Property Franchise Group PLC (The) Appointment of CEO Designate (8379C)
13 Febrero 2020 - 1:01AM
UK Regulatory
TIDMTPFG
RNS Number : 8379C
Property Franchise Group PLC (The)
13 February 2020
13 February 2020
THE PROPERTY FRANCHISE GROUP PLC
("TPFG", the "Company" or the "Group")
Appointment of CEO Designate
The Property Franchise Group PLC (AIM:TPFG), one of the UK's
largest property franchises, is delighted to announce the
appointment of Gareth Samples as Chief Executive Officer Designate,
further to the announcement on 31 July 2019 that Ian Wilson intends
to retire in 2020. It is proposed that Gareth will join the board
of TPFG as Chief Executive Officer in the second half of 2020,
enabling an orderly handover period from Ian. Gareth has joined the
Group to commence work immediately on key projects alongside the
executive management team.
With 30 years' industry experience, Gareth brings a wealth of
Estate Agency, Financial Services and digital marketing knowledge
to the Group. In his 21 year career at LSL Gareth was appointed
Managing Director of the Your Move brand, which was the largest
single brand estate agency in the UK at the time. In this role he
was responsible for Your Move's franchise operation as well as
having overall control of Financial Services and Lettings and the
strategy of the brand.
Following his successful career at LSL, Gareth became Managing
Director of Briefyourmarket.com where he gained significant digital
marketing experience and knowledge and since 2014 he has served as
Chairman of Legalforlandlords.
The Company will make a further announcement regarding Gareth's
formal appointment in due course.
Richard Martin, Non-Executive Chairman of The Property Franchise
Group, commented: "I'm enormously pleased to announce the
appointment of Gareth as CEO Designate. Gareth's excellent
credentials in agency are well known and his vision and experience
will prove invaluable as the Board endeavour to maximise the many
and exciting opportunities that present themselves to our
group."
Ian Wilson, Chief Executive Officer of The Property Franchise
Group, commented: "After 16 years with the business, identifying my
successor was a significant decision. We have benefitted from a
tight and stable board since the IPO in December 2013, with no
change in Chairman, CEO or CFO and this board has proven to be an
engine for growth. We are delighted that Gareth is joining the team
as CEO Designate, as he brings a wealth of industry experience and
shares our vision of franchising as a powerful force in our
industry. Gareth will be working alongside me and the rest of our
team over the coming months in preparation for his formal
appointment later this year. Gareth will be introduced to investors
at our final results roadshow in April."
Gareth Samples commented: "I am thrilled to be joining The
Property Franchise Group. The business is at a very exciting stage
in its growth strategy with the recent launch of its financial
services division alongside a huge opportunity to grow and improve
its franchise footprint. I am really looking forward to working
with Ian and his team ahead of my formal appointment and I am
determined to build further upon the incredible work carried out by
Ian and the team."
The information contained within this announcement (the
"Announcement") is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014. Upon the publication of this Announcement via
Regulatory Information Service, this inside information is now
considered to be in the public domain.
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
Rebecca Sanders-Hewett 0203 405
Jessica Joynson 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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