SUR.L Regulatory News (SUR)

26 May 2021

Sureserve Group plc

("Sureserve" or the "Group")

Appointment of Chairman

Sureserve, the compliance and energy services group, is pleased to announce that Nick Winks will join the Board as independent Non-Executive Chairman of the Group with immediate effect. Robert Legget will resume his role as Senior Independent Director of the Group.

Nick's early career saw him hold a variety of senior management roles including as MD or CEO of a number of businesses, both private and public. Since then, he has been focused on leading business change projects and has worked with many businesses to drive improvements in operating performance, cash generation and debt structures.

Nick is currently Chairman of Virtua Group, a Non-Executive Director at Rainham Industrial Services and Executive Chairman and CEO at John Charcol Group. He has held previous key management or board roles, increasing value at a range of public and private companies including Claimar Care plc, Eleco plc, PCFG plc, Connect Group plc, Escher Group plc and Inspecs Holdings plc. Nick is a Fellow and past Director of the Institute for Turnaround.

Nick will be a member of the Group's audit, nomination and remuneration committees.

The Group continues the formal process to appoint a new Chief Executive and will provide an update in due course.

Robert Legget, Senior Independent Director, commented:

"Nick brings with him considerable commercial and leadership experience as we embark on the start of a new stage of the Group's development, with the objective of delivering organic and inorganic growth. Both I and the rest of the Board look forward to supporting Nick in his role as Chairman."

Nick Winks, Chairman of Sureserve, commented:

"I am delighted and honoured to be chosen to be Chairman of Sureserve. After a short acclimatisation I shall prioritise the search for a Chief Executive to lead the management in their efforts to drive growth and execute the Group's buy-and-build strategy."

Notes to editors

Sureserve is a leading Compliance and Energy Services group that performs critical functions in homes, public and commercial buildings, with a focus on clients in the UK public sector and regulated markets. Services are delivered through two divisions: Compliance and Energy Services.

The Group was founded in 1988 and is headquartered in Basildon and currently employs some 2,299 staff.

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Nicholas Paul David Winks, aged 73, holds or has held in the past 5 years the following directorships and partnerships:

The following disclosures are made as required under sections (v) to (vii) paragraph (g) of Schedule 2 of the AIM Rules for Companies in connection with Nick Winks' profession as a business recovery and turnaround specialist:

Mr Winks was appointed as a director and chairman of Colorgraphic plc and its subsidiaries, namely CCS Pippbrook Limited, CCS Computalist Limited, Chartwell One Limited, Chartwell Two Limited, Chartwell Three Limited, Chartwell Four Limited, Color Response Limited, Colorgraphic Group Pension Trustees Limited, Colorgraphic Leasing Limited, Colorgraphic North America Limited, Colorgraphic Overseas Limited, Colorgraphic Services Limited, Lobbysun Limited and Pippbrook Software Limited in or around May 1991. In July 1992, these companies were placed into administrative receivership and subsequently, into a voluntary creditors' liquidation in January 1993. Mr Winks resigned as director of these companies in July 1993. Colorgraphic plc was finally dissolved in May 2007 and the dissolution of its subsidiaries, followed shortly. The deficiency as regards creditors was approximately £7.5 million. Chartwell Four Limited was finally dissolved in May 2015; however, in October 2015 it was restored to the Register of Companies due to a litigious claim.

Mr Winks was appointed as a director of Evans Mechanical Services Limited on 5 November 2010 and resigned as director on 1 July 2011. On 19 January 2012, the company was placed into creditors' voluntary liquidation and dissolved on 20 August 2014. The deficiency as regards creditors was approximately £665,000.

Mr Winks was appointed as a director of Jubb Limited on 17 April 2003. On 6 October 2004, the company was placed into administration and subsequently, a voluntary creditors' liquidation on 25 November 2005. The company was finally dissolved in May 2007 with no deficiency as regards creditors.

Mr Winks was appointed as a director of Patientline plc on 18 May 2006 and resigned as director on 25 July 2008. On 28 July 2008, the company was placed into administration and on 12 September 2008, the company and its relevant subsidiaries were sold to Hospedia Group Limited for £46.0 million. The company was finally dissolved on 27 May 2009 and the deficiency as regards creditors was approximately £34.7 million.

Mr Winks was appointed as a director of Panacea Group and its subsidiaries, namely Project Potion Group Limited, Project Potion EBT Limited, Project Potion GH Limited and Project Potion Holdings Limited, in February 2009. On 13 December 2010, these companies were placed into a voluntary creditors' liquidation. The companies were finally dissolved between 2012 and 2013. The deficiency as regards creditors was approximately £11.0 million.

Mr Winks was appointed as chairman of Reabold Resources plc (formerly Adventis Resources plc) on 14 February 2011 and resigned as director on 19 December 2012. On 23 July 2012, the company was placed into administration and subsequently, a company voluntary arrangement commenced on 19 December 2012. The voluntary creditors' arrangement was completed on 2 October 2013 with a deficiency as regards unsecured creditors of approximately £9.6 million.

There is no further information required to be disclosed in respect of the above appointment pursuant to Rule 17 and Schedule 2 (g) of the AIM Rules for Companies.