Appreciate Group PLC Laura Carstensen to step down as Chair (3802M)
21 September 2021 - 04:00PM
UK Regulatory
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RNS Number : 3802M
Appreciate Group PLC
21 September 2021
21 September 2021
Appreciate Group plc
Laura Carstensen to step down as Chair of Appreciate Group
plc
Appreciate Group plc (the "Group", "Company"), the UK's leading
multi-retailer redemption product provider to corporate and
consumer markets, today announces that Laura Carstensen has
informed the Board of her intention to step down as Chairman as
part of the Board's succession plan.
The Board will imminently commence a search process to appoint a
successor and enable an orderly handover.
Ms Carstensen will continue to serve as Chairman until the
process is completed. An update will be provided in due course.
Laura Carstensen has been with the Company for almost eight
years, having been appointed to the Board as a non-executive
director on 23 September 2013, before becoming Non-Executive
Chairman on 3 June 2016.
Laura Carstensen said:
"I am extremely proud to have served Appreciate Group as
Chairman for the last five years. The management team has
transformed the business, building a more robust and scalable
platform which provides a strong foundation for growth."
Ian O'Doherty, Chief Executive Officer, said:
"I'd like to thank Laura for the energy and passion she has
brought to the role as chairman, as she has steered the Group both
during its recent significant transformation and through the
unprecedented challenges brought by the pandemic."
Enquiries
Appreciate Group Liberum MHP Communications
plc (NOMAD and broker)
Ian O'Doherty, CEO Richard Crawley Reg Hoare
Tim Clancy, CFO Jamie Richards Katie Hunt
Charles Hirst
Andy Hammerton, Head
of Corporate Affairs Tel: 020 3100 2222 Tel: 020 3128 8193
Email: appreciategroup@mhpc.com
Tel: 0151 653 1700
The information contained within this announcement is deemed by
Appreciate Group to constitute inside information as stipulated
under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Notes to Editors:
Appreciate Group is one of the UK's leading gifting, pre-payment
and engagement companies, and experts at creating joyful
experiences and connecting people to the things in life they enjoy
the most.
Everything Appreciate Group does is focused on creating more joy
in the world, and it is proud to be trusted to help its customers
create moments they can treasure and remember, whether they are
giving, celebrating or rewarding.
Appreciate Group is a financial services business with a wide
portfolio of brands which provide solutions for its consumer and
business customers. Its consumer-facing brands meet a range of
prepayment and gifting needs, while its business products help
corporate customers reward and recognise their employees and
clients.
Appreciate Group is home to many of the country's most-loved
gifting, pre-payment and engagement solutions including Park
Christmas Savings, highstreetvouchers.com and Love2shop, and we are
fast-becoming the home of digital innovation in gifting.
Whether it's saving towards the perfect family Christmas or
celebrating with gift cards and vouchers, we create and supply
products that millions of people trust when it comes to giving and
receiving with family, friends or colleagues.
Park Christmas Savings: As the UK's largest family Christmas
savings club, Park Christmas Savings has helped over 2.7 million
families budget for Christmas on a short-term or year-round
basis.
Love2shop: Love2shop offers gift cards and gift vouchers
available to spend at stores and attractions across the UK. They
are also used through our Love2shop Business Services providing
corporate partners with incentives and rewards for their employees
and clients.
Appreciate Group plc's shares are traded on AIM, a market
operated by the London Stock Exchange.
The Park Prepayments Protection Trust is designed to increase
protection for customers' prepayments. The Trust has three
directors, two of whom are independent of Appreciate. Details of
the trust are set out here:
https://www.getpark.co.uk/CORPORATE/declaration.pdf
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END
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