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1 Sep 2020 10:10
1st September 2020
Ted Baker Plc ("Ted Baker" the "Company" or the "Group")
Appointment of Director
The Board of Ted Baker, the global lifestyle brand, is pleased to announce the appointment of Colin La Fontaine Jackson as a Non-Executive Director with immediate effect.
Colin is appointed to the Board as a Nominee Director for Ray Kelvin, the founder of Ted Baker. A new Relationship Agreement between the Company and Ray has been signed which brings the benefits of access to Ray's unique brand experience and insight, while at the same time introducing clear guidelines that will ensure Board independence is maintained and that the interests of shareholders are prioritised and protected. This agreement also formalises Ray's relationship with the Company through the Board of Directors.
In accordance with the terms of the Relationship Agreement, Ray is entitled to appoint one Non-Executive Director for as long as he retains an aggregate interest equal to or greater than 10 per cent in the issued ordinary share capital of the Company. Ray currently holds an interest of approximately 11.8%.
Colin brings strong corporate finance and legal experience to the Board, having spent over 25 years advising clients across a range of industries. Prior to founding corporate finance boutique Hopton Advisers in 2014, Colin worked at Quayle Munro, ING Barings and Charterhouse Securities. He qualified as a solicitor with Clifford Chance.
John Barton, Chairman, commented: "We are pleased to welcome Colin to the Board and to be able to access Ray's great experience in building the brand over the last 30 years as we continue to make progress with Ted's new Formula for Growth."
The company confirms that there is no further information to be disclosed under the requirements of Listing Rule 9.6.13 in relation to the appointment.
- Ends
For further information contact:
Ted Baker
Peter Hearsey-Zoubie, Company Secretary
Tulchan Communications
Jonathan Sibun / Jessica Reid / Will Palfreyman
Tel: +44 (0) 20 7353 4200
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