NAK.L Regulatory News (NAK)

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

28 March 2019

Nakama Group plc

("Nakama" or the "Group")

Directorate change

Appointment of Robert Thesiger as Chief Executive Officer

Nakama Group plc (AIM: NAK), the AIM quoted recruitment consultancy working across UK, Europe and Asia providing recruitment and related services for the web, interactive, digital media, IT and business change sectors, is pleased to announce that Robert Thesiger will join the Board of Nakama on 1 April 2019 as Group Chief Executive Officer. At the same time Andrea Williams will reassume the role of Non-Executive Director, the position she held prior to becoming the Group's Chief Executive Officer in January 2018.

Robert Thesiger has worked in the recruitment sector for over 25 years and was most recently founder and Chief Executive Officer of The FISER Group Limited. Prior to this he was Chief Executive Officer of both Imprint PLC and Morgan Mckinley Limited. Robert is a graduate of Exeter University and Cranfield Business School.

Tim Sheffield, Chairman of Nakama Group plc, said: "We are delighted to appoint someone of Robert Thesiger's calibre and track record. I have known Robert for many years and look forward to working together to grow and develop Nakama. Over the past year, Andrea Williams and the management team have made much needed changes to the business, streamlining the operating businesses and improving financial controls. After a challenging period, we now look forward to implementing a strategy that delivers top line growth with acceptable profit margins. I would like to take this opportunity to thank Andrea for her contribution and look forward to continuing to work with her in her capacity as a Non-Executive Director."

Robert Thesiger said: "I am pleased to join the Board of Nakama as Chief Executive. This is a business that is well positioned for growth but has previously struggled to compete in challenging market conditions. I look forward to working with the Board and management team, bringing my many years' experience of driving growth, creating a culture that we will be proud of, and delivering value to shareholders."

Andrea Williams, Chief Executive Officer of Nakama Group plc, said: "I am very pleased to welcome Robert to Nakama. His background and track record growing recruitment businesses will stand Nakama in good stead as it embarks on the next phase of its development. I would like to thank everyone at Nakama and Highams for all their efforts over the last 12 months, I have thoroughly enjoyed working with everyone in the team. I look forward to continuing my involvement with the business and working with Robert in my capacity as Non-Executive Director."

Regulatory Disclosures

In accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies, Robert Cedric Thesiger, aged 48, is, or has been within the last five years, a director or partner in the following companies and partnerships:

There is no other information required to be disclosed under the AIM Rules for Companies.

Notes to Editors:

Nakama Group plc is a recruitment group of two branded solutions placing people into specialist and management positions:

· Nakama operates in the digital, creative, media, marketing and technology sectors all over the world from offices in the UK and Asia; and

· the Highams brand specialises in the Financial Services sector, specifically Business Change and IT in Insurance and Wealth Management currently in the UK and Europe.

Nakama Group plc was created in October 2011 through the acquisition of Nakama Ltd UK and its subsidiaries in Hong Kong and Singapore by AIM listed Highams Systems Services Group plc.