Bay Capital PLC

Board/Management Information • Nov 28, 2025

National Storage Mechanism | Additional information

RNS Number : 4628J

Bay Capital PLC

28 November 2025

28 November 2025

BAY CAPITAL PLC

Directorate Changes

Retirement of Peter Tom CBE

Bay Capital Plc (LSE: BAY, "Bay" or the "Company"), the Main Market listed acquisition company, announces that Peter Tom CBE, Chair and Non-Executive Director has stepped down from the Board of the Company with immediate effect.

The Board would like to thank Peter for his contributions to establishing Bay Capital and in his role as Chair over the past four years as the Company has explored acquisition and investment opportunities within the industrials sector.

Appointment of Chair and Non-Executive Director

Following Peter's retirement, David Williams, Non-Executive Director has stepped up to Chair of the Company, with Tony Morris, the Company's current strategic advisor joining as a Non-Executive Director (together, the "Directors").  These appointments will take immediate effect.

Considering these directorate changes, Bay Capital has also reviewed its sector focus and will now broaden its investment and acquisition strategy to include other, higher growth sectors outside of the original industrials thesis. 

The Company's core strategic aim will continue, and remains focused on the delivery of shareholder value through the acquisition of target companies in certain sectors where the Directors believe there to be sustainable growth opportunities both organically, and through acquisition.  To support the execution the Company's M&A strategy, the Group retains £4.4 million of cash (unaudited) as at 27 November 2025.

Information pertaining to Tony Morris

Tony is currently Chair and Non-Executive Director of Michelmersh Brick Holdings Plc (AIM: MBH) and formerly a Non-Executive Director of Summerway Capital Plc (having resigned in September 2021).

This announcement has been made in accordance with the requirements of UK Listing Rules 6.4.6 and 6.4.8.

Enquiries:

Tessera Investment Management Limited
Tony Morris	+44 (0) 7742 189145

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 [email protected] 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

BOAFLFSILLLTFIE