Appointment of independent non-executive Director

RNS Number : 8007U

Lok'nStore Group PLC

03 August 2020

 

Lok'nStore Group plc ("Lok'nStore" or "the Group")

Strengthening the Board for future growth and appointment of independent non-executive Director

Lok'nStore plc, the fast-growing AIM listed self-storage company, is pleased to announce the following Board changes, positioning the Group for its next stage of significant growth.  With effect from 1 August 2020:

· Neil Newman-Shepherd (43) is promoted to Group Managing Director. Neil has worked in the self-storage industry since 2003 and with Lok'nStore since 2006. Neil has served on the Board since 2015 as Group Sales Director and will now take an increasing level of responsibility for the day to day operations of the business.

·   Andrew Jacobs will become Executive Chairman and will continue to manage the overall strategic direction and property aspects of Lok'nStore.

· Simon Thomas steps down from his current role as Non-Executive Chairman and will continue to serve as non-executive director.

The Board is also delighted to announce the appointment of Jeff Woyda as an independent Non-Executive Director with effect from 1 September 2020.  During his extensive and varied career Jeff has held a number of senior executive positions and is currently Chief Financial Officer and Chief Operating Officer of Clarkson plc, a FTSE 250 company and the world's leading provider of integrated shipping services and investment banking capabilities to the shipping and offshore markets.

Jeff, a qualified accountant, has a strong background in finance and technology and brings to the table 30 years' experience and knowledge of strategic development, financial management, investor relations and corporate governance.

Andrew Jacobs Chairman of Lok'nStore Group said:

"Neil Newman's promotion to Managing Director is well-deserved and reflects in large part the reality of the way we run the business today. Neil's part in the success of Lok'nStore over recent years has been significant and we look forward to his continued contribution to our future growth.

" I would like to express my thanks to Simon Thomas for his many years support in the role of Chairman at Lok'nStore.

" Jeff Woyda's appointment as an independent non-executive brings a wealth of knowledge and experience having held senior roles across multiple disciplines. He will be a valuable addition to the Board as we enter a new period of growth and I look forward to working closely with him."

Jeff Woyda commented:

"Lok'nStore has created an impressive platform in the self-storage sector and I am excited to be joining the business at this next stage of its growth. I look forward to working with the Board and the executive team to maximise the opportunities that lie ahead."

Enquiries:

Lok'nStore Andrew Jacobs, CEO

Ray Davies, Finance Director  01252 521 010

finnCap  Julian Blunt, Giles Rolls, Corporate Finance

Alice Lane, Corporate Broking

020 7220 0500

Camarco Bill Clegg / Tom Huddart

0203 757 4983

Further information on Jeffrey David Woyda FCA, BA Econ. Hons (aged 58):

Current directorships:

H. Clarkson & Company Limited                                                  Clarkson PLC

Clarksons Platou Structured Asset Finance Ltd                         Clarkson Research Holdings Limited

Halcyon Shipping Ltd                                                                     Oilfield Publications Ltd

Clarkson Capital Ltd   LNG UK PLC

Levelseas Ltd Clarkson Shipbroking Group Ltd

Clarkson (Trustees) Limited                                                          Clarkson Overseas Shipbroking Limited

Clarkson Research Services Limited                                            Clarkson Logistics Limited

Clarkson Property Holdings Limited                                            Clarksons Platou Legal Services Limited

Clarkson Tankers Limited  Clarkson Dry Cargo Limited

Clarkson Sale and Purchase Limited                                           Clarkson Shipbrokers Limited

Clarkson Holdings Limited  Clarksons Platou Futures Limited

International Transport Intermediaries Club Limited              Maritech Services Limited

J.O. Plowright & Co. (Holdings) Limited                                     Maritech Holdings Limited

Seafix Limited  Maritech Development Limited

Directorships held within the last five years:

J.O. Plowright & Co. (Holdings) Limited

Clarksons Platou Securities Limited

As at the date of this announcement Mr Woyda is not beneficially interested in any Ordinary Shares in the Company.

There is no further information disclosable in respect of Mr Woyda pursuant to Schedule 2 (g) of the AIM rules for companies.

Ends

 

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