Luceco Regulatory News (LUCE)

Luceco plc

Board changes

The Board of Luceco plc (the "Group" or "Luceco"), the manufacturer and distributor of high quality and innovative wiring accessories, LED lighting and portable power products, announces that John Barton, the Senior Independent Director, has informed the Board that he will not stand for re-election at the AGM on 4 June 2020 to allow him to devote more time to his other business and wider interests.

The process to appoint a new Senior Independent Director is at an advanced stage and will be announced in due course.

Caroline Brown, currently Non-Executive Director and Chair of the Audit Committee, will serve as Interim Senior Independent Director from the AGM until a new Senior Independent Director joins the Board.

Giles Brand, Chairman, said: 

"I would like to thank John for his contribution to the Group over the last four years. His experience, wise counsel and sense of humour have been much appreciated and invaluable to the Board and senior management team. We wish him all the best for the future."

- ENDS -

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Business summary

Luceco is a manufacturer and distributor of high quality and innovative wiring accessories, LED lighting and portable power products for a global customer base.

The Group supplies trade distributors, retailers, wholesalers and project developers with a wide range of products which broadly fall into the following market recognised brands:

· British General ("BG"): wiring accessories (including switches, sockets), circuit protection and cable management products;

· Luceco and Kingfisher Lighting: energy efficient LED lighting products and associated accessories;

· Masterplug: cable reels, extension leads, surge protection, timers and adaptor products; and

· Ross: television wall mounts, audio visual accessories and other items.

Luceco's long-established BG brand commands a loyal following amongst professional electrical contractors in both the UK and overseas. It is synonymous with quality, safety, innovation and value for money. The production of BG wiring accessories is the main focus of the Group's Chinese manufacturing facility, allowing it to control product quality, cost and availability.

The Luceco and Kingfisher LED lighting brands combine to present a comprehensive range of indoor and outdoor LED lighting solutions. The range focuses largely on professionally installed products with an emphasis on performance and quality. The Group is able to support these products by offering customers access to its in-house installation design team.

Masterplug is the market leading brand in the UK Portable Power category. It is sold largely to consumers through retail distribution and online. Its products are offered in a wide range of global electrical standards and they are sold in every territory in which the Group operates.