TIDMANX

RNS Number : 2047D

Anexo Group PLC

20 June 2023

 
 20 June 2023

Anexo Group plc

('Anexo' or the 'Company')

Directorate Change

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, is pleased to announce the appointment of Alexander Paiusco to the Board with immediate effect as a Non-Executive Director.

Mr Paiusco has been nominated by DBAY Advisors Limited ("DBAY") under the terms of the shareholder agreement announced on 12 November 2020. The shareholder agreement gives DBAY the right to appoint up to three Non-Executive Directors and Mike Branigan, who joined the Board as a nominee of DBAY in May 2022, will step down from the Board with immediate effect. Dr Julian Addison, who was appointed to the board as a DBAY nominee on 11 May 2022, will remain on the board, as will Saki Riffner, who was appointed to the Board as a DBAY nominee on 25 January 2021.

Mr Paiusco has served as executive director of DBAY Advisors Limited, an international asset management firm, since July 2011.

AIM disclosures:

A list of Mr Paiusco's current directorships and partnerships together with those held within the last five years is set out below:

 
 Current directorships / partnerships   Past directorships / partnerships within 
                                         the last five years 
 DBAY ADVISORS LIMITED                  DOUGLASBAY CAPITAL PLC 
  DBAY CORPORATED FINANCE LIMITED        GREENWHITESTAR TOPCO LTD 
  DOUGLASBAY CAPITAL II CAYMAN           GREENWHITESTAR HOLDING COMPANY 1 LTD 
  GP LIMITED                             GREENWHITESTAR FINANCE LTD 
  DOUGLASBAY CAPITAL II FOUNDER          SURIBLE TOPCO LIMITED 
  PARTNER SLP                            TELIT IOT LTD 
  DOUGLASBAY CAPITAL II GP LIMITED       TELIT IOT SOLUTIONS HOLDING LTD 
  DOUGLASBAY CAPITAL III GP LIMITED 
  DOUGLASBAY GP LIMITED 
  REDWHITEBLUE CAYMAN II 
  REDWHITEBLUE CHAMPION LIMITED 
  UNLIMITED MARKETING FINCO LTD

Alexander Maria Paiusco (aged 50) does not own shares in the Company . Mr Paiusco is a director and shareholder of DBAY Advisors Limited which holds and controls 28.51% of shares in Anexo Group plc.

Mr Paiusco has confirmed that there is no further disclosure required under Paragraph (g) of Schedule 2 of the AIM Rules for Companies.

For further enquiries:

 
Anexo Group plc                               +44 (0) 151 227 3008 
                                               www.anexo-group.com 
Alan Sellers, Executive Chairman 
 Gary Carrington, Interim Chief Financial 
 Officer 
 Nick Dashwood Brown, Head of Investor 
 Relations 
 
  WH Ireland Limited 
  (Nominated Adviser & Joint Broker) 
Chris Hardie / Hugh Morgan/ Darshan            +44 (0) 20 7220 1666 
 Patel / Enzo Aliaj (Corporate)                 www.whirelandplc.com/capital-markets 
 Fraser Marshall / Harry Ansell (Broking) 
 
  Zeus 
  (Joint Broker) 
  David Foreman / Louisa Waddell (Investment    +44 (0) 20 3829 5000 
  Banking)                                      w ww.zeuscapital.co.uk 
  Simon Johnson (Corporate Broking)

Notes to Editors:

Anexo is a specialist integrated credit hire and legal services provider. The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm. The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.

Through its dedicated Credit Hire sales team and network of 1,100 plus active introducers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services. The Group's Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.

The Group was admitted to trading on AIM in June 2018 with the ticker ANX. For additional information please visit: www.anexo-group.com

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END

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June 20, 2023 02:00 ET (06:00 GMT)

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