REG - Property FranchiseGp - Directorate Change

Property FranchiseAnnouncement

10/09/2024 07:15

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RNS Number : 5095D  Property Franchise Group PLC (The)  10 September 2024

10 September 2024

 

THE PROPERTY FRANCHISE GROUP PLC

("TPFG", the "Company" or the "Group")

 

Directorate Change

 

The Property Franchise Group is pleased to confirm that following a thorough
process, the Board is delighted to announce the appointment of Ben Dodds to
succeed David Raggett as Chief Financial Officer ("CFO") on 1 January 2025.
Ben will join the Company on 1 October 2024 as CFO designate.  David will
continue to support the Board and will be involved in overseeing a number of
projects when he steps down from the Board.

Ben was previously Chief Financial Officer at Lotus Cars and was integral to
the flotation of the Lotus Technology business on NASDAQ at a value of $5.4
billion. At Lotus he was also heavily involved in developing the growth plan
under the current owners and returning the business to profitability in
2023.  Prior to Lotus, Ben was Director of Strategy and Commercial Finance at
Sunseeker International where he oversaw the restructuring and return to
profitability. He is a Chartered Accountant, having qualified with PwC.

 

Commenting on the appointment Gareth Samples, Chief Executive Officer at The
Property Franchise Group said: "I am delighted to welcome Ben to the
Group. As we finalise the integration of the acquisitions and focus on future
growth, Ben's credentials made him the standout candidate. It is testament to
the ambition of the Group that we have been able to secure his services and I
am excited to start working with him on the next chapter of our story."

 

For further information, please contact:

 

 The Property Franchise Group PLC                                 01202 405 549

 Gareth Samples, Chief Executive Officer

 David Raggett, Chief Financial Officer

 Canaccord Genuity Limited (Nominated Adviser and Joint Broker)    020 7523 8000

 Max Hartley

 Harry Rees

 Singer Capital Markets (Joint Broker)                             020 7496 3000

 Rick Thompson

 James Fischer

 Alma Strategic Communications                                     020 3405 0209

 Justine James                                                    propertyfranchise@almastrategic.com

 Joe Pederzolli

 Kinvara Verdon

 

About The Property Franchise Group PLC:

 

The Property Franchise Group PLC (AIM: TPFG) is the UK's largest multi-brand
property franchisor, with a network of over 1,946 outlets delivering high
quality services to residential clients, combined with an established
Financial Services business.

 

The Company was founded in 1986 and has since strategically grown to a diverse
portfolio of 18 brands operating throughout the UK, comprising longstanding
high-street focused brands and two hybrid brands. The Property Franchise Group
is also a member of two leading mortgage networks through its mortgage
brokers, Brook Financial (MAB) and The Mortgage Genie (Primis).

 

TPFG's brands are: Belvoir, CJ Hole, Country Properties, Ellis & Co,
EweMove, Fine & Country, Hunters, Lovelle, Martin & Co, Mr and Mrs
Clarke, Mullucks, Newton Fallowell, Nicholas Humphreys, Northwood, Parkers,
The Guild of Property Professionals and Whitegates.

 

Headquartered in Bournemouth, the Company was listed on AIM on the London
Stock Exchange in 2013 and entered the AIM 100 in July 2024.

 

More information is available at www.propertyfranchise.co.uk
(http://www.propertyfranchise.co.uk/)

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