Non-Executive Chairman Resignation and Appointment

RNS Number : 8433L

SpaceandPeople PLC

24 April 2018

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

24 April 2018

SpaceandPeople plc

("SpaceandPeople" or the "Company")

Non-Executive Chairman Resignation and Appointment

SpaceandPeople (AIM:SAL), the retail, promotional and brand experience specialist, announces the intention of Charles Hammond to retire as Non-Executive Chairman with effect from 29 June 2018. Mr. Hammond will be succeeded as Non-Executive Chairman by George Watt who has served as a Non-Executive Director of the Company since 2014.

Mr. Hammond stated "It has been a pleasure to Chair the Company for almost four years, during which we have achieved a level of growth and stability in the business, a focused strategy for the future and a strong Board and senior executive team capable of implementing it.  I am delighted to announce that the Board has agreed to appoint George Watt as my successor and I wish everyone in the Company and its shareholders every success for the future".

Matthew Bending, Chief Executive Officer, said "I would like to thank Charles on behalf of the Board for his help and guidance over the last four years. He has been unrelenting in ensuring the management team focused on the core strengths of the business, and has been an excellent Chairman.  We wish him well in his continuing role as CEO of Forth Ports. The fact that George Watt is replacing him allows both continuity and a fresh perspective for the Company. With huge experience in both the City and Media worlds as Chief Financial Officer of STV Group plc, George is well placed to give advice and guidance to the Board and represent shareholders' interests in the future. We thank him for taking on this position".

For further information, contact:

SpaceandPeople Plc	0845 241 8215
Matthew Bending Gregor Dunlay
Cantor Fitzgerald Europe	020 7894 7000
David Foreman, Will Goode (Corporate Finance)
Alexander Pollen (Sales)

About SpaceandPeople plc:

SpaceandPeople facilitates and manages promotional space for marketing campaigns and retailing in shopping centres, railway stations, retail parks, airports and other high footfall locations. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company operates in the UK and Germany and also in India.

www.spaceandpeople.com

 

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