6 November 2024
ME Group International
PLC
(the "Company" or the
"Group")
Directorate
Change
ME Group International plc (LON:
MEGP), the instant-service equipment group, announces that Mr
Emmanuel Olympitis (Manoli) has informed the Board of his decision
to step down as a Non-executive Director of the Company after 15
years in the role, and will leave the Board on 30 November 2024 to
focus on his writing career. Mr Olympitis currently serves as
Senior Independent Director, Chair of the Remuneration Committee
and is a member of the Audit and Nomination Committees.
René Proglio, an Independent
Non-executive Director and Chair of the Audit Committee, will take
over the role of Senior Independent Director. Françoise
Coutaz-Replan, an Independent Non-executive Director and member of
the Audit and Remuneration Committees, will take over as Chair of
the latter Committee and she will also join the Nomination
Committee.
Sir John Lewis OBE, Chair of the
Board, said:
"On behalf of my fellow
Directors, I wish to thank Manoli for his hard work and dedication
over the years and we wish him and his family all the best for the
future."
ENQUIRIES:
NOTES TO EDITORS
ME Group International plc (LSE:
MEGP) operates, sells and services a wide range of instant-service
vending equipment, primarily aimed at the consumer
market.
The Group operates vending units
across 18 countries and its technological innovation is focused on
four principal areas:
·
Photo.ME - Photobooths and integrated
biometric identification solutions
·
Wash.ME - Unattended laundry services and
launderettes
·
Print.ME - High-quality
digital printing kiosks
·
Feed.ME - Vending equipment for
the food service market
In addition, the Group operates
other vending equipment such as children's rides, amusement
machines, and business service equipment.
Whilst the Group both sells and
services this equipment, the majority of units are owned, operated
and maintained by the Group. The Group pays the site owner a
commission based on turnover, which varies depending on the
country, location and the type of machine.
The Group has built long-term
relationships with major site owners and its equipment is generally
sited in prime locations in areas of high footfall such as
supermarkets, shopping malls (indoors and outdoors), transport
hubs, and administration buildings (City Halls, Police etc.).
Equipment is maintained and serviced by an established network of
more than 650 field engineers.
In August 2022 the Company changed
its listed entity name to ME Group International plc (previously
Photo-Me International plc) to better reflect the Group's
diversification focus and business strategy.
The Company's shares have been
listed on the London Stock Exchange since 1962.
For further information:
www.me-group.com
