REG - Satsuma Tech PLC - Resignation of Director

Satsuma TechnologyAnnouncement

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RNS Number : 6860V  Satsuma Technology PLC  06 March 2026

This announcement contains information which, prior to its disclosure, was
inside information as defined under assimilated Regulation (EU) No. 596/2014
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Union (Withdrawal) Act 2018 (as amended). Upon the publication of this
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6 March 2026

Satsuma Technology PLC

('Satsuma' or the 'Company')

Resignation of Director

The Company announces that Henry Elder has agreed with the Board to resign as
a director of the Company and to end his employment with effect from today.

Henry Elder's duties will be assumed for the time being by Ranald
McGregor-Smith who will become Executive Chair. The Board has also agreed with
Clive Carver that he will fulfil a temporary executive role, principally to
support the Company's ongoing compliance with its continuing obligations as a
listed company in light of the FCA's correspondence in December 2025 referred
to in the prospectus dated 17 December 2025.

Shareholders should note that these appointments are temporary and will be
subject to review at the Company's Annual General Meeting or sooner should
alternative executive directors be appointed.

The Board is continuing to discuss with shareholders the requisitioned
resolutions to appoint Nicholas Lee and Paddy Dean to the Board and will
update shareholders on their recommendation as soon as possible.

 

 Satsuma Technology PLC                                               via Data Counsel

 Data Counsel

 Steffan Williams                                                     satsuma@datacounsel.uk (mailto:satsuma@datacounsel.uk)

 William Barker

 

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