THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF
S-Ventures PLC
("S-Ventures" or the "Company" or the "Group")
Changes to Board
S-Ventures (AQSE: SVEN), the company investing in brands across the natural, wellness and food-tech categories, announces that David Mitchell has stepped down from the Board following 3 years as Chairman. David has successfully navigated and supported S-Ventures through its growth journey and played a significant part in executing and overseeing several significant transactions. The Company wishes David the best and thanks him for his work over the last 3 years. The business continues to develop and whilst there have been challenges, David has always been a valued source of strategic input and advice.
Current Non-Executive Director, Robert Hewitt, will assume the position of Chairman on an interim basis.
S-Ventures continues to explore funding alternatives in what remains a fragile capital markets environment and is pleased to report that group profitability on an EBITDA basis remains positive.
For further information, please contact:
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S-Ventures plc Scott Livingston (Chief Executive Officer) |
+44 (0) 203 475 0230 |
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Stephen Argent (Chief Financial Officer)
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VSA Capital, AQSE Corporate Adviser and Broker: Andrew Raca Matt Harker
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+44 (0) 20 3005 5000 |
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