TIDMXPF
RNS Number : 7349R
XP Factory PLC
07 July 2022
The following amendment has been made to the 'Board changes'
announcement released on 29 June 2022 at 7.00am under RNS No 5335Q:
"Yum! Restaurants Europe Limited" has been included as a historic
directorship of Martin Shuker. All other details remain
unchanged.
The full amended text is shown below.
XP Factory Plc
("XP Factory", the "Company" or the "Group")
Board changes
XP Factory (AIM: XPF), a group of leading UK experiential
leisure businesses operating under the Escape Hunt(TM) and Boom
Battle Bar(TM) brands, is pleased to announce the appointments of
Martin Shuker as Senior Independent Non-Executive Director of the
Company and Philip Shepherd as independent Non-Executive Director
of the Company with effect from the conclusion of the Company's
Annual General Meeting to be held later today ("AGM"). In addition,
Karen Bach will be stepping down as the Company's Senior
Independent Non-Executive Director upon the appointments of Martin
Shuker and Philip Shepherd.
Martin Shuker
Martin has had a long and distinguished career with Yum Brands,
the US Fortune 500 Global hospitality business. He spent 24 years
in a variety of leadership roles, most recently as Managing
Director KFC Western Europe where he had full strategic, growth and
operational responsibility over 1,700 restaurants and 165
franchisees which generated GBP2.3 billion in sales and GBP120
million of profit.
As MD of KFC UK, he more than doubled sales to GBP1.3 billion
and met or exceeded targets in 11 of 13 years.
Martin has demonstrated his ability in consistently achieving
growth and bottom-line performance of established owner-operated
and franchise businesses over a long period of time and has
relevant experience in entering new territories through franchise
routes. He successfully opened new markets in a number of European
countries and has demonstrated his ability to both manage an
established franchise network as well as establishing new networks
in new territories.
Prior to YUM, Martin had a variety of marketing roles with
United Biscuits.
Following his appointment, Martin will chair the Company's
Remuneration Committee.
Philip Shepherd
Philip is a former partner of PricewaterhouseCoopers ("PwC"),
where he originally trained in audit and tax, qualifying as an ACA
in 1987.
Following a career in corporate finance and transaction advisory
services, Philip returned to PwC in 2004 working both in the UK and
overseas, leading Strategy and Deals practices, with a particular
focus on the hospitality and leisure sectors. Since leaving PwC in
2018, he has held a number of board and advisor roles, again with a
focus on hospitality and leisure. He regularly travels abroad where
he advises, and speaks, on the experiential leisure market and
start up opportunities. Philip combines his experience in
accounting and audit with deal evaluation and execution, and has a
deep understanding of the hospitality and leisure markets both in
the UK and globally.
Following his appointment, Philip will chair the Company's Audit
Committee.
Karen Bach
As set out above, Karen, who has served as the Senior
Independent Non-Executive Director on the Board for a number of
years, will be stepping down upon the appointment of Martin and
Philip in order to pursue a number of other board and advisory
opportunities. As a result of this announcement, the resolution to
re-elect Karen Bach as a director of the Company at the AGM will be
withdrawn. Karen has made a valuable contribution to the Board and
as Chair of the Audit Committee.
Commenting on the Board changes, Richard Rose, Chairman of XP
Factory plc, said: "We are delighted that Martin Shuker and Philip
Shepherd have agreed to join our Board. Their respective experience
and skill sets bring an additional dimension to the Board and will
provide significant value to our strategic thinking, operational
success and board governance. I would also like to thank Karen Bach
for her tremendous support of the Company over the last four years
and wish her well in the many other ventures in which she is
involved."
Further information in accordance with paragraph (g) of Schedule
Two of the AIM Rules for Companies ("AIM Rules") is set out at the
end of this announcement.
Enquiries:
XP Factory Plc
https://www.xpfactory.com/
Richard Harpham (Chief Executive
Officer)
Graham Bird (Chief Financial
Officer)
Kam Bansil (Investor Relations) +44 (0) 20 7846 3322
Shore Capital, NOMAD and Broker
https://www.shorecap.co.uk/
Tom Griffiths/David Coaten (Corporate
Advisory) +44 (0) 20 7408 4050
IFC Advisory - Financial PR
https://www.investor-focus.co.uk/
Graham Herring
Florence Chandler +44 (0) 20 3934 6630
Notes to Editors:
About XP Factory plc
The XP Factory Group is one of the UK's pre-eminent experiential
leisure businesses which currently operates two fast growing
leisure brands. Escape Hunt is a global leader in providing
escape-the-room experiences delivered through a network of
owner-operated sites in the UK, an international network of
franchised outlets in five continents, and through digitally
delivered games which can be played remotely.
Boom Battle Bar is a fast-growing network of owner-operated and
franchise sites in the UK that combine competitive socialising
activities with themed cocktails, drinks and street food in a high
energy, fun setting. Activities include a range of games such as
augmented reality darts, Bavarian axe throwing, 'crazier golf',
shuffleboard and others. The Group's products enjoy premium
customer ratings and cater for leisure or teambuilding, in small
groups or large, and are suitable for consumers, businesses and
other organisations. The Company has a strategy to expand the
network in the UK and internationally, creating high quality games
and experiences delivered through multiple formats and which can
incorporate branded IP content. ( https://xpfactory.com/ )
Facebook: EscapeHuntUK BoomBattleBar
Twitter: @EscapeHuntUK @boombattlebar
Instagram: @escapehuntuk @boombattlebar
INFORMATION REQUIRED UNDER SCHEDULE TWO, PARAGRAPH (G) OF THE
AIM RULES
Full name: Martin Raymond Francis Shuker
Age 59
XP Factory plc ordinary shares
held: 0
Current directorships/partnerships: None
Historic directorships/partnerships Kentucky Fried Chicken (Great Britain)
(within previous 5 years): Limited
Kentucky Fried Chicken (Great Britain)
Limited, German Branch
KFC Italy S.r.l.
Yum! Restaurants Europe Limited
Full name: Philip Anthony Shepherd
Age 59
XP Factory plc ordinary shares
held: 0
Current directorships/partnerships: 85 Winchester Street Management
Company Limited
CFT Enterprises Limited
CFT Productions Limited
Chichester Festival Theatre
Culture 24
Hilton Parker Limited
North Drive Maintenance Limited
Historic directorships/partnerships PricewaterhouseCoopers LLP
(within previous 5 years):
There is no further information to be disclosed in relation to
the appointments of either Martin Shuker or Philip Shepherd
pursuant to Schedule Two, paragraph (g) of the AIM Rules.
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END
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