Gear4music Regulatory News (G4M)

25 June 2024

Gear4music (Holdings) plc

Board Succession Update

Gear4music (Holdings) plc ("Gear4music", "the Company" or "the Group"), the largest UK based online retailer of musical instruments and music equipment, is pleased to announce the appointment of Sharon Daly as Non-Executive Director, commencing 5 July 2024.

As previously announced, Ken Ford (Non-Executive Chair) and Dean Murray (NED) are approaching the end of their nine-year tenure and are stepping down from the Board on 5 July 2024. Neil Catto, CFO of Revolution Beauty Group Plc and former CFO of BooHoo Group plc, will also join the board as Senior Independent Director ('SID') on 5 July 2024.

Sharon has significant experience of serving on the boards of AIM-listed companies as both executive and non-executive director. Sharon joined Warpaint London PLC as a Non-Executive Director in January 2024 and is a member of their Audit and Remuneration Committees. Sharon has more than 25 years of business experience, predominantly in marketing, international sales and business development roles. Sharon co-founded Venture Life Group in 2010 and made a significant contribution to the growth of the business from inception, until she left in 2023, including its admission to trading on AIM in 2014. Sharon is also an Independent Non-Executive Director at AIM listed Brickability Group Plc, where she is a member of the Audit Committee and Chair of the Remuneration Committee.

Andrew Wass, CEO and Executive Chair designate of Gear4music said:

"Sharon is a highly regarded NED with valuable experience of Plc governance and online consumer businesses and is well placed to support the strategy in pursuit of our growth ambitions."

Sharon Daly, Non-Executive Director designate of Gear4music said:

"I am thrilled to be joining Gear4music as Non-Executive Director at this exciting time in the Company's journey. I look forward to working alongside Neil, Andrew and the rest of the Board and leveraging my experience to further contribute to the Board's effectiveness, helping ensure robust governance structures are in place.

My role as NED will be to support Neil and Harriet Williams in providing a balanced perspective, support transparent decision-making, and facilitate effective communication between the Board and all our stakeholders. Together, I am confident we will continue to drive Gear4music forward while staying true to the principles that have made the business a leader in its field."

- Ends -

Enquiries:

Information regarding the appointment of Sharon Mary Daly (nee Collins), aged 49, as required under Rule 17 and Schedule 2(g) of the AIM Rules for Companies is set out below.

As at the date of this announcement, Sharon Daly does not hold an interest in the ordinary shares of the Company.

Save as set out above, there are no further disclosures pursuant to Rule 17 or Schedule 2(g) of the AIM Rules for Companies in respect of the appointment of Sharon Daly.

About Gear4music (Holdings) plc

Operating from a Head Office in York, Distribution Centres in York, Bacup, Sweden, Germany, Ireland & Spain, and showrooms in York, Bacup, Sweden & Germany, the Group sells own-brand musical instruments and music equipment alongside premium third-party brands including Yamaha, Roland and Roland, to customers ranging from beginners to musical enthusiasts and professionals, in the UK, Europe and the Rest of the World.

Having developed its own e-commerce platform, with multilingual, multicurrency websites delivering to over 190 countries, the Group continues to build its overseas presence.