TIDMANX

RNS Number : 9753J

Anexo Group PLC

22 August 2023

 
 For immediate release   22 August 2023

Anexo Group plc

('Anexo' or the 'Group')

Directorate Change

The Board is delighted to announce that Mark Bringloe will be returning to the Group as Interim Chief Financial Officer ("CFO"). Mark originally joined the Group as Finance Director in 2009 and was appointed CFO upon Anexo's admission to AIM in 2018. He left the Group in July 2022 and since then has been involved in other projects. Mark has been reappointed to the Board with immediate effect.

Prior to joining Anexo, Mark worked at Ernst & Young, Robson Rhodes and BDO, where he was a Corporate Finance Director. He played a key role in guiding the Group through its IPO in 2018 and has a comprehensive understanding of the Group and the broader legal services and credit hire sectors.

Gary Carrington will remain on the Board as Operational/Commercial Director focusing with other senior management on implementation and development of technical processes, and exploring commercial opportunities within the Group to support its growth and diversification in credit hire, HDR and Emissions work streams.

Alan Sellers, Executive Chairman of Anexo Group, commented: "We are delighted to welcome Mark Bringloe back to the Group as Interim CFO. He has worked as an integral part of the management team for many years and his extensive knowledge of the Group's operations and its business and shareholder relationships are a great asset. We would like to thank Gary for his valuable work over the past few months and are very pleased to have him working as part of senior management to use his technical skills in support of the business and the future exciting opportunities for the Group."

AIM disclosures:

A list of Mark's current directorships and partnerships together with those held within the last five years is set out below:

 
 Current directorships          Past directorships / partnerships 
  / partnerships                 within the last five years 
 Opollo Medi Suites Limited     DDL208 Limited 
  Funding Solutions (NW)         Direct Accident Management Limited 
  Limited                        Anexo Group Plc 
  Litigation Finance (NW)        IGCA 2013 Limited 
  Limited                        Professional and Legal Services Limited 
  Opollo Salon Suites Limited 
  Strategic Management (UK) 
  Limited

Mark Andrew Bringloe (aged 50) does not own any shares in the Company.

Mr Bringloe has confirmed that there is no further disclosure required under Paragraph (g) of Schedule 2 of the AIM Rules for Companies.

- Ends -

For further enquiries:

 
 Anexo Group plc                               +44 (0) 151 227 3008 
                                                www.anexo-group.com 
 Alan Sellers, Executive Chairman 
  Nick Dashwood Brown, Head of Investor 
  Relations 
 
   WH Ireland Limited 
   (Nominated Adviser & Joint Broker) 
 Chris Hardie / Hugh Morgan / Darshan           +44 (0) 20 7220 1666 
  Patel (Corporate)                              www.whirelandplc.com/capital-markets 
  Fraser Marshall / Harry Ansell (Broking) 
 
   Zeus 
   (Joint Broker) 
   David Foreman, Louisa Waddell (Investment     +44 (0) 20 3829 5000 
   Banking)                                      w ww.zeuscapital.co.uk 
   Simon Johnson (Corporate Broking)

Notes to Editors:

Anexo is a specialist integrated credit hire and legal services provider. The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm. The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.

Through its dedicated Credit Hire sales team and network of over 1,100 active introducers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services. The Group's Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.

The Group was admitted to trading on AIM in June 2018 with the ticker ANX.

For additional information please visit: www.anexo-group.com . To subscribe to our investor alert service and receive all press releases, financial results and other key shareholder messages as soon as they become available, please visit: https://www.anexo-group.com/content/investors/alert.asp .

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END

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August 22, 2023 02:00 ET (06:00 GMT)

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