Board Changes and Change of Auditor

RNS Number : 3682W

Sosandar PLC

18 August 2022

 

Date:	18 August 2022
On behalf of:	Sosandar plc ('Sosandar' or 'the Company')
Embargoed until:	0700hrs

Sosandar plc

Board Changes & Change of Auditor 

Sosandar PLC (AIM: SOS), one of the fastest growing fashion brands in the UK creating quality, trend-led products for women of all ages, is delighted to announce the appointment of Lesley Watt to the Company's Board as a Non-Executive Director effective from 1 September 2022.

Lesley is as an experienced commercial CFO and Finance Director with over 25 years in Board and senior finance positions across private, public and third sectors, including Scottish and Newcastle plc and latterly as CFO of Miller Developments. She is currently a member of the Tatton Asset Management plc Board and has significant experience with high growth strategic start-ups and blue chip companies. Lesley is a Chartered Accountant having qualified with PWC.

In addition, Non-Executive Director, Mark Collingbourne, will step down from the Board on 1^st September 2022 having supported the Company as Group Finance Director and subsequently as a Non-Executive Director.

Change of Auditor

Sosandar, is also pleased to announce the appointment of Saffery Champness LLP as the Company's new auditor following a formal tender process. Saffery Champness LLP has been appointed with immediate effect.

This appointment will be recommended for approval by shareholders at the 2022 Annual General Meeting.

Jeffreys Henry, the Company's outgoing auditor has confirmed to the Company, that in accordance with section 519 of the Companies Act 2006, there are no matters to be brought to the attention of the members or creditors of the Group.

Bill Murray, Non-Executive Chairman, commented :

"Firstly, I would like to thank Mark for his valued contributions to the Company over the past five years, both in his former position as Group Finance Director and more recently as a Non-Executive Director. The Company has benefited greatly from his counsel, and we wish him well for the future. I would also like to offer my thanks to Jeffreys Henry for the support they have provided during their time as the Company's auditor.

"On behalf of the Board and wider Sosandar team, I am very pleased to welcome Lesley to the Board. She brings a wealth of knowledge and experience with her which will help facilitate the future progress of the business. The Board looks forward to working with Lesley as the Group continues to execute on its growth strategy."

Enquiries

Sosandar plc	www.sosandar.com
Julie Lavington / Ali Hall, Joint CEOs	c/o Alma PR
Steve Dilks, CFO
Singer Capital Markets Peter Steel / Kailey Aliyar / Tom Salvesen	[phone]
Alma PR Limited (Financial PR)	[phone]
Susie Hudson / Sam Modlin / Lily Soares Smith / Matthew Young	[e-mail]

Appendix: disclosures required pursuant to Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies

Lesley Fiona Watt (aged 57) is currently, or has during the past five years been, a director of the following companies:

Current directorships or partnerships	Previous directorships or partnerships
Scottish Baroque Ensemble Limited Glenerne Management Services Limited Tatton Asset Management PLC	Barony Housing Association

Lesley was a director of Globalfarmers.com Limited from April 2000 until it went into voluntary receivership in July 2001.

As of the date of this announcement, Lesley Watt holds no ordinary shares in the capital of the Company.

Save as set out in this announcement, there are no further details to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

About Sosandar plc

Sosandar is one of the fastest growing women's fashion brands in the UK targeting style conscious women who have graduated from price-led alternatives. The Company offers this underserved audience fashion-forward, affordable, quality clothing to make them feel sexy, feminine and chic. The business sells predominantly own-label exclusive product designed in-house.

Sosandar's product range is diverse, providing its customers with an array of choice for all occasions across all women's fashion categories. The company sells through Sosandar.com and has brand partnerships in place with Next, John Lewis, Marks & Spencer and The Very Group.

Sosandar's strategy is to continue growing brand awareness and expand its customer database whilst also further driving its high levels of customer retention.  This is achieved through its exceptional products, seamless customer experience and impactful, lifestyle marketing activities all of which is underpinned by combining innovation with data analysis.

Sosandar was founded in 2016 and listed on AIM in 2017. More information is available at www.sosandar-ir.com .

 

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