ADB Adnams plc

TIDMADB

RNS Number : 3381P

Adnams PLC

08 February 2023

Adnams plc

8 February 2023

Adnams plc

Directorate Change

Adnams plc (the "Company") announces the following changes to its Board of Directors.

Retirement of Non-Executive Directors

Michael Guy Heald

Guy Heald intends to retire as a non-executive director of the Company at the Company's annual general meeting this year. Guy joined the Board in April 2015 and is a long-term supporter of the Company. His family has been involved with Adnams since its very early days and is a major shareholder. Guy has suggested that he be succeeded by his son, Andrew Heald, and the Board have agreed to this seeing it as the natural succession of a major stakeholder in the Company.

Dr. Andy Wood OBE, Chief Executive said:

"We would like to thank Guy and his family for their longstanding support as shareholders and more recently as a Board member underpinning our long-term approach to business. The Company wishes Guy the very best for the future and we are sure he will continue to take a keen interest in the Company's journey going forward."

Guy Heald said:

"It has been a pleasure to be able to support Adnams as both a shareholder and a director over the years and although I feel it is now time for me to retire as a director, I will continue to be a dedicated long term shareholder."

Nicola Dulieu

In accordance with good corporate governance, Nicola Dulieu intends to retire as a non-executive director of the Company at the Company's annual general meeting and, having then been in office for over nine years, will not be offering herself for reappointment.

Dr. Andy Wood OBE, Chief Executive said:

"Nicky joined the Adnams Board in May 2014 and has provided invaluable support to the Company during her tenure, both as a non-executive director and as Chair of the Company's Remuneration Committee. The Company wishes her health, happiness and success in the future."

Nicky Dulieu said:

"It has been a pleasure to be able to support Adnams over the last nine years and I wish the Company every success going forward."

Appointment of Non-Executive Directors

Sacha Berendji

Sacha Berendji has been appointed as a Non-Executive Director of the Company with effect from 3 February 2023. Sacha will also become a member of the Remuneration Committee and the Audit Committee with a view to taking on the Chairmanship of the Audit Committee post completion of the Company's non-executive director induction process. Sacha is currently Operations Director at M&S.

Sacha is a qualified accountant and has extensive experience in the UK retail industry, having worked for over 28 years in the retail sector. Sacha joined M&S in 1994 through their graduate training programme and undertook various retail appointments across the country including General Manager of their Marble Arch Store and Regional Manager for London. He later joined their Property Group as Head of Property Planning & Store Development where he was responsible for both new space development and the store modernisation programme, before being appointed Executive Assistant to the Chief Executive. Following this Sacha joined the General Merchandise division as Director of Merchandising before becoming their Operations Director looking after Stores & Store Operations, Property and Store Development for UK and Ireland.

Dr Andy Wood OBE DL, Chief Executive Officer, said;

"I am delighted that Sacha has agreed to join the Adnams Board at this exciting time for the Company. He brings to the Board extensive retail experience as well as a broad range of skills in business leadership, operations and customer focus. Sacha's experience will be invaluable to the Company as we embark on the next stage of our journey."

Sacha Berendji, Non-Executive Director, said:

"I am delighted to join the Adnams' Board at this exciting time and to be part of the Company's development and progression going forward."

Interests in the Securities of the Issuer

Mr Berendji holds no interest in the securities of the Company, but will be required to acquire GBP25 (nominal value) of Ordinary Shares in the Company in accordance with the Company's articles of association.

Current directorships and partnerships:

Marks & Spencer Company Archive CIC

The New West End Company

Past directorships and partnerships held within the last five years:

None

There are no other matters which are required to be announced pursuant to paragraph 4.9 of the AQSE Growth Market Access Rulebook.

Andrew Heald

Andrew Heald's appointment as a Non-Executive Director of the Company will be proposed at the Company's annual general meeting. Andrew currently holds several other directorships including being a director of Fisher Gin and Hotel Folk.

Andrew has extensive experience in hospitality and distilling and brings complementary skills and experience to the Board, having been involved with Fisher Gin and Hotel Folk for many years.

Dr Andy Wood OBE DL, Chief Executive Officer, said:

"I am pleased that Andrew has agreed to join the Adnams Board following Guy's retirement. His family's support has been invaluable to the Company from the beginning and we look forward to working with Andrew, as an important link to the history and the future of the Company, with new ideas and opportunities whilst maintaining the values that makes Adnams what it is."

Andrew Heald said:

"I am delighted to join the Adnams' Board at this exciting time and to be part of my family's long association with the Company and everything it stands for."

Interests in the Securities of the Issuer

Andrew Heald holds 2,328 A Ordinary Shares of the Company, and so already holds the GBP25 (nominal value) of Ordinary Shares in the Company required to be held by a director in accordance with the Company's articles of association.

Current directorships and partnerships:

CARRICK CAPITAL (UK) LIMITED

EGERTON STUD LIMITED

THE HOTEL FOLK LIMITED

FISHERS GIN LTD

SAGITTARIUS ROYAUME-UNI LIMITED

ZAKARI INVESTMENTS LIMITED

ZAKARI WINES LIMITED

JENNINGS UNDERWRITING LIMITED

Past directorships and partnerships held within the last five years:

EGERTON BLAIN TRADING LLP

OLD SPORT LIMITED

SAGITTARIUS WORLD LIMITED

YAAD RUM LTD

Details of any compulsory liquidations where the new director was a director at the time of, or within the 12 months preceding, such events.

ALEXIE DESIGN AND CONSTRUCTION LIMITED

SAGITTARIUS WORLD LIMITED

There are no other matters which are required to be announced pursuant to paragraph 4.9 of the AQSE Growth Market Access Rulebook.

Enquiries:

For further information please contact info@adnams.co.uk

Notes to editors:

Adnams is a company defined by its values which can be summarised as "doing things right". It has been brewing for over 150 years and produces a range of award winning spirits, cask, keg and bottled beers, which are available in pubs and supermarkets nationwide. The Company has unlisted 'A' Ordinary Shares and its 'B' Ordinary Shares are traded on the AQSE Growth Market.

   Twitter:            twitter.com/adnams 
   Facebook:       www.facebook.com/Adnams 
   Instagram:       www.instagram.com/adnams/ 
   YouTube:        www.youtube.com/user/AdnamsSouthwold 
   Website:          www.adnams.co.uk 

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NEXEAAAPEDEDEFA

(END) Dow Jones Newswires

February 08, 2023 07:31 ET (12:31 GMT)