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2021-11-03

Directorate change

Daily Mail and General Trust plc (DMGT)
Directorate change

03-Nov-2021 / 13:40 GMT/BST
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Daily Mail and General Trust plc (DMGT)

Directorate Change

 

 

DMGT today announces that, unconnected with the Reorganisation, Tim Collier, Executive Director and Group CFO, has decided to step down as an Executive Director and Group CFO of DMGT.  This will take effect on: (i) if the Offer becomes or is declared unconditional, the date on which the settlement of the Share Element of the Special Dividend takes place; or (ii) if the Offer does not become or is not declared unconditional, the date of the next AGM - scheduled for 2 February 2022; or such other date as he may be agreed with DMGT.  DMGT will commence the search to appoint a successor early in the New Year.

Commenting, Lord Rothermere, Chairman of DMGT, said: "The Board would like to thank Tim for the commitment and dedication he has shown to DMGT in his nearly five years as Group CFO. During his time here he has played a vital role in executing the Group's strategy and transforming the portfolio. In particular, Tim has been instrumental in the sales of several of our businesses, most recently RMS, and the balance sheet has been strengthened substantially during his tenure. We thank him for the contribution he has made. We will miss him terribly but wish him the best of health and happiness in the future."

 

 

 

For further information

 

For analyst and institutional enquiries:

 

Adam Webster, Head of Investor Relations

+44 20 3615 2903

 

 

For media enquiries:

 

Tim Burt, Teneo

+44 7583 413254

Doug Campbell, Teneo

+44 7753 136628

Jesse Matthews, Teneo

+44 7912 783513

 

About DMGT

DMGT manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment.  The Group takes a long-term approach to investment and has market-leading positions in consumer media, property information and events & exhibitions.  In total, DMGT generates revenues of around £1bn.

 

 

Notes

The terms Reorganisation, Offer, Share Element and Special Dividend are as defined in the 'Recommended offer for DMGT' announcement issued on 3 November 2021.




ISIN:GB00BJQZC279
Category Code:BOA
TIDM:DMGT
LEI Code:4OFD47D73QFJ1T1MOF29
OAM Categories:3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:125882
EQS News ID:1245838



 
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