REG - Eurowag - Directorate Changes and AGM Update

WAG Payment SolutionsAnnouncement

25/04/2023 07:00

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RNS Number : 2878X  Eurowag  25 April 2023

25 April 2023

 

W.A.G payment solutions plc

 

(the "Company")

 

Directorate Changes and AGM Update

 

Appointment of Steve Dryden

 

The Company is pleased to announce the appointment of Steve Dryden, as an
Independent Non-Executive Director of the Company with effect from 1 June
2023. He will also be appointed as the Chairman of the Audit and Risk
Committee, and as a member of both the Remuneration Committee and the
Nomination Committee, with effect from the same date.

 

Steve is a highly regarded and experienced business leader who brings
significant financial and audit leadership experience and business acumen to
the Board. Most recently, Steve served as Chief Executive Officer of Flint
Group Holdings SARL and has previously held the position of Group Finance
Director of DS Smith plc. Steve achieved his professional accountancy
qualification with Price Waterhouse and holds a degree in chemical engineering
from Leeds University.

 

Commenting on the appointment, the Company's Chairman, Paul Manduca, said:
"Steve is an exceptional candidate. I am absolutely delighted to welcome him
to the Board. He has extensive knowledge and experience which will further
strengthen the Board's discussions and oversight."

 

The Directors have determined that Steve is independent and making that
determination, the Directors have concluded that there are no other
relationships or circumstances which are likely to affect his judgement and
that any relationships or circumstances which could appear to do so were not
considered to be material. In accordance with Listing Rule 9.6.15, the Company
confirms that there are no further details to be disclosed pursuant to Listing
Rule 9.6.13.

 

Resignation of Caroline Brown

 

The Company further announces that Caroline Brown does not intend to seek
re-election to the Board at the Company's Annual General Meeting ('AGM') on 11
May 2023. Caroline will formally retire from the Board at the conclusion of
the AGM to pursue other business interests.

 

The Chairman, Paul Manduca, said: "On behalf of the Board, I would like to
thank Caroline for her commitment and contribution to the Board and its
Committees. She has brought extensive financial industry experience and has
provided excellent guidance and counsel to the Board and the Audit and Risk
Committee."

 

For the purposes of section 430(2B) of the Companies Act 2006, Caroline will
receive her pro rata entitlement to non-executive Director fees for the month
of May 2023 and is not entitled to any payments for loss of office.

 

Withdrawal of AGM Resolution

 

Following Caroline's decision to retire from the Board of the Company on 11
May 2023, the Board confirms that it is withdrawing the resolution to re-elect
Caroline Brown as a Director of the Company (Resolution 9 of the Company's
Notice of AGM dated 12 April 2023).

 

The proposed withdrawal of Resolution 9 does not otherwise affect the validity
of the Notice of AGM, the proxy form or any proxy votes already submitted on
other resolutions. The numbering of all other proposed resolutions at the AGM
will remain unchanged.

 

ENQUIRIES:

 

Eurowag

 

Carla Bloom

Head of Investor Relations and Communications
+44 (0) 789 109 4542
investors@eurowag.com (mailto:investors@eurowag.com)

 

Instinctif Partners

 

Tim McCall, Galyna Kulachek, Bryn Woodward

IR and international media

+44 (0)20 7457 2020
eurowag@instinctif.com (mailto:eurowag@instinctif.com)

About Eurowag

Eurowag was founded in 1995 and is a leading pan-European integrated payments
and mobility platform focused on the Commercial Road Transportation ("CRT")
industry. Eurowag's innovative solutions makes life simpler for small and
medium businesses in the CRT industry across Europe through its unique
combination of payments solutions, seamless technology, a data-driven digital
ecosystem and high-quality customer
service.       https://investors.eurowag.com
(https://investors.eurowag.com/)

 

ends/all

 

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