SIG PLC Directorate Change (4874O)

TIDMSHI

RNS Number : 4874O

SIG PLC

01 February 2023

LEI: 213800VDC1BKJEZ8PV53 1 February 2023

SIG plc

(the "Company" or "SIG" )

Appointment of Gavin Slark as Group CEO

SIG announces that Gavin Slark has today been appointed Chief Executive Officer and a Director of the Company. SIG also announces that as of today Steve Francis has stepped down as CEO and as a Director.

These directorate changes follow the announcement on 8 September 2022 that, following its successful turnaround and return to profitability, Steve Francis would step down as CEO early in 2023. At the same time the Board also announced that Gavin Slark had agreed to join the Company as Steve's successor .

Save as set out below, there are no other disclosures required in respect of this appointment pursuant to Listing Rule 9.6.13 (1) to (6).

 
 SIG plc                                                   +44 (0) 114 285 6300 
 A ndrew Watkins     Group General Counsel & Company 
                      Secretary 
 
 FTI Consulting                                            +44 (0) 20 3727 1340 
 Richard Mountain 
 
 Peel Hunt LLP - Joint broker to SIG                       +44 (0) 20 7418 8900 
 Mike Bell / Charles Batten 
 
 Investec Bank plc - Joint broker to SIG                   +44 (0) 20 7597 5970 
 Bruce Garrow / David Anderson

Notes

-- Details of outstanding remuneration payments due to Steve Francis will be disclosed on SIG's website in accordance with section 430(2B) of the Companies Act 2006. He will not receive any payment for loss of office

-- Gavin Slark is currently a Non-Executive Director of Galliford Try Holdings plc, one of the UK's leading construction groups. On 18 January 2023, Galliford Try Holdings plc announced that he will step down as a Non-Executive Director on 31 March 2023

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