NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

6 December 2023

Hostmore plc

Appointment of CFO and Director

The Board of Hostmore plc ("Hostmore" or the "Company") is pleased to announce that Matthew Bibby has been appointed as permanent Chief Financial Officer and a director of Hostmore effective immediately.  Since 8 September 2023, Matthew has been acting as the Interim Chief Financial Officer.

Matthew joined the Hostmore group (the "Group") in 2019 as Head of Finance and in 2022 became the Group's Finance Director.  Prior to this, he was at Whitbread for fourteen years, latterly as Head of Finance, Procurement and Supply Chain having held management roles within the Finance Department.

As a part of Matthew's remunerative package, it is proposed that he will receive a one-time share award with a value of £50,000 on a gross basis, equivalent to approximately 130,000 shares on an after-tax basis at yesterday's closing price of 20.5p.  This is expected to be structured as: (i) an award made by the trustee of the Hostmore plc 2021 Employee Benefit Trust of a certain number of shares in the Company to be determined after the market closes on the date of the award; and (ii) a cash bonus by the Company of an amount which, after income tax and employee National Insurance contributions, is sufficient for Matthew to pay the income tax and National Insurance contributions on the share award.

Matthew's remuneration package will be in accordance with the Company's Remuneration Policy and will be fully disclosed in the 2023 annual report's Directors' Remuneration Report.

The Company confirms that there is no further information to be disclosed under the requirements of Listing Rule 9.6.13R in relation to Matthew's appointment.

Stephen Welker, Chairman, commented:

"Matthew has impressed the Board immensely during his period as Interim CFO, particularly with his financial, commercial, and operational experience, as well as his knowledge of our business.

The Board is pleased that Matthew has accepted the permanent CFO position and we look forward to working with him to deliver on our key objectives for the business."

ENDS

Enquiries

Hostmore plc

Julie McEwan, Chief Executive Officer

Email: [email protected]

Dentons Global Advisors

Jonathon Brill / James Styles     Tel: +44 (0)20 7664 5095

Email: [email protected]