PURP.L Regulatory News (PURP)

Purplebricks Group plc

("Purplebricks", the "Company" or the "Group")

Directorate Changes

Purplebricks appoints a new Chief Financial Officer

Purplebricks, the UK's leading tech-led estate agency, is pleased to announce the appointment of Dominique Highfield as Chief Financial Officer. Dominique will join Purplebricks and the Board with effect from 1 November 2022.

Dominique joins Purplebricks with 15 years' experience in finance including at Sainsbury's, Amazon and, most recently, as Director of Finance at Pentland Brands, the large privately-owned business housing well-known retail brands. She qualified as a Chartered Accountant whilst at PwC.

Steve Long will step down from his role as Chief Financial Officer and the Board with effect from 1 November 2022. He will remain with the business until the end of November to support the transition.

Commenting on the appointment, Paul Pindar, Chairman, said:

"On behalf of the Board I would like to thank Steve for his contribution and supporting Helena as she transitioned into the CEO role. We wish him the very best with his future endeavours. I am delighted to welcome Dominique to the Company as Chief Financial Officer. Dominique brings strong and relevant financial and strategic experience alongside a commercial attitude and an energy and determination that aligns with Helena's. I believe the partnership between Helena and Dominique is exactly what Purplebricks needs to create a better, sustainable performance."

Helena Marston, Chief Executive Officer, said:

"I am excited to welcome Dominique to Purplebricks. Dominique is a seasoned financial executive and is well-equipped to work with our senior executive team to help us return to sales growth and gross margin improvement at pace. Dominique has a reputation for being a strong, 'hands on' organisational leader and an excellent collaborator with commercial teams.  I thank Steve for all the support he has given me since I became CEO and I wish him the very best for the future."

Dominique Highfield, said:

"I am proud and inspired to be joining Purplebricks. I believe the brand's offering to consumers is incredibly relevant and much needed during the current climate, and that we can make a real difference to real people. Helena and I share high aspirations for the performance of the business. I am excited by the calibre, commitment and customer-focused culture within the Purplebricks team, along with the clarity of Helena's plan.

I look forward to bringing my commercial finance experience to the Board and Executive Leadership Team. I am passionate about leading the finance function through the business' next chapter of growth, making sure finance has a pivotal seat at the table - influencing sustainable cash and profit growth."

Background on Dominique Highfield

Dominique Highfield (previously Lucas-Lucas) (age 37) is a Chartered Accountant who has worked in multiple commercial finance roles across key consumer brands and tech disruptors including Sainsbury's, Amazon and Pentland Brands.

As Director of Finance and a Board Member at Pentland Brands, Dominique led Global Finance in one of the UK's largest privately-owned businesses. During the pandemic she led significant transformation to improve the underlying health of the business. 

She holds or has held the following directorships or partnerships in the past five years:

Dominique does not hold any shares in the Company.

The information above is disclosed in accordance with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies.

Save as disclosed above, there are no further disclosures to be made in accordance with Rule 17 or Schedule 2(g) of the AIM Rules for Companies.

For further information, please contact:

Purplebricks

Helena Marston, Chief Executive Officer

Peter Hewer, Director of Corporate Affairs

Fiona O'Nolan, Equitory, Investor Relations  investors@purplebricks.com

Zeus (Nominated Adviser and Broker)

Jamie Peel, Andrew Jones, James Hornigold (Investment Banking) + 44 (0)20 3829 5000

Ben Robertson (Corporate Broking)

MHP Communications

Alan Tovey +44 (0)7833 437044

About Purplebricks

Purplebricks is a leading technology-led estate agency business, based in the UK. Purplebricks combines highly experienced and professional Local Property Partners and innovative technology to help make the process of selling, buying or letting more convenient, transparent and cost effective. Purplebricks shares are traded on the London Stock Exchange AIM market.