Last checked at 27 Apr 2020 07:00
27 April 2020
THE PROPERTY FRANCHISE GROUP PLC
("TPFG", the "Company" or the "Group")
Appointment of Chief Executive Officer
Further to the Company's appointment of Gareth Samples as CEO Designate in February 2020, the Company is pleased to announce that Gareth will formally be appointed to the Board as CEO with effect from 30 April 2020.
Since the time of his appointment Gareth has been working alongside current CEO Ian Wilson, communicating with franchisees, participating in the recent final results investor roadshow and critically, forming strategy on the business' response to the impact of COVID-19. With an orderly transfer of responsibilities having been completed Ian will step down from the Board and retire on 30 April 2020.
With 30 years' property industry experience Gareth brings a wealth of knowledge to the Group. The Board welcomes his leadership at this challenging time for the industry, brought about by COVID-19.
Richard Martin, Non-Executive Chairman of The Property Franchise Group, commented:
"We reiterate our delight that Gareth has joined the Group at this critical time and look forward to the benefit of his leadership as CEO through what will be a changed landscape as a result of COVID-19. We have obstacles to overcome but also potentially some new opportunities to seize to return value to all stakeholders.
"On behalf of the Board of Directors I extend my deep gratitude and respect for Ian's 16 years of dedicated and expert leadership at what for the last six years has been TPFG PLC.
"The Board is extraordinarily grateful to Ian for his stewardship. TPFG has fulfilled the vision of its founders, its mission of bringing uniformity and influencing raised standards across the agency sector, much of this driven by the shrewd commercial acumen of our retiring CEO. We wish Ian a very healthy, happy and long retirement."
Further information to be disclosed pursuant to Schedule 2, paragraph (g) of the AIM Rules:
Gareth Meirion Samples, aged 52, is currently or has previously been a director/partner of the following companies/partnerships within the past five years.
Current Directorships / Partnerships | Previous Directorships / Partnerships within past five years |
Agents Giving (06507703) | Professional Credit Management Limited (06020163) |
Boostyourmarket Limited (11035148) | |
Fig Equity LLP (OC355797) | |
Manor Farm Properties Limited (09060153) | |
Morgan Harbour LLP (OC395687) |
Save as disclosed above, there is no further information required to be disclosed pursuant to Schedule 2, paragraph (g) of the AIM Rules.
For further information, please contact:
The Property Franchise Group PLC Ian Wilson, Chief Executive Officer David Raggett, Chief Financial Officer | 01202 292829
| |
Cenkos Securities plc Max Hartley, Callum Davidson (Nominated Adviser) Julian Morse (Sales)
| 0207 397 8900
| |
Alma PR Susie Hudson Justine James Harriet Jackson
| 0203 405 0205 | |
About The Property Franchise Group PLC:
The Property Franchise Group PLC (AIM: TPFG) is one of the largest property franchises in the UK. The Company was founded in 1986 and has since grown to a diverse portfolio of six brands operating throughout the UK, comprising longstanding high-street brands and a hybrid, no sale no fee agency.
The Property Franchise Group's brands include:
· Martin & Co: a national lettings focused brand
· EweMove: a national, digitally enabled, hybrid sales and lettings brand
· CJ Hole: a full-service estate agency serving the West Country for 151 years
· Ellis & Co: a full-service estate agency serving London for 168 years
· Parkers: a full-service estate agency serving the M4 corridor for 70 years
· Whitegates: a full-service estate agency serving the Midlands and North of England for 40 years
Headquartered in Bournemouth, UK, the Company was listed on AIM on the London Stock Exchange in 2013. More information is available at www.propertyfranchise.co.uk