08:00 Tue 23 Jul 2019
mporium Group PLC - Directorate Changes and Update on Strategy
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Directorate Changes and Update on Strategy
Board Changes
Tom's appointment to the Board will be effective immediately. Tom has worked with the
The Company is also pleased to announce the appointment of
In addition, as set out in the Notice of AGM sent to shareholders on
The Company intends to appoint an additional, Independent Non-Executive Director in due course and will make a further announcement when appropriate.
Strategy Update
The Company also provides an update regarding the restructuring of the Group and its areas of focus for new business going forward. The Company expects the restructuring plan for the
Going forward, the Company has identified three high-growth, scalable areas in which the business will focus commercial attention:
· High value customer acquisition within sports related markets such as streaming and betting
· Lead generation for the consumer regulation claims market, such as Packaged Bank Accounts and other financial claims
· The cost effective licensing of
"In recent months the Company has made encouraging progress with its restructuring activities and is now emerging with a revised and well-defined strategy. Moving forwards, the business will be narrowing its focus to specific areas, including the sports and consumer regulation sectors, using the pay-for-performance model that characterised the MporiumX division prior to the restructure.
"We have every confidence that our leaner business model will drive growth and, ultimately, deliver greater shareholder value, and I look forward to supporting and advising the business as we move into this exciting new phase."
Enquiries
| 020 3841 8411 |
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finnCap: | 020 7220 0500 |
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Yellow Jersey PR: | 020 3004 9512 |
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Notes to editors
About
Based in the
The information communicated in this announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014.
Regulatory Disclosures -
The following disclosures are required regarding Tom's appointment pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
Full name and age:
Beneficial shareholdings - Tom holds 1,062,705 Ordinary Shares representing approximately 0.1% of the Company's issued share capital. Tom also has 6,250,000 options over Ordinary Shares in the Company.
Current directorships and partnerships:
No other directorships and partnerships held over the last 5 years
No further disclosure is required under AIM Rule 17 and paragraph (g) to Schedule Two of the AIM Rules with respect to
Regulatory Disclosures -
The following disclosures are required regarding Charles' appointment pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
Full name and age:
Beneficial shareholdings - Charles holds 7,300,000 Ordinary Shares representing approximately 0.7% of the Company's issued share capital.
Current directorships and partnerships:
No other directorships and partnerships held over the last 5 years.
No further disclosure is required under AIM Rule 17 and paragraph (g) to Schedule Two of the AIM Rules with respect to
This information is provided by RNS, the news service of the
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