TIDMPURP

RNS Number : 0137P

Purplebricks Group PLC

14 October 2021

14 October 2021

Purplebricks Group plc

("Purplebricks" or the "Company")

Directorate Change

Purplebricks (AIM: PURP), the UK's leading tech-led estate agent, today announces that Chief Financial Officer, Andy Botha, has stepped down from his role and the Board, effective from 31 October 2021. The Company is pleased to announce that Steve Long will be joining Purplebricks as Chief Financial Officer in Q1 2022.

The Board would like to thank Andy for his valuable contributions to the Company, particularly for his work during a period of organisation transformation against the challenging backdrop of the Covid-19 pandemic.

Steve joins from esure Group, the provider of market leading personal lines Motor and Home insurance, where he is currently Finance Director, Strategy & Transformation, responsible for the development, financial management and execution of the Group's strategic plans and transformation programme. He was Interim Chief Financial Officer from January 2018 to March 2020, during which he oversaw the public to private sale of esure and the transition to private equity ownership. He qualified as a chartered accountant with KPMG before joining esure in 2012, where he has held a number of senior financial positions and played a leading role in the growth and strategic development of the business, including its IPO and corporate actions. Steve is a commercially focused CFO, with strong experience in strategic planning, execution and effective delivery of all aspects of the financial management of a business.

Paul Pindar, Chairman of Purplebricks, commented:

"On behalf of the Board I would like to thank Andy for his hard work and dedication during his tenure at Purplebricks. We wish him the very best with his future endeavours. I am delighted to welcome Steve to the Company as Chief Financial Officer. Steve brings strong commercial, financial and strategic experience and a strong track record in delivering growth in a customer facing, technology-focused business. I look forward to working with him and the executive leadership team as we continue to deliver on Purplebricks' growth strategy."

For further information, please contact

 
 Purplebricks                                   +44 (0)20 7466 5000 
 Fiona O'Nolan, Equitory, Investor Relations    investors@purplebricks.com 
 
 Zeus Capital (NOMAD)                           + 44 (0)20 3829 5000 
 Daniel Harris, Nick Cowles 
 
 Buchanan                                       +44 (0)20 7466 5000 
 David Rydell, Jamie Hooper, Hannah Ratcliff

In accordance with Schedule 2(g) of the AIM Rules, Stephen Anthony Long (aged 36) holds or has held in the past five years the following directorships and partnerships:

 
 Current   Last 5 years 
 -         Esure Group plc 
           Esure Property Limited 
           Esure Services Limited 
           Esure Insurance Limited 
           Esure Broker Limited 
           Esure Finance Limited 
           Esure Holdings Limited 
           Esure Property Management Limited

Mr Long does not hold any ordinary shares in the Company.

Save as disclosed above, there are no additional disclosures to be made in accordance with Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies .

About Purplebricks

Purplebricks is a leading technology-led estate agency business, based in the UK. Purplebricks combines highly experienced and professional local property experts and innovative technology to help make the process of selling, buying or letting more convenient, transparent and cost effective. Purplebricks shares are traded on the London Stock Exchange AIM market.

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