RGD.L Regulatory News (RGD)

10 October 2019

Real Good Food plc

("RGF" or "the Group")

Appointment of Paul Richardson as Executive Director

Real Good Food Plc is pleased to announce the appointment of Paul Richardson to the role of Executive Director of the Company with immediate effect. 

Paul has over 20 years of experience in regulated businesses in financial services, predominately in the UK private banking sector having spent six years at Coutts & Co, ultimately as head of London Private Banking, and then at Barclays Wealth, where he served as a director.

Paul is currently Non-Executive Chairman at Frenkel Topping Group Plc having started there in 2017 as Executive Chairman, where alongside the management team, he developed and implemented the strategy and culture for growing the business. Having achieved this, he stepped back to the role of Non-Executive Chairman. Paul is an admitted solicitor and is also currently a Trustee of WellChild.

Paul's experience in both the commercial and charitable sectors means he brings expertise in culture, strategy implementation, governance and compliance, which will complement the strategic and operational focus of the Managing Directors of our Brighter Foods and Renshaw businesses. The Managing Directors of Brighter Foods and Renshaw will continue to implement the strategy of their respective independent divisions, agreed by and reporting to the Board of the Company as a whole. Paul's role will primarily focus on all Plc related matters such as corporate governance and investor relations together with providing support to the Board and the divisional Managing Directors as the two businesses implement their respective growth strategies.

As a result of the appointment, Mike Holt returns to being a Non-Executive Chairman.

The Company reiterates its commitment to appoint an additional independent Non-Executive Director to further strengthen the Board, the search for which is at an advanced stage. A further announcement will be made in due course.

Mike Holt, Non-Executive Chairman of Real Good Food Plc said;

"We are delighted that Paul has agreed to join the Board of Real Good Food. Paul's skills and experience will further strengthen the management and supervision within the Group and should demonstrate the current Board's commitment to stronger corporate governance and value accretion for all of our shareholders."

As at the date of this announcement, Paul Donald Richardson (aged 53) is not beneficially interested in any Ordinary Shares in the Company.

 There are no other matters which are required to be announced under Schedule 2(g) of the AIM Rules for Companies