chief Executive Officer of Brandon Hire plc and Chief Executive Officer of
Johnson Service Group plc.

 

 

Sharon Baylay-Bell, Chair of Restore, commented: "The Board remains confident
in the Company's market positioning, fundamental strengths and prospects given
growing demand for best-in-class data management services that protect
critical proprietary information and assets for organisations across all
sectors.

We are very pleased to appoint Charles and he brings a wealth of experience
and an unrivalled understanding of Restore which will enable him to hit the
ground running. Whilst Jamie will continue to play an important role as an
Executive Director over the coming months, we wish to thank him for his brief
but highly valued tenure as Interim CEO and look forward to working with
Charles to deliver maximum value for all our stakeholders."

Charles Skinner, Chief Executive Officer of Restore, commented: "It is an
honour to take on the role of CEO and I look forward to working with the Board
to maximise the opportunities that the Group has, supported by its long-term
contracted revenue base and the attractiveness of its core proposition."

 

 

 

For further information please contact:

 

Restore plc
                                    www.buchanancomms.co.uk

Via
Buchanan
            +44 (0) 207 466 5000

 

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

Luke Spells

 

Buchanan Communications (PR Enquiries)
 www.buchanancom (https://buchanancomms.co.uk/) ms.co.uk

Charles
Ryland
+44 (0) 207 466 5000

Simon Compton

Jack Devoy

 

 

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for
Companies

 

Charles Antony Lawrence Skinner (age 63)

 Current directorships              Directorships held in the last five years
 Apira Ltd                          Lifebeat
 Alliance Tool Hire South West Ltd  ORS Group Ltd
 E-Storage Worldwide Ltd            Safe-Shred UK Ltd
 Friary Holdings Ltd                Function Business Relocation Ltd
 London Tool Hire Ltd               Data Solutions 2019 Ltd
 Marlowe PLC                        Spinnaker Waste Management Ltd
 South Coast Tool Hire Ltd          Optical Record Systems Ltd
 Edge Equipment Hire Ltd            Data Shred Ltd
 Alliance Tool Hire Ltd             Ultraerase Ltd
                                    The Itad Works Ltd
                                    ID Secured Ltd
                                    Lombard Recycling Ltd
                                    Restore Datashred Ltd
                                    Diamond Relocations Ltd
                                    Restore Spur Ltd
                                    Takeback Ltd
                                    Office Green Ltd
                                    ITP Group Holdings Ltd
                                    International Technology Products UK Ltd
                                    Restore Digital Ltd
                                    Restore Technology Ltd
                                    Relocom Ltd
                                    Harrow Green Ltd
                                    Restore Shred Ltd
                                    Sargents Trading Ltd
                                    Wansdyke Security Ltd
                                    Restore PLC

 

As at the date of this announcement, Charles Skinner has a beneficial interest
in 1,546,022 ordinary shares in the Company.

There are no further disclosures required pursuant to Schedule Two, paragraph
(g) of the AIM Rules for Companies in respect of Charles Skinner's appointment
to the Board.

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAFLFIRAFISIIV