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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April 27, 2020 02:00 ET (06:00 GMT)

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