Marks Electrical Group
plc
AIM Rule 17 Schedule Two (g)
Update
Marks Electrical Group plc ("Marks
Electrical" or "The Group"), a fast growing online electrical
retailer, today announces the following information relating to
directors' disclosure under Schedule Two, paragraph (g) of the AIM
Rules for Companies:
David Lindow Wilkinson, a Non-executive Director on the board of the
Company, has been a director of Saietta Group plc since 7 July
2021.
On 4 March 2024, Saietta Group plc
was placed into administration. The administration proceedings
remain ongoing.
Enquiries:
Marks Electrical Group
plc Via
Dentons Global Advisors:
Mark Smithson,
CEO
Tel: +44 (0)20 7664 5095
Josh Egan,
CFO
Dentons Global Advisors (Financial PR)
Jonathan Brill / James Styles /
Nishad Sanzagiri
Tel: +44
(0)20 7664 5095
markselectrical@dentonsglobaladvisors.com
Canaccord Genuity (NOMAD and Broker)
Max Hartley / George Grainger
(Nomad) / Kit Stephenson (Sales)
Tel: +44 (0) 207
886 2500
About Marks Electrical
Marks Electrical is a fast growing,
highly scalable premium electrical retailer which sells, delivers,
installs and recycles a wide range of household electrical
products. The Group was founded in Leicester in 1987 by Mark
Smithson and has scaled into a nationwide online retailer with a
compelling growth track record, thanks to its vertically
integrated, low-cost, high-quality operating model, supported by
the ongoing structural shift of consumers to purchase online. The
Group operates within the UK Major Domestic Appliances (MDA) and
Consumer Electronics (CE) market, estimated to be worth
approximately £7 billion.
Primarily through its simple, clear
and intuitive website - markselectrical.co.uk - the Group offers
over 4,500 products from over 50 leading brands across its main
product categories, which include Cooking, Refrigeration, Washers
& Dryers, Dishwashers and Audio-Visual. These products are
sourced from UK distributors of the brands, with whom the Group
maintains strong and direct relationships. Marks Electrical
delivers direct to customers in its owned and branded vehicles,
operated by the Group's skilled team of delivery drivers, who are
also able to offer installation and recycling services.
For further information, visit the
Marks Electrical corporate website:
https://group.markselectrical.co.uk and its retail website:
https://markselectrical.co.uk/.