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On 17 October 2023, Unbound Group plc announced the immediate departure of Non-Executive Director Alastair Miller from its Board, resulting in Gavin Manson becoming the Company's sole director. The Company also stated it is not currently compliant with the Quoted Companies Alliance Corporate Governance Code's requirement for at least two independent non-executive directors.
| Date | 17 Oct 2023 |
| Time | 09:16:24 |
| Category | Board changes |
| ID | 3804Q |
17 October 2023
Unbound Group plc
("Unbound" or the "Company")
Board Change
The Company announces that Alastair Miller, Non-Executive Director, has stepped down from the Board effective immediately.
Gavin Manson is now the Company's sole director. As previously announced, the Company is not currently compliant with the requirement under the Quoted Companies Alliance Corporate Governance Code ("QCA Code", the Company's chosen corporate governance code) for at least two independent non-executive directors. The Company would seek to remedy this situation and reconstitute its board of directors at the time that any Transaction (as defined in the Company's announcement released on 27 July 2023) is completed, in order to ensure compliance with this aspect of the QCA Code.
The Company continues to explore opportunities for a Transaction, albeit these remain at an early stage there can be no certainty that any Transaction will ultimately be completed. Further announcements will be made as appropriate.
Enquiries
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Unbound Group plc Gavin Manson |
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Singer Capital Markets (Nominated Adviser & Broker) Peter Steel / Tom Salvesen / Alaina Wong / James Fischer |
+44 (0)20 7496 3000 |