TIDMTMG

RNS Number : 6384U

Mission Group PLC (The)

24 November 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

24 NOVEMBER 2023

THE MISSION GROUP plc

("MISSION", "the Group")

Board Change

MISSION Group plc (AIM: TMG), creator of Work That Counts (TM) , comprising a group of digital marketing and communications Agencies, is pleased to announce the appointment of David Morgan as Non-Executive Chair.

David will replace Julian Hanson-Smith, who, after a tenure of eight years on the Board, initially as Non-Executive Director and latterly as Non-Executive Chair, has resigned from the Board with immediate effect to pursue other business interests. Julian will remain as a consultant to the Group in an advisory capacity.

David brings a wealth of experience to the Board and draws on a longstanding career in the advertising and media industry with an in-depth knowledge of MISSION, having founded Bray Leino, one of the Group's key Agencies. He was previously Executive Chair of the Group between April 2010 and October 2021.

Commenting, James Clifton, Chief Executive of MISSION said: "We welcome David's return to the Board. His long-standing experience of both MISSION and the industry will be invaluable as we continue to deliver against our strategy.

"On behalf of the Group I would like to thank Julian for his long-standing commitment and contribution to MISSION and look forward to continuing to work with him in an advisory capacity."

David Morgan, Chair of MISSION, added: "I am delighted that the Board has asked me to return as Chair. Despite the ongoing challenges for our industry, MISSION is made up of extremely dynamic, entrepreneurial Agencies managed by very talented people. I look forward to helping the Group consolidate its strategic progress and to working closely with the Board and management team to deliver long-term value for all our stakeholders."

"I would like to thank my predecessor for his efforts over the last eight years. Julian's understanding of the business and wider sector will continue to be extremely useful as we take the Group forward."

Regulatory Disclosures (in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies)

David William Morgan, aged 76 years, holds or has held the following directorships or partnerships during the five years preceding the date of this announcement:

 
 Current Directorships   Past Directorships 
 Hannele Limited         Bray Leino Nominees Limited 
                        ============================ 
                         Pathfindr Limited 
                        ============================ 
                         The MISSION Group plc 
                        ============================

David Morgan had been a Director of Creative Travel Group Limited until September 2004, which entered a creditors voluntary liquidation in December 2004.

Save for the information set out above, there are no further disclosures to be made in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in respect of the appointment of David Morgan.

David Morgan owns 4,817,426 shares in the Company, equating to 5.3 per cent. of the Company's issued share capital.

As disclosed in the Company's 2022 annual report, Bray Leino Ltd rents property from entities under the control of David Morgan, and members of his close family. During the 2022 year the Company paid annual rental and property fees totalling GBP75,000 (2021: GBP75,000).

ENQUIRIES

 
 James Clifton, Chief Executive Officer 
  G iles Lee , Chief Financial Officer                 07730 490384 
  The MISSION Group plc                                 020 7462 1415 
 
   S imon Bridges/Andrew Potts/Harry Rees 
 Canaccord Genuity Limited (Nominated Adviser 
  and Broker)                                         020 7523 8000 
 
 
   Kate Hoare / Alexander Clelland / India Spencer 
 HOUSTON (Financial PR and Investor Relations)        0204 529 0549

NOTES TO EDITORS

MISSION is a collective of digital marketing and communications Agencies employing over 1,000 people across 29 locations and 3 continents. The Group successfully combines its diverse expertise to produce Work That Counts(TM) for Clients, whatever their ambitions. Creating real standout, sharing real innovation and

delivering real growth for some of the world's biggest brands.   www.themission.co.uk

Prior to publication the information communicated in this announcement was deemed by the Company to constitute inside information for the purposes of article 7 of the Market Abuse Regulations (EU) No 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations No 2019/310 ('MAR'). With the publication of this announcement, this information is now considered to be in the public domain.

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END

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November 24, 2023 07:46 ET (12:46 GMT)

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