PORTMEIRION GROUP PLC

Board/Management Information • Sep 6, 2024

National Storage Mechanism | Additional information

RNS Number : 1477D

Portmeirion Group PLC

06 September 2024

6 September 2024

PORTMEIRION GROUP PLC

('the Group')

Appointment of Group Finance Director

Portmeirion Group PLC, the owner, designer, manufacturer and omni-channel retailer of leading homeware brands in global markets, announces the appointment of a new Group Finance Director.

Jonathan Hill is joining the Group with immediate effect and has been appointed as Group Finance Director with effect from 1 October 2024.  Subject to the satisfactory completion of the required regulatory checks, Jonathan is expected to join the Board as soon as practicable and a further update in this regard will be provided in due course.

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Jonathan is a qualified Chartered Accountant with over 20 years of finance and leadership experience across multiple industry sectors having spent extensive time living abroad heading up international finance teams and supporting sales market development. He has driven business performance in diverse geographies including the UK, Europe, USA and Asia and within multiple ownership models. Jonathan has worked with major consumer goods brands such as Umbro (part of Nike Inc) and has European and UK manufacturing experience at Ideal Standard and Cormar Carpets.

Following sixteen years with the Group and five years on the Board, David Sproston is stepping down from the Board and his role as Group Finance Director to pursue new opportunities. During his time as Group Finance Director, David has played a valuable role in leading the Finance function of the Group through a number of acquisitions, navigating the business through the challenges of Covid and a successful investor fundraising programme.  David formally leaves the Board with effect from 30 September 2024 but will be assisting the Group to ensure a smooth handover until 31 December 2024.

Dick Steele, Non-Executive Chairman, commented:

"We would like to thank David for his valuable contribution to the Group and wish him well in the next stage of his career. He has played an important role in the Group's significant progress and growth over the last 16 years. We welcome Jonathan to our business and are excited about the wealth of experience he brings from working across international markets - a key part of our long term growth strategy."   

ENQUIRIES:

Portmeirion Group PLC:
Mike Raybould, Chief Executive	+44 (0) 1782 743 443	mraybould@portmeiriongroup.com
David Sproston, Group Finance Director	+44 (0) 1782 743 443	dsproston@portmeiriongroup.com
Hudson Sandler:
Dan de Belder	+44 (0) 207 796 4133	portmeirion@hudsonsandler.com
Nick Moore Emily Brooker
Shore Capital: (Nominated Adviser and Joint Broker):	+44 (0) 207 408 4090
Patrick Castle Lucy Bowden	Corporate Advisory
Malachy McEntyre Isobel Jones	Corporate Broking

Singer Capital Markets (Joint Broker):	+44 (0) 207 496 3000
Peter Steel	Investment Banking
Asha Chotai

NOTES TO EDITOR:

Portmeirion Group PLC is a leading, omni-channel British ceramics manufacturer and retailer of leading homeware brands.

Based in Stoke-on-Trent, United Kingdom, the Group owns six unrivalled heritage and contemporary brands, with 750+ years of collective heritage; Portmeirion, Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambé.

The Group serves markets across the world, with global demand driven by diversified international markets including the key geographies of the US, UK and South Korea.

Portmeirion Group has a proven capital-light, well developed and self-funded growth strategy focused on building a wider customer base and growing the sales footprint of its brands, through:

·    Building and growing international sales markets

·    Developing online sales channels in core markets

·    Designing and launching new product to widen appeal and take market share

·    Leveraging brands and extensive product ranges

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