MySale Group PLC Directorate Change (4489H)
November 15 2018 - 2:01AM
UK Regulatory
TIDMMYSL
RNS Number : 4489H
MySale Group PLC
15 November 2018
15 November 2018
Directorate Change
MySale Group plc (AIM: MYSL) (the "the group"), the leading
international online retailer, today announces that Iain McDonald,
non-executive Chairman of the group, has informed the board that he
will stand down as Chairman, at the conclusion of the forthcoming
Annual General Meeting (AGM) on 3 December 2018, in order to focus
on a smaller number of business interests.
The board has commenced a process to appoint a successor for the
role and will provide an update before or at the time of the
AGM.
Iain McDonald commented:
"After three years as Chairman of MySale, I have taken the
decision to step down in order to focus more time on the
development of my technology investment business. It has been a
tremendous experience to work with the team during this period and
be a part of the MySale growth story, and I wish them well for the
future."
Carl Jackson, Chief Executive Officer noted:
"On behalf of the board I would like to thank Iain for his
contribution, commitment and stewardship over the last three years
and for his role in the strong progress the group has made over
this time."
The information contained within this announcement is deemed to
constitute inside information for the purposes of article 7 of the
Market Abuse Regulation (EU) no. 596/2014. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
Enquiries:
MySale Group plc
Carl Jackson, Chief Executive Officer +61 (0) 414 817 843
Graeme Burns, Investor Relations +44 (0) 777 585 4516
Zeus Capital Limited (Nominated Adviser
& Joint Broker) +44 (0) 20 3829 5000
Nick Cowles/Andrew Jones, Corporate Finance
Benjamin Robertson, Corporate Broking
N+1 Singer (Joint Broker) +44 (0) 20 7496 3000
Mark Taylor
MHP Communications (Financial PR Adviser) +44 (0) 20 3128 8570
Simon Hockridge
Giles Robinson
Peter Lambie
About MySale Group
MySale is a leading international online retailer with
established retail websites in Australia, New Zealand, South-East
Asia and the United Kingdom. Founded in 2007, the Group provides
customers with access to outstanding brands and products at
discounted prices whilst simultaneously providing brand partners
unique international inventory and sales solutions.
The Group provides a flexible marketplace solution in ANZ, SE
Asia and the UK for domestic and international brands The Group
offers a number of solutions for brands including 1P, 3P (strategic
partners, managed and self-managed). The core product categories
are womenswear, menswear, footwear, sports, health & beauty,
homewares, technology and personalised gifts
Customers' shopping experiences are enhanced by the Group's
deployment of leading edge technology to ensure personalised and
localised product offerings. The customer experience has been at
the heart of the Group's technology development since the earliest
days and now mobile commerce is the Group's main sales channel.
Proprietary technology innovations deployed include the Ourpay
'buy-now, pay-later' solution which has proved popular with over
130,000 customers using the solution.
The Group's online sales are supported by a robust and flexible
network of in-house supply chain infrastructure and technology that
enables MySale to offer products from around the world for sale and
delivery to customers in each territory.
As a result of these exceptional capabilities in inventory
management and international sales MySale has built an enviable
portfolio of over 2,500 brand partners from whom products are
sourced.
The Group operates websites under a number of different brands
all of which operate on a uniform technology platform and a single
international logistics infrastructure.
The Group operates 24 websites in eight countries; OzSale and
BuyInvite in Australia; NzSale in New Zealand; SingSale in
Singapore; MySale in Malaysia, Thailand, the Philippines, the
United Kingdom and Hong Kong, and Cocosa in the United Kingdom,
Australia and New Zealand; whilst the Group's retail websites are
Deals Direct, OO.com and Top Buy in Australia and Identity Direct
in Australia and New Zealand.
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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
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END
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