Videndum Plc Regulatory News (VID)

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26 September 2023

Videndum plc

Directorate Change

The Board of Videndum plc announces that Ian McHoul, Chairman, has informed the Board of his intention not to seek re-election at the Company's 2024 AGM due to personal reasons. The Board respects Ian's wishes and thanks him for his service and his leadership over the last four years, navigating the Group through the pandemic, the strategic development of its portfolio, and more recently, the challenging macroeconomic environment and the strikes by the US writers and actors.

The Board has commenced a search process for a replacement that will be led by Richard Tyson, Senior Independent Director. 

Ian McHoul was appointed to the Board on 25 February 2019 and succeeded as Chairman on 21 May 2019.

Ian McHoul, Chairman, said:

"I am very pleased with the progress reshaping the Videndum Board, and believe that we are well placed to govern and steer the Group through the current challenging macroeconomic environment and onto its next stage of growth, once the strikes have ended."

Stephen Bird, Group Chief Executive, said:

"On behalf of the Board, I would like to thank Ian for his valuable contribution during his time as Chair. He has led the Board during a period of significant growth and change for the Company. We have started our search for a new Chair and will make an announcement in due course."

In accordance with section 430(2B) of the Companies Act 2006, the Company confirms that, other than fees accrued up to the date of cessation, no remuneration payment will be made by the Company to Ian McHoul after he ceases to be a Non-Executive Director and Chairman, nor will any payment for loss of office be made. This information will be made available on the Company's website until its next Directors' Remuneration Report is made available.

Notes to Editors:

Videndum is a leading global provider of premium branded hardware products and software solutions to the growing content creation market. We are organised in three Divisions: Videndum Media Solutions, Videndum Production Solutions and Videndum Creative Solutions.

Videndum's customers include broadcasters, film studios, production and rental companies, photographers, independent content creators, gamers, professional musicians and enterprises. Our product portfolio includes camera supports, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, LED lighting, mobile power, carrying solutions, backgrounds, motion control, audio capture, and noise reduction equipment.

We employ around 1,700 people across the world in 11 different countries. Videndum plc is listed on the London Stock Exchange, ticker: VID.

More information can be found at: https://videndum.com/

LEI number: 2138007H5DQ4X8YOCF14