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On 3 August 2026, S & U PLC announced the immediate resignation of Graham Wheeler from its board of directors. This followed Hodge Bank's acquisition of Blue Motor Finance, a company in the same sector as S&U subsidiary Advantage Finance, to avoid a possible conflict of interest, as Wheeler is a director of Hodge Bank and had served S&U for six years.
| Date | 3 Aug 2026 |
| Time | 15:00:00 |
| Category | Board changes |
| ID | 0581P |
3 August 2026
S & U PLC ("S&U" or "the Company")
Directorate Change/Director Resignation
Following the acquisition by Hodge Bank, of which he is a director, of Blue Motor Finance which operates in the same sector as Advantage Finance, an S&U PLC subsidiary, and to avoid any possible conflict of interest, Graham Wheeler has tendered his resignation from the S&U board with immediate effect.
Anthony Coombs, S&U chairman said: "I thank Graham for this wise decision and for the service he has given S&U over the past six years, both as Chief Executive of Advantage Motor Finance and then as a non-executive director. His wise counsel and experience have been invaluable."
For further information, please contact:
|
Enquiries Anthony Coombs |
S&U plc |
c/o SEC Newgate
|
|
Financial Public Relations Bob Huxford, Harry Handyside, Natasha Humphreys |
SEC Newgate |
020 7653 9848 |
|
Broker Andrew Buchanan, Rob Parker |
Peel Hunt LLP |
020 7418 8900
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Broker James Felix, John Welch, Daniel Gee-Summons |
Berenberg |
020 3207 7800 |