HYVE.L Regulatory News (HYVE)

25 January 2018

ITE Group plc

 ("ITE" or the "Group") 

Board Changes 

ITE Group plc announces the following Board changes.

The Group is pleased to announce the appointment of Richard Last as the Non-Executive Chairman, effective from 12 February 2018. Richard is an experienced Chairman, with over 30 years of public company board experience, particularly in the technology and communications sectors. He is currently the Chairman of Gamma Communications plc, a communications group and Tribal Group plc, a technology group. Richard is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA).

Neil England, who has been serving as Chairman, will return to his role as a Non-Executive Director, once Richard joins the Group.

With the task of the recruitment of the new Chairman completed, Linda Jensen, Senior Independent Director, has decided that it is the right time to step off the Board to focus on her international business commitments. Linda will remain on the Board until 30 April 2018 to allow time for an orderly handover.

Neil England, Chairman, said:

"On behalf of the Board I would like to welcome Richard to ITE and we are looking forward to working with him. I also want to take this opportunity to thank Linda for her wisdom and considerable commitment in her time on the ITE Board, serving as Senior Independent Director and formerly as Chair of the Remuneration Committee."

Mark Shashoua, Chief Executive Officer, commented:

"Richard is joining ITE at an exciting time, as we begin to deliver on our Transformation & Growth programme ("TAG"). Richard's experience in transforming businesses will be enormously beneficial as we continue to evolve the business. I am looking forward to working with him and benefitting from his insights. I would also like to thank Neil for his advice and guidance during his tenure as Chairman."

Richard Last, said:

"I am delighted to be joining ITE at this juncture and I look forward to leading the Board and helping to guide the business through the implementation of the TAG programme and to its future success."

***

Additional disclosures required under Listing Rules 9.6.13 R (1) to (6) in relation to his appointment. 

1. Details of all directorships held by the director in any other publicly quoted company at any time in the previous five years, indicating whether or not he is still a director; 

Current:

Arcontech Group plc

British Smaller Companies VCT2 plc

Corero Network Security plc

Gamma Communications plc

Lighthouse Group plc

Tribal Group plc

Former:

Parseq plc

Servelec Group plc

2. Any unspent convictions in relation to indictable offences;

None

3. Details of any receiverships, compulsory liquidations, creditors voluntary liquidations, administrations, company voluntary arrangements or any composition or arrangement with its creditors generally or any class of its creditors of any company where the director was an executive director at the time of, or within the 12 months preceding, such events;

Richard is a former director and shareholder in Cord Developments Limited, which was put into members voluntary liquidation on 26th February 2016. This was a fully solvent liquidation with no creditor being left unpaid. Richard was also a Non-executive Director of Crown Products Group which went into administration in 1999, eight months after he had left the board.

4. Details of any compulsory liquidations, administrations or partnership voluntary arrangements of any partnerships where the director was a partner at the time of, or within the 12 months preceding, such events;

None

5. Details of receiverships of any asset of such person or of a partnership of which the director was a partner at the time of, or within the 12 months preceding, such event;

None

6. Details of any public criticisms of the director by statutory or regulatory authorities (including designated professional bodies) and whether the director has ever been disqualified by a court from acting as a director of a company or from acting in the management or conduct of the affairs of any company:

None

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About ITE Group plc

ITE Group plc was founded in 1991 and is now one of the world's leading organisers of international exhibitions and conferences.

ITE Group's strategic vision is to create the world's leading portfolio of content-driven, must-attend events delivering an outstanding experience and ROI for our customers. The Group recently launched its Transformation & Growth (TAG) programme, which is designed to transform the Company from a geographic-led business to a product-led business that focuses on market-leading events, wherever they are in the world. ITE strives to run the best shows and offer the best service to its customers throughout the world regardless of location. By putting exhibitors and visitors at the heart of everything we do, we plan to drive sustainable growth for our shareholders.

ITE Group is a public limited company and has been listed on the main market of the London Stock Exchange since 1998.