Thorpe(F.W.) PLC Directorate Change (9235D)

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RNS Number : 9235D

Thorpe(F.W.) PLC

24 October 2022

FW Thorpe Plc (the "Company")

Directorate Changes

FW Thorpe Plc announces the following changes to the board structure:

Mr Frans Haafkens will join the Board as an independent non-Executive Director, effective immediately.

Frans is Managing Partner at Dutch investment firm i4hi, a company having direct investments in manufacturing and technology businesses. He spent his formative years with McKinsey & Co. as well as working for a short period in the UK lighting industry.

Frans is a Dutch national who has worked with the Group in recent years supporting the continued success of its Dutch entities, Lightronics and Famostar, both as a consultant and an investor. He is also a minority investor in Ratio Electric B.V., the recent joint venture investment by the Group.

Mike Allcock, Chairman of FW Thorpe Plc said:

"We would like to welcome Frans to the Board as our first recognised independent non-Executive Director.

He brings with him a wealth of experience to support the board following the international growth of the Group, as a result of its acquisitions, over recent years.

The combination of this addition to our board, our experienced non-executives understanding the history of the Group, and our existing executive team, will enable us to continue to strive for sustainable, profitable growth into the future."

The new board structure will be available on our website.

Additional information in accordance with AIM Rule 17 and Schedule 2(g) is disclosed below.

For further information, please contact:

FW Thorpe Plc

Mike Allcock - Chairman and Joint Chief Executive Tel: 01527 583200

Craig Muncaster - Joint Chief Executive and Financial Director

Singer Capital Markets - Nominated Adviser

Steve Pearce / James Moat Tel: 020 7496 3000

Additional Information on the Board Appointment:

The following additional information is provided with regards to the appointment of Frans Haafkens aged 60, in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies:

Current directorships/partnerships:

Haafkens Management & participaties B.V.

EcoForte B.V.

The Compound Company B.V.

Lightronics Participaties B.V.

CMP Property GmbH

Souvenance Holding B.V.

Maatschap GKW

Stichting Boys Inc.

i4hi B.V.

i4hi investments 2 B.V.

Abco Investment B.V.

Spuieweg B.V.

Directorships/partnerships within the last five years:

Resin PT International B.V.

Famostar Emergency Lighting B.V.

Other disclosures:

Frans Haafkens was a director of Hartman Groep B.V., a manufacturer of garden furniture, which went into receivership in August 2005.

Frans Haafkens was also a director of JCI Holding B.V., a supplier of dental crowns and inlays, which went into receivership in April 2007.

Frans Haafkens does not currently hold any shares in the Company.

There are no further disclosures required to be made in respect of the appointment under AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

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