The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. It forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
25 March 2022
XPEDIATOR PLC
("Xpediator" or the "Company" or the "Group")
Directorate Changes
Xpediator (AIM: XPD), a leading provider of freight management services across the UK and Central and Eastern Europe, announces that Mark Whiteling, non-executive chairman of the Company has resigned from the Board with immediate effect.
In addition, Stephen Blyth, founder and deputy chairman of the Company has also resigned from the Board with immediate effect. Pursuant to the terms of the relationship agreement between the Company, Cogels Investments Limited ("Cogels") and Zeus Capital Limited, Cogels has the right to appoint a nominated non-executive director to the Board. Subject to the satisfactory completion of requisite due diligence checks, Cogels will nominate a new non-executive director to the Board.
Finally, Rob Riddleston will assume the position of interim independent non-executive chairman. The Board will continue to have two independent non-executive directors (including Rob Riddleston). Following these various directorate changes, the Board will make further announcements as appropriate, of new appointments to the Board, but also in terms of succession planning generally and progress in appointing a permanent CEO and permanent chairman.
Wim Pauwels, interim CEO of Xpediator, said, "The Board would like to thank Mark for his contribution during these recent months and wish him well in his future endeavours. Similarly, the Board wish to recognise the achievements of Stephen in building Xpediator into the business it is today. Finally, the Board appreciates Rob accepting the appointment of interim chairman, and I look forward to working with Rob and the Board."
| Xpediator plc | Tel: +44 (0)330 043 2395 |
| Wim Pauwels, Interim Chief Executive Officer |
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| Mike Williamson, Chief Financial Officer |
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| Zeus (Nominated Adviser & Broker) | Tel: +44 (0)20 3829 5000 |
| David Foreman, James Hornigold, Guy Brinkley (Investment Banking) |
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| Dominic King (Corporate Broking) |
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| Novella Communications (Financial Public Relations) | Tel: +44 (0)20 3151 7008 |
| Tim Robertson |
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| Fergus Young |
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About Xpediator:
Xpediator is a well-established international provider of freight management services. Established in 1988, 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 its three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 38 sites, the Group currently employs over 1,200 people and was successfully listed on London's AIM market in 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.
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