REG - BloomsburyPublishing - Chairman Succession Announcement

Bloomsbury PublishingAnnouncement

23/05/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240523:nRSW5509Pa&default-theme=true

RNS Number : 5509P  Bloomsbury Publishing PLC  23 May 2024

BLOOMSBURY PUBLISHING PLC

("Bloomsbury" or "the Company")

 

Chairman Succession Announcement

 

Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher,
announces that after seven years Sir Richard Lambert has given notice of his
intention to retire as Chairman and step down as Director of the company with
effect from the conclusion of the Annual General Meeting on 16 July 2024.
John Bason, current Independent Non-Executive Director, will succeed Richard
as Chairman, subject to re-election as a director.

 

John Bason joined the Bloomsbury Board on 1 April 2022 and became Chair of the
Remuneration Committee on 20 July 2022. He is a Chartered Accountant and
brings a wealth of experience from his 40-year career in finance and
international business. He was Finance Director at Associated British Foods
plc from May 1999 until 28 April 2023. He was also formerly Non-Executive
Director and Senior Independent Director at Compass Group PLC and a Trustee of
Voluntary Service Overseas. He is an Independent Non-Executive Director and
Chair of the Audit Committee at SSE plc, Chairman of the Primark Strategic
Advisory Board and Chairman of the UK's leading food redistribution charity
FareShare.

 

Sir Richard Lambert commented: "After seven exciting years, this is a good
moment for change. I am very happy that the Board has proposed our colleague
John Bason to succeed me as Chairman. John is someone with an immense
experience of business, which he combines with the essential Bloomsbury
qualities of independence, integrity and ambition. I shall very much enjoy
watching the company's continued progress under his leadership in the years
ahead."

 

Nigel Newton, Chief Executive of Bloomsbury, commented: "Sir Richard Lambert
has been an exceptional Chairman over the last seven years. We are immensely
grateful for his insight, sage and generous counsel and support, which have
helped Bloomsbury achieve so much during his tenure. Richard will be succeeded
by John Bason, subject to shareholder approval. John joined the Board two
years ago and brings a depth of financial and business knowledge to help
Bloomsbury reach its ambitious goals."

 

John Bason, Non-Executive Director and incoming Chairman of Bloomsbury,
commented:

"The strong development of Bloomsbury over the last seven years owes so much
to the stewardship of, and support from, Sir Richard Lambert as Chairman. I am
honoured to be asked to take over as Chairman of this vibrant and
entrepreneurial publisher and will endeavour to continue that support as
Bloomsbury looks ahead to achieve its ambitions for further growth."

 

For further information, please contact:

 Bloomsbury Publishing Plc
 Tamsin Garrity, Head of Investor Relations     tamsin.garrity@bloomsbury.com
 Hudson Sandler                                 +44 (0) 20 7796 4133
 Dan de Belder / Hattie Dreyfus / Emily Booker  bloomsbury@hudsonsandler.com (mailto:bloomsbury@hudsonsandler.com)

 

The information contained within this announcement is deemed by the Group to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is now
considered to be in the public domain.

The information in this announcement has not been audited or otherwise
independently verified and no representation or warranty, express or implied,
is made as to, and no reliance should be placed on, the fairness, accuracy,
completeness or correctness of the information or opinions contained herein.
None of the Company or any of its affiliates, advisors or representatives
shall have any liability whatsoever (in negligence or otherwise) for any loss
whatsoever arising from any use of this announcement, or its contents, or
otherwise arising in connection with this announcement.

This announcement does not constitute or form part of any offer or invitation
to sell, or any solicitation of any offer to purchase any shares in the
Company, nor shall it or any part of it or the fact of its distribution form
the basis of, or be relied on in connection with, any contract or commitment
or investment decisions relating thereto, nor does it constitute a
recommendation regarding the shares of the Company.

Certain statements, statistics and projections in this announcement are or may
be forward looking. By their nature, forward‑looking statements involve a
number of risks, uncertainties or assumptions that may or may not occur and
actual results or events may differ materially from those expressed or implied
by the forward-looking statements. Accordingly, no assurance can be given that
any particular expectation will be met and reliance should not be placed on
any forward-looking statement. Accordingly, forward-looking statements
contained in this announcement regarding past trends or activities should not
be taken as representation that such trends or activities will continue in the
future. You should not place undue reliance on forward-looking statements,
which are based on the knowledge and information available only at the date of
this announcement's preparation.

The Company does not undertake any obligation to update or keep current the
information contained in this announcement, including any forward‑looking
statements, or to correct any inaccuracies which may become apparent and any
opinions expressed in it are subject to change without notice.

References in this announcement to other reports or materials, such as a
website address, have been provided to direct the reader to other sources of
information on Bloomsbury Publishing Plc which may be of interest. Neither the
content of Bloomsbury's website nor any website accessible by hyperlinks from
Bloomsbury's website nor any additional materials contained or accessible
thereon, are incorporated in, or form part of, this announcement.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAQKBBBCBKDNPB