9 May 2022

Marks Electrical Group plc

Appointment of Joint Corporate Broker

Marks Electrical Group plc ("Marks Electrical" or "The Group"), a fast-growing online electrical retailer, is pleased to announce the appointment of Berenberg as joint corporate broker, to work alongside Panmure Gordon, with immediate effect.

Enquiries:

Marks Electrical Group plc                                                                                                      via Dentons Global Advisors

Mark Smithson, CEO                                                                                                                         

Josh Egan, CFO                                                                                                                                 

Dentons Global Advisors (Financial PR)                                                      markselectrical@dentonsglobaladvisors.com

James Styles                                                                                                                                        Tel: +44 (0)20 7664 5095

Fern Duncan                                                                                                                                       

Panmure Gordon (NOMAD and Joint Corporate Broker)                                                               Tel: +44 (0) 207 886 2500

Oliver Cardigan, Ailsa Macmaster (Corporate Finance)                                                                            

Erik Anderson (Corporate Broking) 

Berenberg (Joint Corporate Broker)                                                                                                 Tel: +44 (0) 20 3207 7800

Matthew Armitt / Michelle Wilson / Jack Botros (UK Investment Banking)

About Marks Electrical

Marks Electrical is a fast growing, highly scalable, technology driven e-commerce electricals retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled up into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Company operates within the UK Major Domestic Appliances (MDA) market, estimated to be worth approximately £5.3 billion.  

Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Company offers over 3,000 products from over fifty leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.

For further information, visit: https://group.markselectrical.co.uk and https://markselectrical.co.uk/.