Cmo Group Regulatory News (CMO)

CMO Group Plc

("CMO" or the "Company")

Directorate Changes

The Board of CMO Group Plc, the UK's largest online-only retailer of building materials, is pleased to announce the promotion of Callum Tasker to Chief Commercial Officer of CMO and his appointment to the Board with immediate effect. At the same time Mike Fell, Co-Founder of Key Capital Partners ("Key Capital"), the Company's largest shareholder, will replace James Excell as Key Capital's representative on the Board.

Callum has approaching 20 years' experience in the industry, joining CMO in 2010, shortly after its inception, and has successfully carried out various significant roles within the Company. He was Sales and Logistics manager for five years between 2010 and 2015. He was then promoted to Operations Director in 2015 and became Commercial Director in 2019. Prior to joining CMO he spent five years with SIG plc.

After nearly 40 years in industry and five years with the Company, Sue Packer, Chief Operating Officer, is retiring at the end of March and will step down from the Board today.

Mike Fell co-founded private equity firm Key Capital 17 years ago, and was part of the original team that invested in CMO. He holds a number of other directorships of investee companies which will bring wide experience to CMO.

The Board wishes to express deep gratitude to Sue and James for their contribution to the Company. In Sue's case, particularly her part in driving and delivering upon the Company's growth strategy and in James's for his advice and counsel. We wish Sue a well-deserved, long and happy retirement.

Dean Murray, CEO of CMO Group said:

"We are delighted that Callum is taking the Chief Commercial Officer post and is joining the Board. The Board will benefit from his industry experience and long-term knowledge of CMO. He has a passion for detail and driving profitable growth.

Sue has been an instrumental part of the team that has made CMO into the Company it is today. I, personally, will miss her knowledge and experience, but also wish her the happiest of retirements. We could not have a better replacement for Sue in Callum who has worked with and alongside her for the past five years. This will provide a seamless succession.

We are also delighted that Mike is joining the Board. We will benefit from his broad experience and counsel, and many thanks to James who has provided invaluable support and advice in his role as non-executive director."

8 February 2024

Regulatory

The following information is disclosed under Rule 17 of the AIM Rules for Companies ("AIM Rules") and Schedule Two Paragraph (g) of the AIM Rules:

Callum James Tasker, aged 34, is or has been a director of the following companies in the past five years:

Mr Tasker holds 2,057,501 ordinary shares in the Company. In addition, he has an interest in the Company via the LTIP, through which he has a total of 202,273 ordinary shares under option. The performance criteria for the LTIP, which comprises a share price target and an EBITDA target, has not yet been satisfied.

There is no further information which is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies in respect of Callum Tasker.

Michael William Fell, aged 66, is or has been a director of the following companies in the past five years:

Mr Fell was appointed director of household goods and furniture retailer Dwell Retail Limited in 2012 ("Dwell"). Following a period of poor trading, the directors of Dwell appointed administrators in 2013 and the company was subsequently dissolved in March 2015 with deficiencies to creditors of approximately £16.6 million. Mr Fell was a director of Sabotage Limited, a retailer of T shirts and associated products, when administrators were appointed in February 2012 as a result of poor trading. Liquidation proceedings remain ongoing. Mr Fell ceased to be a director in June 2012.

Mr Fell holds 189,394 ordinary shares in the Company. Mr Fell is also a partner of Key Capital Partners LLP, one of whose funds, KCP VIII L.P., is interested in 19,285,042 ordinary shares in the Company.

There is no further information which is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies in respect of Mike Fell.