AJ Bell PLC Appointment of Non-Executive Director (9584F)
July 13 2023 - 6:35AM
UK Regulatory
TIDMAJB
RNS Number : 9584F
AJ Bell PLC
13 July 2023
13 July 2023
AJ Bell plc ('AJ Bell' or 'Company')
Appointment of non-executive director
As announced when Andy B ell stepped down from the Board in
September 2022, it was agreed that whilst he remained a significant
shareholder he would retain the right to nominate a non-executive
director to represent his interests on the Board.
The Board is pleased to announce that this agreement has now
been formalised, with the Company having entered into a
relationship agreement ('Relationship Agreement') with Andy under
which he is entitled to certain rights, including the nomination of
a non-independent non-executive director for appointment to the
Board for as long as he and his connected persons hold a
significant proportion of the Company's voting rights.
Pursuant to the Relationship Agreement , AJ Bell is pleased to
announce the appointment of Les Platts, who has been nominated by
Andy, as a non-independent non-executive director of the Company
with immediate effect.
Les, a former Deloitte senior partner, was the chair of the
Company before stepping down at the conclusion of the January 2022
AGM, having then served for more than 9 years on the Board.
Les currently has an interest in 310,447 shares in the Company
which represents 0.0753% of the issued share capital.
Commenting on today's announcement, Fiona Clutterbuck, Chair of
AJ Bell, said:
"I am delighted to welcome Les to the Board and look forward to
working with him. Les' in-depth knowledge of the financial services
sector generally and AJ Bell in particular will further enhance the
experience on the Board and help us drive the future growth of the
Company."
Commenting on his appointment, Les Platts said :
" I am pleased to be joining the Board and look forward to
playing my part in the continued success of AJ Bell and in
supporting the relationship with Andy as a major shareholder."
There is no other information regarding the appointment to be
disclosed under paragraph 9.6.13R of the Listing Rules.
Contacts:
AJ Bell
-- Shaun Yates, Investor Relations Director +44 (0) 7522 235
898
-- Charlie Musson, Brand and PR Director +44 (0) 7834 499
554
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END
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July 13, 2023 06:35 ET (10:35 GMT)
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