25 April 2023

W.A.G payment solutions plc

(the "Company")

Directorate Changes and AGM Update

Appointment of Steve Dryden

The Company is pleased to announce the appointment of Steve Dryden, as an Independent Non-Executive Director of the Company with effect from 1 June 2023. He will also be appointed as the Chairman of the Audit and Risk Committee, and as a member of both the Remuneration Committee and the Nomination Committee, with effect from the same date.  

Steve is a highly regarded and experienced business leader who brings significant financial and audit leadership experience and business acumen to the Board. Most recently, Steve served as Chief Executive Officer of Flint Group Holdings SARL and has previously held the position of Group Finance Director of DS Smith plc. Steve achieved his professional accountancy qualification with Price Waterhouse and holds a degree in chemical engineering from Leeds University.

Commenting on the appointment, the Company's Chairman, Paul Manduca, said: "Steve is an exceptional candidate. I am absolutely delighted to welcome him to the Board. He has extensive knowledge and experience which will further strengthen the Board's discussions and oversight."

The Directors have determined that Steve is independent and making that determination, the Directors have concluded that there are no other relationships or circumstances which are likely to affect his judgement and that any relationships or circumstances which could appear to do so were not considered to be material. In accordance with Listing Rule 9.6.15, the Company confirms that there are no further details to be disclosed pursuant to Listing Rule 9.6.13.

Resignation of Caroline Brown

The Company further announces that Caroline Brown does not intend to seek re-election to the Board at the Company's Annual General Meeting ('AGM') on 11 May 2023. Caroline will formally retire from the Board at the conclusion of the AGM to pursue other business interests.

The Chairman, Paul Manduca, said: "On behalf of the Board, I would like to thank Caroline for her commitment and contribution to the Board and its Committees. She has brought extensive financial industry experience and has provided excellent guidance and counsel to the Board and the Audit and Risk Committee."

For the purposes of section 430(2B) of the Companies Act 2006, Caroline will receive her pro rata entitlement to non-executive Director fees for the month of May 2023 and is not entitled to any payments for loss of office.

Withdrawal of AGM Resolution

Following Caroline's decision to retire from the Board of the Company on 11 May 2023, the Board confirms that it is withdrawing the resolution to re-elect Caroline Brown as a Director of the Company (Resolution 9 of the Company's Notice of AGM dated 12 April 2023).

The proposed withdrawal of Resolution 9 does not otherwise affect the validity of the Notice of AGM, the proxy form or any proxy votes already submitted on other resolutions. The numbering of all other proposed resolutions at the AGM will remain unchanged.

ENQUIRIES:

Eurowag

Carla Bloom
Head of Investor Relations and Communications
+44 (0) 789 109 4542
[email protected]

Instinctif Partners

Tim McCall, Galyna Kulachek, Bryn Woodward
IR and international media
+44 (0)20 7457 2020
[email protected]

About Eurowag

Eurowag was founded in 1995 and is a leading pan-European integrated payments and mobility platform focused on the Commercial Road Transportation ("CRT") industry. Eurowag's innovative solutions makes life simpler for small and medium businesses in the CRT industry across Europe through its unique combination of payments solutions, seamless technology, a data-driven digital ecosystem and high-quality customer service.       https://investors.eurowag.com

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