TP ICAP Group PLC

Board/Management Information • Jul 6, 2021

National Storage Mechanism | Additional information

RNS Number : 3416E

TP Group PLC

06 July 2021

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain

6 July 2021

TP Group plc

("TP Group" or the "Company")

Appointment of Interim Chief Executive Officer

TP Group (AIM: TPG) announces the appointment of David Lindsay as Interim Chief Executive Officer.

David's immediate priority will be to provide an in-depth strategic and operational review of the business with a focus on identifying short-term as well as structural ways to significantly improve performance. There will be a particular focus on improving the margins across the business.

David has a long track record of business improvement through CEO and CFO roles in the public and private sector. He has worked with businesses in the enterprise software, engineering and technology sectors. The Company believes that this broad span of experience makes him ideally suited to this appointment.

His range of experience includes acting CEO of Industrial Control Services Plc, a services provider to the energy industry, and most recently Group CFO of EDM Group Ltd. where he oversaw material improvements in the company's financial performance. David is a Chartered Accountant and qualified Corporate Treasurer.

David commences this role with immediate effect and his appointment to the board of TP Group is expected following completion of the standard on-boarding process undertaken by the Company's nominated adviser. A further announcement will be made in due course in this regard, which shall contain all necessary disclosures pursuant to Schedule Two, paragraph (g) of the AIM Rule for Companies.

For further information, please contact:

TP Group plc	Tel: 01753 285 810
Derren Stroud, Chief Financial Officer
www.tpgroup.uk.com
Cenkos Securities plc	Tel: 020 7397 8980
Stephen Keys / Mark Connelly / Callum Davidson
www.cenkos.com
SEC Newgate UK	Tel: 020 3757 6743
Elisabeth Cowell / Bob Huxford / Richard Bicknell
www.secnewgate.com

Notes to Editors

TP Group delivers complex equipment, software and services for mission, business and safety critical applications in the defence, space and energy sectors. With more than 400 people in 6 European countries, it serves global customers through long-term contracts. The Group's shares have been traded on AIM since July 2001.

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

BOAEAAXKEFLFEFA