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."


 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) Dow Jones Newswires

September 21, 2021 02:00 ET (06:00 GMT)

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