Telecom Plus PLC

Board/Management Information • Mar 14, 2022

National Storage Mechanism | Additional information

RNS Number : 6819E

Telecom Plus PLC

14 March 2022

Telecom Plus PLC (or "the Company")

Board Changes

Following the appointment of Stuart Burnett as co-CEO in November 2021, and the improving growth prospects for the business, the Board believe it is now the right time to redress the historical imbalance in the proportion of independent non-executive directors by announcing the following boardroom changes. These are expected to take effect from the AGM in July 2022: 

●    Charles Wigoder will become Non-Executive Chairman 

●    Melvin Lawson will retire from the Board

●    Julian Schild will retire from the Board

The Board is currently seeking to appoint a further independent non-executive director with relevant experience to also take on the important role as chair of the Audit Committee. This process is being led by the Nomination Committee.

Charles Wigoder, Chairman said:

"Following 23 years in a full-time leadership role at Telecom Plus I am delighted to be handing over all executive responsibilities to Andrew and Stuart as co-CEOs, whilst remaining as Chairman of a business which has been, and will remain, an important part of my life. I am confident their combined strength and experience will enable the business to capitalise on the recent paradigm shift we have seen in the energy markets, and take full advantage of the exciting growth opportunities ahead.

Melvin and Julian have each made significant contributions to the success of the business over the past decade and more, and will leave with our sincere thanks."  

For more information, please contact:

Telecom Plus PLC
Andrew Lindsay, Co-CEO Stuart Burnett, Co-CEO	020 8955 5000
Nick Schoenfeld, CFO
Peel Hunt
Dan Webster / Andrew Clark	020 7418 8900
Numis Securities
Mark Lander / Simon Willis	020 7260 1000
MHP Communications
Reg Hoare / Catherine Chapman	020 3128 8339

About Telecom Plus PLC ("Telecom Plus"):

Telecom Plus, which owns and operates the Utility Warehouse brand, is the UK's only fully integrated provider of a wide range of competitively priced utility services spanning the Communications, Energy and Insurance markets.

Customers benefit from the convenience of a single monthly statement, consistently good value across all their utilities and exceptional levels of service. Telecom Plus does not advertise, relying instead on 'word of mouth' recommendation by existing satisfied customers and Partners in order to grow its market share.

Telecom Plus is listed on the London Stock Exchange (Ticker: TEP LN).  For further information please visit telecomplus.co.uk

LEI code: 549300QGHDX5UKE58G86

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAEAFDLFSLAEFA