Directorate Change

20 August 2018
Directorate Change
RNS Number : 2210Y
Xpediator PLC
20 August 2018

20 August 2018

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

XPEDIATOR PLC

(“Xpediator” or “the Company” or “the Group”)

Appointment of Chief Financial Officer

The board of Xpediator, (AIM: XPD), a leading provider of freight management services across the UK and Europe, is pleased to announce the appointment of Stuart John Howard as Chief Financial Officer of the Group. Stuart will replace the current Chief Financial Officer, Richard Myson, with effect from 1 September 2018, whose intended retirement from the Group was announced on 15 May 2018.

Stuart, aged 47, is a qualified chartered accountant with a wide range of experience as a Chief Financial Officer, Chief Operating Officer and Chief Executive in the financial services and private equity sectors. Most recently, between 2014 and 2017, Stuart was Chief Executive of Dollar UK, the alternative financial services provider, which he managed through substantial organisational and regulatory change. Prior to this Stuart was Chief Operating Officer of Listed Products, Harbourvest Partners which he joined from 3i Group in 2012 where he had a number of roles including Chief Operating Officer of 3i’s Asia and Americas group (2010-2011), Chief Financial Officer of 3i Infrastructure (2009-2010) and Finance and Operations Director (2006-2009) of 3i Quoted Private Equity. Stuart qualified as a chartered accountant with Deloitte in 1999.

Chief Executive of Xpediator, Stephen Blyth said: “I am delighted to welcome Stuart to the Xpediator board to take up a key management role at an exciting time for the Group. He is very highly regarded by former colleagues and I am confident that, following an extensive search, he is the right appointment for the Company and that he will make a significant contribution to the development of the Group. Also, on behalf of the Xpediator board I would like to thank Richard for his contributions to the Group over many years and we are very pleased that he will still work with us, as time permits, on special projects.”

Commenting on his appointment, Stuart Howard, said, “I believe Xpediator is well placed to continue to significantly expand upon its position within the logistics sector and I am therefore very pleased to be joining the Company at this exciting time. I am looking forward to helping Stephen and the rest of team continue the Group’s growth trajectory and create sustainable long-term value for Xpediator shareholders.”

The following details in relation to the appointment of Stuart Howard are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Current directorships

Past directorships held within the last five years

None

Consumer Finance Association

DFC Cad Limited

DMSWL 488 Limited

Dollar Financial U.K Limited

E.A. Barker Limited

Express Finance (Bromley) Limited

Gemgain Limited

Instant Cash Loans Limited

Inventive Finance Limited

LPEC Limited

MEM Consumer Finance Limited

Nathan & Co (Birmingham) Limited

S&R Financial Limited

Sterling Jersey Holdings UK Limited

Sterling Mid-Holdings UK Limited

Suttons and Robertsons Limited

The National Pawnbrokers’ Association

T.M. Sutton Limited

There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.

Enquiries

Xpediator plc

Tel: +44 (0)330 043 2395

Stephen Blyth, Chief Executive Officer

Email: info@xpediator.com

Richard Myson, Chief Financial Officer

SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker)

Tel: +44 (0)20 3470 0470

Jeff Keating

Caroline Rowe

    

Cantor Fitzgerald Europe (Joint Broker)

Tel: +44 (0)20 7894 7000

David Foreman, Michael Boot (Corporate Finance)

Caspar Shand Kydd (Sales)

Novella Communications (Financial Public Relations)

Tel: +44 (0)20 3151 7008

Tim Robertson

Toby Andrews


About Xpediator:

Xpediator is a well-established international provider of freight management services. Established in 1988 by CEO Stephen Blyth today the Group’s International network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through their three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 31 sites, the Group currently employs 938 people and was successfully listed on London’s AIM market in August 2017.

For more information, please visit: www.xpediator.com.

Alternatively, do follow us on Twitter at @Xpediator or find us on LinkedIn at Xpediator Plc.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

BOAUWAORWWAWAAR

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