Property Franchise Group PLC (The) Appointment of Chief Executive Officer (8810K)
27 Abril 2020 - 01:00AM
UK Regulatory
TIDMTPFG
RNS Number : 8810K
Property Franchise Group PLC (The)
27 April 2020
27 April 2020
THE PROPERTY FRANCHISE GROUP PLC
("TPFG", the "Company" or the "Group")
Appointment of Chief Executive Officer
Further to the Company's appointment of Gareth Samples as CEO
Designate in February 2020, the Company is pleased to announce that
Gareth will formally be appointed to the Board as CEO with effect
from 30 April 2020.
Since the time of his appointment Gareth has been working
alongside current CEO Ian Wilson, communicating with franchisees,
participating in the recent final results investor roadshow and
critically, forming strategy on the business' response to the
impact of COVID-19. With an orderly transfer of responsibilities
having been completed Ian will step down from the Board and retire
on 30 April 2020.
With 30 years' property industry experience Gareth brings a
wealth of knowledge to the Group. The Board welcomes his leadership
at this challenging time for the industry, brought about by
COVID-19.
Richard Martin, Non-Executive Chairman of The Property Franchise
Group, commented:
" We reiterate our delight that Gareth has joined the Group at
this critical time and look forward to the benefit of his
leadership as CEO through what will be a changed landscape as a
result of COVID-19. We have obstacles to overcome but also
potentially some new opportunities to seize to return value to all
stakeholders.
"On behalf of the Board of Directors I extend my deep gratitude
and respect for Ian's 16 years of dedicated and expert leadership
at what for the last six years has been TPFG PLC.
"The Board is extraordinarily grateful to Ian for his
stewardship. TPFG has fulfilled the vision of its founders, its
mission of bringing uniformity and influencing raised standards
across the agency sector, much of this driven by the shrewd
commercial acumen of our retiring CEO. We wish Ian a very healthy,
happy and long retirement."
Further information to be disclosed pursuant to Schedule 2,
paragraph (g) of the AIM Rules:
Gareth Meirion Samples, aged 52, is currently or has previously
been a director/partner of the following companies/partnerships
within the past five years.
Current Directorships / Partnerships Previous Directorships / Partnerships
within past five years
Agents Giving (06507703) Professional Credit Management
Limited (06020163)
--------------------------------------
Boostyourmarket Limited (11035148)
--------------------------------------
Fig Equity LLP (OC355797)
--------------------------------------
Manor Farm Properties Limited
(09060153)
--------------------------------------
Morgan Harbour LLP (OC395687)
--------------------------------------
Save as disclosed above, there is no further information
required to be disclosed pursuant to Schedule 2, paragraph (g) of
the AIM Rules.
For further information, please contact:
The Property Franchise Group PLC
Ian Wilson, Chief Executive Officer
David Raggett, Chief Financial Officer 01202 292829
Cenkos Securities plc
Max Hartley, Callum Davidson (Nominated Adviser)
Julian Morse (Sales) 0207 397 8900
Alma PR
Susie Hudson
Justine James 0203 405
Harriet Jackson 0205
About The Property Franchise Group PLC:
The Property Franchise Group PLC (AIM: TPFG) is one of the
largest property franchises in the UK. The Company was founded in
1986 and has since grown to a diverse portfolio of six brands
operating throughout the UK, comprising longstanding high-street
brands and a hybrid, no sale no fee agency.
The Property Franchise Group's brands include:
-- Martin & Co: a national lettings focused brand
-- EweMove: a national, digitally enabled, hybrid sales and
lettings brand
-- CJ Hole: a full-service estate agency serving the West
Country for 151 years
-- Ellis & Co: a full-service estate agency serving London
for 168 years
-- Parkers: a full-service estate agency serving the M4 corridor
for 70 years
-- Whitegates: a full-service estate agency serving the Midlands
and North of England for 40 years
Headquartered in Bournemouth, UK, the Company was listed on AIM
on the London Stock Exchange in 2013. More information is available
at www.propertyfranchise.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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