TIDMDTG

RNS Number : 4635J

Dart Group PLC

14 April 2020

14 April 2020

Dart Group PLC

(the "Group")

Appointment of Independent Non-executive Director

Dart Group PLC, the Leisure Travel and Distribution & Logistics group, is pleased to announce the appointment of Robin Terrell as an independent non-executive director, with immediate effect.

Robin Terrell has extensive experience in leading online and retail businesses ranging from Amazon, where he was Vice President and UK Managing Director from 2001 to 2005, to John Lewis, where he was Managing Director of John Lewis Direct, responsible for developing their multi-channel proposition. Most recently he was Chief Customer Officer at Tesco, where he also served as Interim Managing Director, UK and Group Multi-channel Director. Prior to that he served as Executive Director of Multi-channel and International at House of Fraser. Robin qualified as a Chartered Accountant with Coopers & Lybrand.

Robin is Non-Executive Chair of Manufacturing Services Investment Limited, Non-Executive Director and Audit Chair at William Hill Plc, and Non-Executive Director at Amara Living, Ahlens and New Look. His previous Non-Executive roles include Tesco Mobile, Lazada Group, Karen Millen, Maplin Electronics, Wilkinson and Monica Vinader.

Robin will become a member of the Audit and Remuneration Committees with effect from the date of his appointment.

Philip Meeson, Executive Chairman of the Group commented:

"I am delighted to welcome Robin Terrell to the Board of Directors. He has huge experience in leading online and retail businesses with a focus on providing a great customer experience, and also a strong track record as a Non-Executive Director. I know that he will make a significant contribution to the ongoing success of our business."

The directorships and partnerships currently held by Robin Terrell and over the five years preceding the date of appointment are as follows:

 
Mr Robin James Terrell, aged 50 
Current directorships/partnerships  Previous directorships/partnerships 
2101 Limited                        Catapult Ventures Limited 
 Åhléns AB                 Cocoon Labs Ltd 
 Amara Living Limited                Karen Millen Holdco 1 Limited 
 Manufacturing Services Investment   (in administration) 
 Limited                             Lazada Group SA 
 New Look Retail Holdings            MEL Topco Limited (dissolved) 
 Limited                             Tesco Mobile Limited 
 William Hill Plc                    Wilko Digital Limited 
                                     Wilkinson Hardware Stores Limited

Mr Terrell was appointed as a non-executive director of MEL Topco Limited (part of the Maplin Electronics Group) on 21 August 2017. Liquidators were appointed to MEL Topco Limited (along with other group companies) in relation to a creditors' voluntary liquidation on 1 May 2018 and the company was dissolved on 7 December 2019. The companies in the group, in aggregate, owed approximately GBP53 million to a secured creditor (who held charges over the assets of the group). No distributions were made to unsecured creditors.

Mr Terrell was appointed as a non-executive director of Karen Millen Holdco 1 Limited on 3 March 2016. Administrators were appointed to Karen Millen Holdco 1 Limited on 6 August 2019 (as well as a number of other companies in the Karen Millen Group) and the administration is still ongoing. The companies in the group, in aggregate, owed approximately GBP65 million to a secured creditor and approximately GBP62 million to unsecured creditors. Due to Karen Millen Holdco 1 Limited being an intermediate holding company, no asset realisations are expected from that company.

Mr Terrell does not hold any ordinary shares in Dart Group PLC.

There are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules.

For further information, please contact:

 
   Dart Group plc                        Tel: 0113 239 7817 
     Philip Meeson, Executive Chairman 
    Gary Brown, Group Chief Financial 
     Officer 
    Cenkos Securities plc                 Tel: 020 7397 8900 
     Nominated Adviser 
     Katy Birkin/Russell Cook 
    Canaccord Genuity - Joint Broker      Tel: 020 7523 8000 
     Adam James 
 
    Arden Partners - Joint Broker         Tel: 020 7614 5900 
     Paul Shackleton/Daniel Gee-Summons 
    Buchanan - Financial PR               Tel: 020 7466 5000 
     Richard Oldworth

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 or visit www.rns.com.

END

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April 14, 2020 02:00 ET (06:00 GMT)

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