Directorate Change

Adnams PLC

07 July 2023

 

Adnams plc

7 July 2023

Adnams plc

Directorate Change

Adnams plc (the "Company") announces the following changes to its Board of Directors, having previously announced the intention on 8^th February 2023.

Retirement of Non-Executive Directors

Michael Guy Heald

Guy Heald retired as a non-executive director of the Company at the Company's annual general meeting this year, held on 30 June 2023. Guy joined the Board in April 2015 and is a long-term supporter of the Company. His family has been involved with Adnams since its very early days and is a major shareholder. Guy suggested that he be succeeded by his son, Andrew Heald, and Andrew's appointment was approved at the annual general meeting (see below).

Dr. Andy Wood OBE, Chief Executive said:

"We would like to thank Guy and his family for their longstanding support as shareholders and more recently as a Board member underpinning our long-term approach to business. The Company wishes Guy the very best for the future and we are sure he will continue to take a keen interest in the Company's journey going forward."

Guy Heald said:

"It has been a pleasure to be able to support Adnams as both a shareholder and a director over the years and although I feel it is now time for me to retire as a director, I will continue to be a dedicated long term shareholder."

Nicola Dulieu

In accordance with good corporate governance, Nicola Dulieu retired as a non-executive director of the Company at the Company's annual general meeting held on 30 June 2023, having been in office for over nine years.

Dr. Andy Wood OBE, Chief Executive said:

"Nicky joined the Adnams Board in May 2014 and has provided invaluable support to the Company during her tenure, both as a non-executive director and as Chair of the Company's Remuneration Committee. The Company wishes her health, happiness and success in the future."

Nicky Dulieu said:

"It has been a pleasure to be able to support Adnams over the last nine years and I wish the Company every success going forward."

Appointment of Non-Executive Director

Andrew Heald

Andrew Heald's appointment as a Non-Executive Director of the Company was approved at the Company's annual general meeting, held on 30 June 2023. Andrew currently holds several other directorships including being a director of Fisher Gin and Hotel Folk.

Andrew has extensive experience in hospitality and distilling and brings complementary skills and experience to the Board, having been involved with Fisher Gin and Hotel Folk for many years.

Dr Andy Wood OBE DL, Chief Executive Officer, said:

"I am pleased that Andrew has agreed to join the Adnams Board following Guy's retirement. His family's support has been invaluable to the Company from the beginning and we look forward to working with Andrew, as an important link to the history and the future of the Company, with new ideas and opportunities whilst maintaining the values that makes Adnams what it is."

Andrew Heald said:

"I am delighted to join the Adnams' Board at this exciting time and to be part of my family's long association with the Company and everything it stands for."

Interests in the Securities of the Issuer

Andrew Heald holds 2,328 A Ordinary Shares of the Company, and so already holds the £25 (nominal value) of Ordinary Shares in the Company required to be held by a director in accordance with the Company's articles of association.

Current directorships and partnerships:

CARRICK CAPITAL (UK) LIMITED

EGERTON STUD LIMITED

THE HOTEL FOLK LIMITED

FISHERS GIN LTD

SAGITTARIUS ROYAUME-UNI LIMITED

ZAKARI INVESTMENTS LIMITED

ZAKARI WINES LIMITED

JENNINGS UNDERWRITING LIMITED

Past directorships and partnerships held within the last five years:

EGERTON BLAIN TRADING LLP

OLD SPORT LIMITED

SAGITTARIUS WORLD LIMITED

YAAD RUM LTD

Details of any compulsory liquidations where the new director was a director at the time of, or within the 12 months preceding, such events.

ALEXIE DESIGN AND CONSTRUCTION LIMITED

SAGITTARIUS WORLD LIMITED

There are no other matters which are required to be announced pursuant to paragraph 4.9 of the AQSE Growth Market Access Rulebook.

Enquiries:

For further information please contact [e-mail]

Notes to editors:

Adnams is a company defined by its values which can be summarised as "doing things right". It has been brewing for over 150 years and produces a range of award winning spirits, cask, keg and bottled beers, which are available in pubs and supermarkets nationwide. The Company has unlisted 'A' Ordinary Shares and its 'B' Ordinary Shares are traded on the AQSE Growth Market.

Twitter:            twitter.com/adnams

Facebook:       www.facebook.com/Adnams

Instagram:       www.instagram.com/adnams/

YouTube:        www.youtube.com/user/AdnamsSouthwold

Website:          www.adnams.co.uk

 

END