REG - Gear4music - Board Succession Update

Gear4music (HOLDINGS)Announcement

05/07/2024 13:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240705:nRSE3638Va&default-theme=true

RNS Number : 3638V  Gear4music (Holdings) PLC  05 July 2024

05 July 2024

 

Gear4music (Holdings) plc

 

Board Succession Update

Gear4music (Holdings) plc ("Gear4music", "the Company" or "the Group"), the
largest UK based online retailer of musical instruments and music equipment,
is pleased to confirm the appointments effective today of Neil Catto as Senior
Independent Director ('SID') and Sharon Daly as Non-Executive Director, as
previously disclosed.

In addition, Ken Ford (Non-Executive Chair) and Dean Murray (NED) have today
stepped down from the Board after reaching the end of their nine-year tenure.

Neil Catto, CFO of Revolution Beauty Group Plc and former CFO of BooHoo Group
plc, joins the board as SID, and Sharon Daly, NED of Warpaint London PLC and
Brickability Group Plc, joins as NED.

 

Neil Catto, Senior-Independent Director of Gear4music said:

"I am thrilled to be joining Gear4music at this exciting time in the Company's
journey. Gear4Music has the enviable position of being the UK's premier
retailer of musical instruments and equipment and this is a fantastic platform
to build from. I look forward to working alongside Andrew and the rest of the
Board to drive further profitable growth in the business.

Together, I am confident we will continue to drive Gear4music forward while
staying true to the principles that have made it a leader in its field."

 

- Ends -

Enquiries:

 Gear4music                                             +44 (0)20 3405 0205

 Andrew Wass, Executive Chair

 Chris Scott, Chief Financial Officer

 Singer Capital Markets - Nominated Adviser and Broker  +44 (0)20 7496 3000

 Peter Steel/Sam Butcher, Corporate Finance

 Tom Salvesen, Corporate Broking

 Alma - Financial PR                                    +44 (0)20 3405 0205

 Rebecca Sanders-Hewett                                 Gear4music@almastrategic.com

 Joe Pederzolli

 David Ison

 

Note: the Company confirms that there is no update to the information
previously disclosed regarding the appointments of Neil Catto and Sharon Daly,
as required under Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

Following the changes, the Gear4music board now comprises effective today:

·    Andrew Wass - Executive Chair

·    Gareth Bevan - Chief Executive Officer

·    Chris Scott - Chief Financial Officer

·    Neil Catto - Senior Independent Director, Audit Committee chair and
member of the Remuneration Committee

·    Harriet Williams - Independent Non-Executive Director, Remuneration
Committee Chair and member of the Audit Committee

·    Sharon Daly - Independent Non-Executive Director and member of the
Audit Committee and Remuneration Committee

About Gear4music (Holdings) plc

Operating from a Head Office in York, Distribution Centres in York, Bacup,
Sweden, Germany, Ireland & Spain, and showrooms in York, Bacup, Sweden
& Germany, the Group sells own-brand musical instruments and music
equipment alongside premium third-party brands including Yamaha, Roland and
Roland, to customers ranging from beginners to musical enthusiasts and
professionals, in the UK, Europe and the Rest of the World.

Having developed its own e-commerce platform, with multilingual, multicurrency
websites delivering to over 190 countries, the Group continues to build its
overseas presence.

 

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  BOAFLFLFDLIEIIS