REG - TheWorks.co.uk PLC - Directorate Change

Works co ukAnnouncement

01/11/2024 07:00

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RNS Number : 4763K  TheWorks.co.uk PLC  01 November 2024

1 November 2024

TheWorks.co.uk plc

("The Works", the "Company" or the "Group")

Directorate change

Simon Hathway appointed Independent Non-Executive Director.

TheWorks.co.uk plc, the family-friendly value retailer of arts, crafts, toys,
books and stationery, announces the appointment of Simon Hathway as
Independent Non-Executive Director, effective 1 November 2024. This follows
the announcement on 1 August 2024 that after six years on the Board, Catherine
Glickman would not seek re-election at the Annual General Meeting, which took
place on 31 October 2024.

In addition to joining the Board, Simon has been appointed Chair of the
Remuneration Committee and member of the Audit and Nomination Committees.

With over 27 years' experience in international retail across the UK, Europe
and Asia, and having spent the last 17 years within the discount sector, Simon
is a highly experienced value retail executive and advisor. He has held senior
positions at prominent value retailers, most recently between 2013 and 2018 as
Buying Director and Commercial Director with Action Holding BV, one of
Europe's fastest growing non-food discount retailers, and, prior to that,
Wilko, where he held several key Operating Board positions. Since 2018, Simon
has worked as a self-employed Retail Advisor, Consultant and Non-Executive
Director, specialising in the value retail sector.

Simon is currently a retained Senior Advisor to JJA, Europe's leading supplier
of homeware products, and Non-Executive Chair of Rove, a SaaS start-up helping
consumer brands to expand internationally. Through his retail advisory and
consultancy business, Simon advises a range of European discount businesses
and Private Equity clients on areas including strategy, positioning and
international expansion.

Steve Bellamy, Chair of The Works, said: "Simon's extensive value retail
experience will prove invaluable at a pivotal moment for the business as we
look to capitalise on growth opportunities, refine our strategic priorities
and deliver increased shareholder value. On behalf of the Board, I am
delighted to welcome Simon to The Works and look forward to drawing on his
experience as we embark on this next chapter."

Simon Hathway said: "The Works is a fantastic retailer, with a strong value
proposition, loyal customer base and plenty of untapped potential. I look
forward to working with the Board and management team to help the business
realise its full potential in the years ahead."

 Enquiries:

 TheWorks.co.uk plc            via Sanctuary Counsel

 Gavin Peck       CEO

 Rosie Fordham CFO

 Singer Capital Markets (Nomad and Broker)             020 7496 3000

 Peter Steel

 Jalini Kalaravy

 Sanctuary Counsel                                     0207 340 0395

 Ben Ullmann                                           theworks@sanctuarycounsel.com (mailto:theworks@sanctuarycounsel.com)

 Rachel Miller

 Kitty Ryder

 

Additional information in respect of the AIM Rules

The following information regarding the appointment of Simon Anthony Hathway
(aged 49) is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules
for Companies ("AIM Rules"):

 Current directorships/partnerships  Past directorships/partnerships
 Retailise Limited                   John Mills Limited

 Rove Global Limited                 Retailise BV

                                     Bamboo Rose LLC

 

As at the date of this announcement, Simon Hathway holds no ordinary shares in
the Company.

Save as set out above, there is no further information to be disclosed in
respect of Simon Hathway under Schedule 2(g) of the AIM Rules for Companies.

 

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