Propty Franchis Regulatory News (TPFG)

21 September 2020

RNS Reach

THE PROPERTY FRANCHISE GROUP PLC

(the "Company" or the "Group") 

Appointment of Managing Director of Martin & Co (South and Scotland)

The Property Franchise Group, one of the UK's largest property franchises, is pleased to announce the appointment of Eric Walker as Managing Director of Martin & Co (South and Scotland). Eric will take up this role with immediate effect.

Eric brings with him a wealth of experience in the property franchise arena along with expertise in sales, lettings and financial services having worked in the industry for more than 30 years.

Eric will oversee the implementation of the exciting growth initiatives outlined in the Group's recent results announcement over the next three years within Martin & Co, working with its franchisees to help them maximise opportunity and profits. Alongside this Eric will take the lead on ensuing best practice in line with the Regulation of Property Agents (RoPA) legislation across The Property Franchise Group.

The Group intends to appoint a Managing Director of Martin & Co (Midlands and North) in due course.

Gareth Samples, Chief Executive Officer of The Property Franchise Group, said:

"I am delighted to welcome Eric to the group. To have hired someone of Eric's extensive experience and ability is a real coup for the Group and his appointment is a step forward in our plan to strengthen the operational support for our franchisees, supporting their growth. I look forward to working closely with him and the rest of the senior leadership team to implement our growth strategy over the coming years."

Eric Walker commented:

"I am extremely excited to be working with the Property Franchise Group team and have been immensely impressed with their strategies for the future. They have a focus on growth and customer service underpinned by embracing future regulatory changes, which I believe is essential for success in this industry. I very much look forward to leading on this important aspect of the strategy going forward."

For further information, please contact:

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 grown substantially. Per annum, the Group's franchised network currently lets circa 32,000 properties, sells circa 11,000 properties, and manages circa 58,000 properties. The network generated revenues of £93m in FY 2019 and employed roughly 2,250 people at the end of 2019.

The Property Franchise Group's brands include its traditional portfolio: Martin & Co, CJ Hole, Ellis & Co, Parkers and Whitegates, and its digitally enabled hybrid brand: EweMove.

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