REG - Videndum PLC - Directorate Change

VidendumAnnouncement

26/09/2023 07:00

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RNS Number : 5973N  Videndum PLC  26 September 2023

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26 September 2023

Videndum plc

 

Directorate Change

 

The Board of Videndum plc announces that Ian McHoul, Chairman, has informed
the Board of his intention not to seek re-election at the Company's 2024 AGM
due to personal reasons. The Board respects Ian's wishes and thanks him for
his service and his leadership over the last four years, navigating the Group
through the pandemic, the strategic development of its portfolio, and more
recently, the challenging macroeconomic environment and the strikes by the US
writers and actors.

 

The Board has commenced a search process for a replacement that will be led by
Richard Tyson, Senior Independent Director.

 

Ian McHoul was appointed to the Board on 25 February 2019 and succeeded as
Chairman on 21 May 2019.

Ian McHoul, Chairman, said:

"I am very pleased with the progress reshaping the Videndum Board, and believe
that we are well placed to govern and steer the Group through the current
challenging macroeconomic environment and onto its next stage of growth, once
the strikes have ended."

Stephen Bird, Group Chief Executive, said:

"On behalf of the Board, I would like to thank Ian for his valuable
contribution during his time as Chair. He has led the Board during a period of
significant growth and change for the Company. We have started our search for
a new Chair and will make an announcement in due course."

 

In accordance with section 430(2B) of the Companies Act 2006, the Company
confirms that, other than fees accrued up to the date of cessation, no
remuneration payment will be made by the Company to Ian McHoul after he ceases
to be a Non-Executive Director and Chairman, nor will any payment for loss of
office be made. This information will be made available on the Company's
website until its next Directors' Remuneration Report is made available.

 

 For more information please contact:
 Videndum plc                                     Telephone: 020 8332 4602
 Stephen Bird, Group Chief Executive
 Andrea Rigamonti, Group Chief Financial Officer
 Jennifer Shaw, Group Communications Director

 

Notes to Editors:

Videndum is a leading global provider of premium branded hardware products and
software solutions to the growing content creation market. We are organised in
three Divisions: Videndum Media Solutions, Videndum Production Solutions and
Videndum Creative Solutions.

Videndum's customers include broadcasters, film studios, production and rental
companies, photographers, independent content creators, gamers, professional
musicians and enterprises. Our product portfolio includes camera supports,
video transmission systems and monitors, live streaming solutions, smartphone
accessories, robotic camera systems, prompters, LED lighting, mobile power,
carrying solutions, backgrounds, motion control, audio capture, and noise
reduction equipment.

We employ around 1,700 people across the world in 11 different countries.
Videndum plc is listed on the London Stock Exchange, ticker: VID.

More information can be found at: https://videndum.com/
(https://videndum.com/)

LEI number: 2138007H5DQ4X8YOCF14

 

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