De La Rue Regulatory News (DLAR)

2 September 2022

DE LA RUE PLC ANNOUNCES EXECUTIVE CHANGES IN AUTHENTICATION DIVISION

De La Rue plc (LSE: DLAR) ("De La Rue", the "Group" or the "Company") today announces that it has appointed David Sharratt as Managing Director of the Group's Authentication division, with effect from 12 September 2022. David will join the Group Executive Leadership Team. This appointment follows the decision by Andrew Clint, current Managing Director of the Group's Authentication division, to resign to pursue other opportunities after three years leading the division, and over 13 years with the Company. 

David Sharratt has over 25 years' experience growing businesses across a number of sectors, including mobile computing and software, renewable energy and chemicals. Most recently, he was Vice President, International for Array Technologies, where he delivered significant sales growth across EMEA and Latin America, including securing substantial business in a number of new countries. Prior to this, David held various business development leadership positions at Honeywell International, including in their Global Tracking, Scanning and Mobility, and Chemicals business units.

Clive Vacher, CEO of De La Rue, commented, "I am delighted to welcome David Sharratt to the Group. David is an accomplished executive who will drive further growth and success in Authentication. His track record of revenue and margin growth, coupled with substantial international experience across a variety of sectors, means that the division will be in excellent hands for the next phase of its development."

"I am extremely grateful to Andrew Clint for his outstanding service to the Group. He has been an integral part of the Executive Leadership Team and has played a pivotal role in the Company's Turnaround Plan. Under his leadership, the division has exhibited strong growth in revenue and margin, based on De La Rue's proprietary track and trace solutions for governments and brand protection. I wish him well for the future."

 De La Rue plc's LEI code is 213800DH741LZWIJXP78.

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Cautionary note regarding forward-looking statements

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "plans", "may", "will", "could", "shall", "risk", "aims", "predicts", "continues", "assumes", "positioned" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the intentions, beliefs or current expectations of the directors, De La Rue or the Group concerning, amongst other things, the results of operations, financial condition, liquidity, prospects, growth and strategies of De La Rue and the industry in which it operates.

By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of the Company. Past performance cannot be relied upon as a guide to future performance and should not be taken as a representation or assurance that trends or activities underlying past performance will continue in the future. Accordingly, investors or potential investors should not place undue reliance on these forward-looking statements. The Group's actual results of operations, financial condition, liquidity and the development of the industry in which it operates may differ materially from the impression created by the forward-looking statements contained in this announcement. In addition, even if the results of operations, financial condition and liquidity of the Group and the development of the industry in which it operates, are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods.

Other than in accordance with its legal or regulatory obligations, De La Rue does not undertake any obligation to update these forward-looking statements, which speak only as at the date of this announcement, and will not publicly release any revisions that may be made to these forward-looking statements, which may result from events or circumstances arising after the date of this announcement.