11 May 2022
Marshall Motor Holdings plc
("MMH" or the "Company")
Directorate changes
On 11 May 2022, it was announced that the recommended takeover offer (the "Offer") by Constellation through its wholly-owned subsidiary CAG Vega 2 Limited for the entire issued share capital of MMH had been declared wholly unconditional. As a result of the Offer going wholly unconditional, the Company confirms the following individuals have joined the board of MMH with immediate effect:
The following information is provided pursuant to Schedule 2(g) of the AIM Rules.
Timothy Lampert, 52, currently holds, or within the past 5 years has held, the following directorships and/or partnerships:
| Current Directorships / Partnerships | Previous Directorships / Partnerships | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MAGNA MOTORS LIMITED | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Matthew Kelly, 46, currently holds, or within the past 5 years has held, the following directorships and/or partnerships:
| Current Directorships / Partnerships | Previous Directorships / Partnerships | |||||||||||||
| NONE |
Furthermore, following the Offer being declared as wholly unconditional, the following individuals have resigned as Non-Executive Directors of the Company with immediate effect:
Alan Ferguson
Francesca Escery
Nicky Dulieu
Christopher Walkinshaw
The person responsible for arranging the release of this announcement on behalf of the Company is Stephen Jones, the Company Secretary of the Company.
For further information and enquiries please contact:
| Marshall Motor Holdings plc | c/o Hudson Sandler | |
| Daksh Gupta, Group Chief Executive | Tel: +44 (0) 20 7796 4133 | |
| Richard Blumberger, Chief Financial Officer |
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| Investec Bank plc (Financial Adviser, NOMAD & Broker) | Tel: +44 (0) 20 7597 5970 | |
| Christopher Baird |
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| David Anderson Ben Farrow |
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| Hudson Sandler | Tel: +44 (0) 20 7796 4133 | |
| Nick Lyon |
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| Bertie Berger Nick Moore |
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Notes to Editors
About Marshall Motor Holdings plc (www.mmhplc.com)
The Group's principal activities are the sale and repair of new and used vehicles. The Group's businesses have a total of 162 franchises covering 26 brands, across 37 counties in England and Wales. In addition, the Group operates nine trade parts specialists, two used car centres, five standalone body shops and one pre delivery inspection centre.
In April 2022 the Group was once again recognised by the Great Place to Work Institute, being ranked the 11th best place to work in the UK (super large company category). This was the twelfth year in succession that the Group has achieved Great Place to Work status.
LEI number: 213800BP3HZWHDWXAY78
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