Angling Direct Regulatory News (ANG)

17 May 2022

Angling Direct plc

("Angling Direct" or the "Company")

Board Change

Angling Direct plc (AIM: ANG), the leading omni-channel specialist fishing tackle and equipment retailer, announces that Dilys Maltby, Independent Non-Executive Director, has informed the Company of her intention to step down from the Board and the Audit Committee at the conclusion of the 2022 Annual General Meeting to be held in due course. The Board flags its intention to appoint a further Independent Non-Executive Director as Dilys's replacement.

Martyn Page, Non-executive Chairman, commented:

"I would like to thank Dilys for her contribution to the Company since joining the Board in February 2020. We have appreciated her wise counsel and input throughout and wish her all the best in her future endeavours."

Dilys Maltby, Non-executive Director, commented:

"I have enjoyed my time on the Board of Angling Direct and the opportunity to work with Andy and the team. Much has been achieved through the pandemic, and I look forward to following the company's progress both here in the UK and internationally."

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About Angling Direct

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK. The Company sells fishing tackle products and related equipment through its network of retail stores, located strategically throughout the UK as well as through its leading digital platform (www.anglingdirect.co.uk .de, .fr and .nl) and other third-party websites.

Angling Direct is committed to supporting its active customer base and widening access to the angling community through its passionate colleagues, store-based qualified coaches, social media reach and ADTV YouTube channel. The Company currently sells over 20,000 fishing tackle products, including capital items, consumables, luggage and clothing. Angling Direct also owns and sells fishing tackle products under its own brand 'Advanta', which was formally launched in March 2016.

From 1986 to 2002, the Company's founders acquired interests in a number of small independent fishing tackle shops in Norfolk and, in 2002, they acquired a significant premise in Norwich, which was branded Angling Direct. Since 2002, the Company has continued to acquire or open new stores, taking the total number up to 42 retail stores. In 2015, the Company opened a 2,800 sq. metres central distribution centre in Rackheath, Norfolk, where the Company's head office is also located. In January 2022 Angling Direct acquired an additional 3,900 sq. metres distribution centre in Venlo, Netherlands to service its established, and rapidly growing, presence in Europe with native language websites set up in key regions to address demand.