TIDMGTLY
RNS Number : 5720L
Gateley (Holdings) PLC
01 May 2020
1 May 2020
GATELEY (HOLDINGS) PLC
("Gateley", the "Group" or the "Company")
AIM: GTLY
CEO Succession and Board Appointment
Gateley, the legal and professional services group, is pleased
to announce that, further to the CEO succession announcement issued
on 10 July 2019, Rod Waldie has today been appointed to the Board
as Chief Executive Officer. Michael Ward stands down as CEO but
remains on the Board as an executive director with oversight
responsibility for the Group's non-legal consulting businesses.
In addition to his role as the Senior Office Partner at Gateley
Legal's Manchester office and leading the Group's national property
team, Rod has been a key member of the Group's management board
since joining Gateley via the acquisition of part of the Manchester
office of Halliwells LLP in 2010 and played an instrumental part in
Gateley's IPO in 2015.
Rod has also been involved in the successful integration of all
nine acquisitions the Group has made since admission to AIM, which
include, in the last financial year, the acquisitions of Persona
Associates Ltd, T-three Group, Paul Tweed LLP and The Vinden
Partnership Limited.
Full year ended 30 April 2020
An update of the Group's performance for the year end 30 April
2020 will be provided later this month.
Nigel Payne, Non-executive Chairman of Gateley, said:
"Our clear CEO succession plan was announced in July 2019 in
order that we might effect a considered and orderly transition to
Rod as the new CEO. The Board's firm decision to make an internal
succession appointment to allow for an orderly and seamless
handover has never seemed more important. I believe that it is a
considerable comfort for all stakeholders of the Group to know
that, in such challenging times, we have an experienced, trusted
and familiar hand in Rod Waldie who is taking over executive
responsibility for the business, as well as retaining the skills
and experience of Mike Ward on the Board.
"Rod is highly successful and a well-respected colleague, who
epitomises and embraces our collaborative culture, which is proving
so important in the current circumstances. I very much look forward
to working with Rod and Mike in their new roles and, on behalf of
my fellow directors, wholeheartedly welcome Rod to the Board and
thank Mike for his outstanding contribution to the business. Under
his 19-year leadership, the business has grown to a network of 11
offices, employing over 1,000 people. Mike also led the Group's
flotation in 2015 and has helped the business enjoy double digit
growth in both revenue and people since we were admitted to
AIM."
Rod Waldie, new Chief Executive Officer, added:
"On behalf of all my colleagues at Gateley, I wish to thank Mike
for his guidance and wisdom during the handover period. We are
delighted he has chosen to remain with the Group with his focus
centred on our non-legal consulting businesses.
"I am taking on this role in unprecedented times but have held
senior management roles in Gateley for 10 years and have a thorough
understanding of the business, which is well capitalised, balanced
and resilient. W e have a loyal client base and our strong remote
working platform enables us to continue to deliver services in line
with our core ethos of fully supporting our clients and putting
them first. I firmly believe that the quality of our people allied
to our economically and geographically diversified model puts us in
a strong position to react to the current macro-economic
difficulties. I am particularly proud of the positive attitude
shown by the whole Gateley team during the last few weeks and by
the continued determination and resourcefulness of our people
during this challenging period."
Enquiries:
Gateley (Holdings) Plc
Neil Smith, Finance Director Tel: +44 (0) 121
234 0196
Nick Smith, Acquisitions Director and Head Tel: +44 (0) 20 7653
of Investor Relations 1665
Cara Zachariou, Head of Corporate Communications Tel: +44 (0) 121
234 0074
Mob: +44 (0) 7703
684 946
finnCap - Nominated adviser and broker Tel: +44 (0) 20 7220
0575
Matt Goode / James Thompson (Corporate Finance)
Andrew Burdis (ECM)
N+1 Singer - Joint broker Tel: +44 (0) 20 7496
3000
Peter Steel / Ben Farrow (Corporate Finance)
Rachel Hayes (Corporate Broking)
Belvedere Communications Limited - Financial GateleyPR@belvederepr.com
PR
Cat Valentine Mob: +44 (0) 7715
769 078
Keeley Clarke Mob: +44 (0) 7967
816 525
Llew Angus Mob: +44 (0) 7407
023 147
The following information on Mr Roderick ("Rod") Richard Waldie
(aged 51) is disclosed pursuant to Schedule Two paragraph (g) of
the AIM Rules for Companies:
Current Directorships / Partnerships Previous Directorships / Partnerships
held in the past five years
Gateley Capitus Limited Gateley Heritage LLP
--------------------------------------
Gateley Plc Caldewgate Developments Nominees
Limited
--------------------------------------
Gateley (Manchester) LLP Canal Head Developments Nominees
Limited
--------------------------------------
Gateley UK LLP Culcheth Hall Limited
--------------------------------------
Giggleswick International Limited
--------------------------------------
Giggleswick School
--------------------------------------
Giggleswick Services Limited
--------------------------------------
Halliwells Realisations 2010
Limited
--------------------------------------
Halliwells Realisations 2011
Limited
--------------------------------------
Mr Waldie was a Partner and on the Management Committee of
Halliwells LLP at the time it was placed into administration in
July 2010. The Liquidation of Halliwells LLP is ongoing with the
latest estimate of the aggregate losses of secured, preferential
and unsecured creditors as at 3 March 2020 being approximately
GBP74.9 million.
Mr Waldie currently holds 1,380,670 ordinary shares in the
Company ("Ordinary Shares"). There are no other disclosures
required in relation to Rule 17 or paragraph (g) of Schedule 2 of
the AIM Rules for Companies.
About us
Gateley is a legal and professional services group. Founded in
Birmingham in 1808, we have provided commercial legal services to
individuals and businesses for over 200 years.
We have over 700 professional advisers and employ over 1,000
people across offices located in Belfast, Birmingham, Cambridge,
Guildford, Leeds, Leicester, London, Manchester, Nottingham,
Reading and Dubai.
In 2015, we were the first commercial UK law firm to list on the
London Stock Exchange's AIM Market. Our strategy is to
differentiate ourselves in a crowded marketplace, incentivise our
people to retain and attract the best talent in the industry and
diversify our income streams by acquiring complementary business
services.
For further details on Gateley please visit www.gateleyplc.com
or follow us on Twitter
www.twitter.com/GateleyGroup
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END
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