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RNS Number : 4331R

Appreciate Group PLC

06 July 2022

6 July 2022

Appreciate Group plc

Appointment of Interim CFO

Appreciate Group (the 'Group'), the UK's leading multi-retailer redemption product provider to Corporate and Consumer markets, today announces that Talha Ahmed will assume the role of Interim Chief Financial Officer ("CFO") with immediate effect. An existing Group employee, he will report into the Board, but will not be appointed as a statutory Board director.

This follows the announcement on 28 April 2022 that Tim Clancy, CFO, is leaving to take up a role outside the Group. Tim will leave the Group later this month and will now work with Talha to hand over responsibilities.

Talha is a qualified Chartered Accountant and has been a key member of the Group's finance team since joining Appreciate in November 2021 as Director of Finance. He previously spent over fifteen years working in professional services firms with experience in four countries. This includes roles with EY and PwC, working with companies in both the regulated financial services and consumer product sectors .

The process for the selection of a permanent CFO is progressing and an appointment will be announced in due course.

Ian O'Doherty, Chief Executive Officer, commented:

"Talha is a valued member of the finance team and we have full confidence that he will prove to be an excellent interim CFO, as the Group continues to focus on sustained growth following last week's announcement of positive results for FY22.

"I would like to wish Tim well in his future endeavours and say thank you for the significant contribution he has made during his time with the business and the important role he has played in delivering our s trategic business plan."

 
 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 
 

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 corporate 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, Appreciate Business Services 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 helps around three hundred thousand 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 Appreciate 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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July 06, 2022 02:00 ET (06:00 GMT)

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