UBG.L Regulatory News (UBG)

06 September 2022

Unbound Group plc

("Unbound Group" or the "Company")

Directorate Change

Unbound Group plc (AIM: UBG) announces that Dan Lampard, Chief Financial Officer (CFO), intends to step down from the role and the Board effective from 1 October 2022, to take up the position of CFO with another business. The Board would like thank Dan for his contribution during his time with the Company.

Gavin Manson, currently a Non-Executive Director of the Company, will take over as Chief Financial Officer with effect from 1 October 2022. Gavin is a highly experienced listed company CFO, who has led digital and business transformation in the consumer sector in the UK and internationally for over 30 years.

He has been a director of Hotter Shoes, Unbound Group's main trading business, since 2017 and was instrumental in developing the Company's growth strategy. Gavin will step down as Chair of the Audit and Risk Committee also with effect from 1 October 2022 and a search for a replacement has commenced. Kate Rock will be appointed as interim Chair of the Audit and Risk Committee from 1st October.

Together with Chief Executive Officer Ian Watson, Dan will present the Company's interim results for the six months ended 31 July 2022 which will be announced on Tuesday 20 September 2022. 

Neil Johnson, Chairman of Unbound Group plc, commented: 

"The Board thanks Dan for his contribution to the Group through the AIM listing process and beyond, and we wish him well in his new role. We are delighted that Gavin has agreed to reassume an executive role as Chief Financial Officer. With his extensive and highly relevant public markets experience, and his deep knowledge of the business, he is ideally placed to support our Chief Executive Officer Ian Watson in delivering Unbound Group's strategy."

 ENDS

Enquiries

Unbound Group plc Neil Johnson, Chairman

Ian Watson, Chief Executive Officer 020 3874 8300

Vico Partners Sofia Newitt snewitt@vicopartners.com 020 3957 5045

Singer Capital Markets

Peter Steel, Tom Salvesen, Alaina Wong, Kailey Aliyar

0207 496 3000

Notes to Editors

Unbound Group plc

Unbound Group plc is the parent company for a group selling a range of brands focused on the 55+ demographic. Unbound Group will build on the solid foundation of Hotter Shoes, its current main business, to grow value through its curated, multi-brand retail platform supporting the active lifestyles of the 55+ demographic with a range of products and services. Unbound Group's platform will be powered by Mirakl's leading marketplace technology to enable the Group to partner seamlessly with selected third-party brands. Unbound Group's expanded offering beyond footwear will feature a broad range of active lifestyle products and services, with third-party complementary brands featuring alongside new Unbound Group brands, as well as Hotter.

Hotter Shoes

Hotter Shoes, an Unbound Group plc company, is one of the UK's leading specialist footwear brands, selling over 1.4 million pairs of shoes per year. Hotter's footwear has an uncompromising focus on 'customised comfort' and perfect fit through the use of its differentiating technology, including its e-commerce platform, 3D foot scanner and augmented reality app which enables the consumer to try products virtually from home. Hotter has been transformed from a retail to a digitally led, omni-channel business over the past 3 years, selling its footwear to over 4 million customers via online, its direct mail order channel and its targeted 17 Technology Centres and 8 garden centre concessions in the UK. With its clearly defined, large and growing target demographic, Hotter now reaches 29% of the female population in the UK over the age of 55. Digital partnerships have recently been established with several online retailers including Next, John Lewis, The Very Group and M&S.