29 November 2023

RBG Holdings plc

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

Directorate Change

RBG Holdings plc (AIM: RBGP), the professional services group, announces that Kevin McNair, currently Interim Finance Director, has been appointed to the Board as Chief Financial Officer (CFO) with immediate effect.   

Kevin replaces Suzanne Drakeford-Lewis, who resigned from her role on 27 June 2023, to take a six-month sabbatical for personal reasons. She has now confirmed to the Board her decision not to return in 2024.

Kevin has more than 25 years' experience in financial management and capital markets. He has spent the past 18 years as Finance Director and Chief Financial Officer of publicly quoted and privately-owned businesses, including most recently as interim CFO at Ebiquity plc, and as CFO at GYG Plc.

Marianne Ismail, Chair, RBG Holdings, said:

"Kevin has made a real impact since he was appointed as Interim Finance Director in June. We are delighted he has agreed to join the Board as Chief Financial Officer, bringing with him a wealth of public markets expertise, as we deliver our strategy to restore value to the Group, and reduce its debt.  We would like to thank Suzanne for the contribution she has made since joining in 2019."

Kevin McNair commented: 

"I have really enjoyed working with Jon and the management team and am delighted to be joining the Board on a permanent basis. A huge amount of work has been done to de-risk and simplify the business.  RBG is a profitable and highly cash generative company, and I am excited about the Group's future prospects."

Regulatory disclosures in relation to the appointment of Kevin McNair as required under Schedule 2(g) of the AIM Rules for Companies can be found at the foot of this announcement.

Enquiries:

About RBG Holdings plc

·    Further information about RBG Holdings plc is available at:  www.rbgholdings.co.uk

·    Further information about Rosenblatt (founded in 1989) is available at:  www.rosenblatt.co.uk

·  Further information about Memery Crystal (founded in 1979) is available at:  www.memerycrystal.com

·    Further information about Convex Capital (founded in 2010) is available at:  www.convexcap.com

Additional Information

The following information is being disclosed pursuant to Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies.

Kevin Hayes McNair, aged 57, is, or has during the last five years been, a director or partner of the following companies and partnerships:

In addition to the above, Kevin McNair was:

·      appointed a Director of Angel Mining plc on 24 May 2010. The company was placed into administration on 27 February 2013 and then creditors voluntary liquidation on 16 December 2014. The company was subsequently dissolved on 20 November 2018 with £532,467 owing to unsecured creditors.

·      appointed a Director of Boxwood Group Limited on 1 April 2003. On 15 December 2005, the business and assets of Boxwood Group Limited were acquired by Boxwood Limited as part of a pre-pack administration. There was no shortfall to creditors;

·      appointed a Director of Rame Energy plc on 22 January 2015. The company was placed into administration on 5 August 2016;

·      appointed a Director of Rame Solar One Limited on 10 August 2016. The company was placed into administration on 11 August 2016 and subsequently moved to creditors voluntary liquidation on 2 September 2017. The company was dissolved on 27 August 2021 with £572,670 owing to unsecured creditors.

·      appointed a Director of Certainty Group Security Services (Holdings) Limited and Certainty Group Total Facilities Management (Holdings) Limited up until his resignation in December 2005. The Company was placed into administration on 1 May 2006, entered members voluntary liquidation on 14 November 2007 and was subsequently dissolved on 9 September 2008 with no outstanding owing to unsecured creditors.

·      appointed a Director of Certainty Group Security Services Limited up until his resignation in December 2005. The Company appointed an administration receiver on 6 April 2006.