REG - Tandem Grp PLC - Directorate Change and Relationship Agreement

TandemAnnouncement

17/10/2024 11:30

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RNS Number : 6250I  Tandem Group PLC  17 October 2024

17 October 2024

 

Tandem Group plc

(the 'Company' and together with its subsidiaries the 'Group')

Directorate Change and Relationship Agreement

 

Tandem Group plc (AIM: TND), designers, developers, distributors and retailers
of sports, leisure and mobility equipment, is pleased to announce that Simon
Bragg has been appointed as Non-Executive Director of the Company with
immediate effect.

Simon is a Chartered Accountant (ACA) and an experienced financial services
executive, entrepreneur, and investor. He has held a number of significant
roles throughout his career, including at Hoare Govett, Cargill Financial
Markets and HSBC.

In 2002, Simon co-founded Oriel Securities, which became a leading UK
independent broker dealer. Following its sale to Stifel Financial in 2014,
Simon served as Chairman and Chief Executive of Stifel Europe, overseeing the
integration of European operations. In 2016, Simon co-founded JSB Energy
Partners, focusing on energy investments in Western Europe. Simon has also
held multiple non-executive roles, including serving as a Non-Executive
Director of JP Morgan American Investment Trust, a FTSE 250 company and
Chairman of Trap Oil, an AIM-listed oil and gas business.

More recently, Simon has become actively involved in investing in various
businesses, such as Intralink Group.  He continues to serve on charity and
advisory boards and has significant governance and advisory experience across
private and public markets.

In connection with his appointment to the Board, Mr Bragg has entered into a
Relationship Agreement with the Company. The purpose of the Relationship
Agreement, which will remain in force for so long as Mr Bragg is a Director of
the Company, is to ensure that the Company is capable of carrying on its
business independently at all times.

Stephen Grant, Non-Executive Chairman of the Company, commented:

"I am pleased to welcome Simon to the Board. He brings highly relevant
experience acting for several listed companies alongside his strategic
insight, which will prove invaluable as we grow and develop our business and
look for new opportunities. I look forward to working with Simon over the
coming years."

Simon Bragg, added:

"As a long-standing shareholder of the Company, I have long been attracted by
its strong underlying value. In joining the Board, I now look forward to
playing my full part to help deliver Tandem's potential and to enhance value
for shareholders."

 

For further information:

 Enquiries:

Tandem Group plc

Peter Kimberley, Chief Executive Officer

Gurvinder Kaur, Chief Financial Officer

Telephone 0121 748 8075

 

Nominated Adviser

Cavendish Capital Markets Limited

Ben Jeynes / Dan Hodkinson - Corporate Finance

Michael Johnson / Charlie Combe - Sales and Equity Capital Markets

Telephone 020 7220 0500

 

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In addition to his appointment to the Tandem Board, Simon William Bragg, aged
60, holds or has held the following directorships or partnerships in the past
five years.

 

Simon is currently interested in 939,971 ordinary shares in the Company,
representing 17.18% of the Company's issued ordinary share capital.

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