REG - Sosandar PLC - Board Changes and Change of Auditor

SosandarAnnouncement

18/08/2022 07:00

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RNS Number : 3682W  Sosandar PLC  18 August 2022

 Date:             18 August 2022
 On behalf of:     Sosandar plc ('Sosandar' or 'the Company')
 Embargoed until:  0700hrs

 

Sosandar plc

 

Board Changes & Change of Auditor

 

Sosandar PLC (AIM: SOS), one of the fastest growing fashion brands in the UK
creating quality, trend-led products for women of all ages, is delighted to
announce the appointment of Lesley Watt to the Company's Board as a
Non-Executive Director effective from 1 September 2022.

 

Lesley is as an experienced commercial CFO and Finance Director with over 25
years in Board and senior finance positions across private, public and third
sectors, including Scottish and Newcastle plc and latterly as CFO of Miller
Developments. She is currently a member of the Tatton Asset Management plc
Board and has significant experience with high growth strategic start-ups and
blue chip companies. Lesley is a Chartered Accountant having qualified with
PWC.

 

In addition, Non-Executive Director, Mark Collingbourne, will step down from
the Board on 1(st) September 2022 having supported the Company as Group
Finance Director and subsequently as a Non-Executive Director.

 

Change of Auditor

 

Sosandar, is also pleased to announce the appointment of Saffery Champness LLP
as the Company's new auditor following a formal tender process. Saffery
Champness LLP has been appointed with immediate effect.

 

This appointment will be recommended for approval by shareholders at the 2022
Annual General Meeting.

 

Jeffreys Henry, the Company's outgoing auditor has confirmed to the Company,
that in accordance with section 519 of the Companies Act 2006, there are no
matters to be brought to the attention of the members or creditors of the
Group.

 

Bill Murray, Non-Executive Chairman, commented:

 

"Firstly, I would like to thank Mark for his valued contributions to the
Company over the past five years, both in his former position as Group Finance
Director and more recently as a Non-Executive Director. The Company has
benefited greatly from his counsel, and we wish him well for the future. I
would also like to offer my thanks to Jeffreys Henry for the support they have
provided during their time as the Company's auditor.

 

"On behalf of the Board and wider Sosandar team, I am very pleased to welcome
Lesley to the Board. She brings a wealth of knowledge and experience with her
which will help facilitate the future progress of the business. The Board
looks forward to working with Lesley as the Group continues to execute on its
growth strategy."

 

 

Enquiries

 Sosandar plc                                                   www.sosandar.com (http://www.sosandar.com/)
 Julie Lavington / Ali Hall, Joint CEOs                         c/o Alma PR
 Steve Dilks, CFO

 Singer Capital Markets                                         +44 (0) 20 7496 3000

 Peter Steel / Kailey Aliyar / Tom Salvesen

 Alma PR Limited (Financial PR)                                 +44 (0) 20 3405 0205
 Susie Hudson / Sam Modlin / Lily Soares Smith / Matthew Young  sosandar@almapr.co.uk (mailto:sosandar@almapr.co.uk)

 

Appendix: disclosures required pursuant to Rule 17 and paragraph (g) of
Schedule Two of the AIM Rules for Companies

Lesley Fiona Watt (aged 57) is currently, or has during the past five years
been, a director of the following companies:

 Current directorships or partnerships  Previous directorships or partnerships
 Scottish Baroque Ensemble Limited      Barony Housing Association

 Glenerne Management Services Limited

 Tatton Asset Management PLC

 

Lesley was a director of Globalfarmers.com Limited from April 2000 until it
went into voluntary receivership in July 2001.

As of the date of this announcement, Lesley Watt holds no ordinary shares in
the capital of the Company.

 

Save as set out in this announcement, there are no further details to be
disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the
AIM Rules for Companies.

 

About Sosandar plc

Sosandar is one of the fastest growing women's fashion brands in the UK
targeting style conscious women who have graduated from price-led
alternatives. The Company offers this underserved audience fashion-forward,
affordable, quality clothing to make them feel sexy, feminine and chic. The
business sells predominantly own-label exclusive product designed in-house.

Sosandar's product range is diverse, providing its customers with an array of
choice for all occasions across all women's fashion categories. The company
sells through Sosandar.com and has brand partnerships in place with Next, John
Lewis, Marks & Spencer and The Very Group.

Sosandar's strategy is to continue growing brand awareness and expand its
customer database whilst also further driving its high levels of customer
retention.  This is achieved through its exceptional products, seamless
customer experience and impactful, lifestyle marketing activities all of which
is underpinned by combining innovation with data analysis.

Sosandar was founded in 2016 and listed on AIM in 2017. More information is
available at www.sosandar-ir.com (http://www.sosandar-ir.com) .

 

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