Mincon Group Plc Appointment of COO (7976E)

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RNS Number : 7976E

Mincon Group Plc

04 July 2023

Mincon PLC

("Mincon" or the "Group")

Appointment of the Chief Operations Officer

Mincon Group plc (Euronext:MIO; AIM:MCON), the Irish engineering group specialising in the design, manufacture, sale and servicing of rock drilling tools and associated consumable products, today announces the appointment of Tom Purcell as its new Chief Operations Officer (COO) with immediate effect. As COO, Tom will have responsibility for overseeing the daily operations of the company with a focus on our global business of manufacturing, sales, marketing and service.

Tom has been employed by the Group for the last twenty-four years in various roles and capacities. An existing Executive Director on the Board, Tom most recently served as vice president for the company's Americas region, where he has been instrumental in leading the significant growth of the Group's business in the region in recent years. During this period, the region has grown its manufacturing, sales and service footprint while building a strong cohesive team focused on broadening the Group's business in the mining, construction and water well markets.

Hugh McCullough, Group Chairman, commented: "We are delighted to announce Tom's appointment as Chief Operations Officer. Tom has made a significant contribution to the Group in his time here, most recently leading our business units in the Americas. His appointment as COO will provide further leadership and augment the ability of our operations function to continue to drive the success of the Group."

Joe Purcell, Group Chief Executive, said: "I would like to congratulate Tom on his appointment, and I look forward to working more closely with him as I believe it will strengthen our management team and help to improve our focus on the day-to-day running of the business. This appointment will also ensure that the management of the Group is better resourced to capitalise on the exciting opportunities that we are developing through our ambitious product development programs."

Tom Purcell commented: "I am excited and honoured to step into the role of COO and look forward to working closely with the wider Mincon group in implementing our strategic objectives, growing the company's business, and directing the day-to-day management of the company."

Ends

4th July 2023

For further information please contact

Mincon Group plc

   Joe Purcell - Chief Executive Officer               Tel: +353 (61) 361 099

Mark McNamara - Chief Financial Officer

Davy Corporate Finance (Nominated Adviser, Euronext Growth Listing Sponsor and Joint Broker)

   Anthony Farrell    Tel: +353 (1) 679 6363

Daragh O' Reilly

Shore Capital (Joint Broker)

   Malachy McEntyre               Tel: +44 (0) 20 7408 4090

Mark Percy

Daniel Bush

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