TIDMCCT
RNS Number : 8111Q
Character Group PLC
30 June 2022
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018.
Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to
be in the public domain.
LONDON, THURSDAY 30 JUNE 2022
The Character Group plc
(the "Company" or "Group" or Character")
Designers, developers and international distributor of toys,
games and giftware
DIRECTORATE CHANGE
The Character Group plc announces that it has been informed by
Michael Hyde that he will be stepping down from his Executive role
as Managing Director of the Group's Far East operations on 31
December 2022 to pursue other challenges. Whilst Michael will be
relinquishing his executive duties within the Group, he will remain
on the Character Board and become a Non-Executive Director from 1
January 2023.
Commenting on this, Richard King, Chair of Character said:
"On behalf of everyone at Character and all shareholders, we
acknowledge and thank Mike for his loyal service and commitment to
the business over the last 17 years. Over this period he has played
a key role in the improvement and efficiency of our supply chain
management, quality control measures and the development and
motivation of our teams in Hong Kong and China. He hands over to a
strong and competent team who will continue to build on the legacy
he has established."
"As a Board, we are also delighted that he has agreed to
continue in a non-executive capacity, which will continue to allow
the business access to his skills and expertise."
NEW SENIOR APPOINTMENT
The Company is also pleased to announce that, with effect from 5
July 2022, Anthony Wood will be joining the Company as General
Manager of its Far East Operations.
Anthony has a degree in Manufacturing Engineering Technology and
has worked in the manufacturing and logistics chain management
industry since 2009, including over four years managing
manufacturing facilities in China. He is also proficient in
Mandarin Chinese, knowledgeable in Chinese business practices and
nuances and has the experience and expertise to implement and
further develop the Group's strategy in sourcing, product
development, Quality Assurance & Quality Control and direct
shipping functions. Michael will be working closely with Anthony
over the next few months, to ensure an orderly transition of
responsibilities and understanding of the Group's business .
Jon Diver, Joint Managing Director of Character added:
"We thank Mike for the dedication, passion, enthusiasm and
motivation he has brought to Character over his time with the
Group. On behalf of us all we wish Mike and his family well as he
embarks on the next stage of his career and look forward to
continuing our collaborative partnership in his new capacity with
us."
"At the same time, I also take this opportunity to welcome
Anthony to Character and look forward to working with him and the
Far East teams over the coming years to further fulfil our
strategic objectives for the Group's Far East operations."
ENQUIRIES TO:
The Character Group plc
Jon Diver, Joint Managing Director
Kiran Shah, Joint Managing Director
Office: +44 (0) 208 329 3377
Mobile: +44 (0) 7831 802219 (JD)
Mobile: +44 (0) 7956 278522 (KS)
Email : info@charactergroup.plc.uk
Panmure Gordon (Nominated Adviser and Joint Broker)
Atholl Tweedie, Investment Banking
Charles Leigh-Pemberton / Rupert Dearden, Corporate Broking
Tel: +44 (0) 20 7886 2500
Allenby Capital Limited (Joint Broker)
Nick Athanas, Corporate Finance
Amrit Nahal, Sales & Corporate Broking
Tel: +44 (0) 20 3328 5656
TooleyStreet Communications Limited (Investor and media
relations)
Fiona Tooley
Tel: +44 (0) 7785 703523
Email : fiona@tooleystreet.com
Evolution PR Limited (Trade media)
Michele Bates
Tel: +44 (0) 1327 227 010
Email : Michele@evolution-pr.co.uk
FTSE sector : leisure: FTSE AIM All-share: symbol: CCT.L: Market
cap: GBP95.75m
Product ranges can also be viewed at www.character-online.co.uk
.
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END
BOAFIFETRDIIVIF
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