Directorate Change

RNS Number : 8278H
Inchcape PLC
28 November 2022
 

INCHCAPE PLC

 

Directorate Change

 

Further to the announcement today regarding publication of the circular relating to the proposed acquisition of Derco (the "Transaction"), Inchcape plc is pleased to announce the conditional appointment of Juan Pablo Del Río as a Non-Executive Director with effect from the Admission of the Consideration Shares to be issued by Inchcape plc on completion of the Transaction. As separately announced, completion of the Transaction (and consequential Admission of the Consideration Shares) is subject to outstanding conditions including the approval of Inchcape plc's shareholders, and merger control clearance in Peru.

 

Juan Pablo is an existing director of both Dercorp CL SpA and Dercorp EX SpA and is also on the board of several subsidiaries within the Derco group. In addition, Juan Pablo is currently a member of the board of directors of Cruzados S.A.D.P. (a company with shares listed on the Santiago Stock Exchange) and is chairman of Sodimac S.A, a position he has held since 1986. He was a member of the board of directors of Falabella S.A., a company with shares listed on the Santiago Stock Exchange, between 2015 and 2020 and has held a number of senior leadership roles across a range of companies within the automotive, retail and real estate sectors in Latin America.

 

There is no additional information required to be disclosed pursuant to Listing Rule 9.6.13 (1) to (6) in respect of this appointment.

 

Capitalised terms used in this announcement which are not defined shall have the meaning ascribed to them in the circular regarding the Transaction which was published by Inchcape plc today.

 

About Inchcape

 

Inchcape is the leading independent multi-brand global automotive distributor, operating in over 40 markets and territories with a portfolio of the world's leading automotive brands. Inchcape has diversified multi-channel revenue streams including sale of new and used vehicles, parts, service, finance and insurance. The Company has been listed on the London Stock Exchange (INCH) since 1958, and is classified within the 'Business Support Services' sector. The Group is headquartered in London and employs around 14,500 people globally. www.inchcape.com .

 

Enquiries:

Inchcape plc - Investor Relations

Raghav Gupta-Chaudhary

+44 (0)7933 395 158

investors@Inchcape.com

Brunswick Group - Media Enquiries


Susan Gilchrist, Kate Holgate

+44 20 7404 5659

inchcape@brunswickgroup.com

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOABPBFTMTMTBIT

Companies

Inchcape (INCH)
UK 100

Latest directors dealings