Directorate Change

RNS Number : 4432V
S & U PLC
14 April 2021
 

14th April 2021

 

S&U plc

("S&U" or "the Group")

 

Directorate changes

 

S&U plc (LSE: SUS), the specialist motor finance and bridging lender, announces that in the light of his family's relocation to Switzerland, Fiann Coombs will not be seeking re-election as a Director of S&U plc at the forthcoming AGM and will therefore be resigning from the role on the AGM date of 20th May 2021. The Board would like to thank Fiann for his wise and astute advice and guidance over the 19 years he has been a Director.

 

S&U plc separately announces the appointment of Jack Coombs to the Board of S&U plc as an Executive Director with immediate effect. Jack is a 33-year-old Chartered Accountant who joined the S&U Group in 2016 as Group Development Executive, having previously worked in PwC's Valuations team. Jack is Fiann's brother and he is a major shareholder in S&U plc owning 1,677,147 ordinary shares representing 13.82% of total voting rights. He is currently working as a Director of our successful and profitable property bridging subsidiary Aspen Bridging Limited.

 

There is no information in respect of Jack Coombs which would require disclosure under Listing Rules 9.6.13(1) to 9.6.13(6) inclusive.

 

Enquiries

Anthony Coombs

 

S&U plc

c/o SEC Newgate

 

Financial Public Relations

Bob Huxford, Tom Carnegie, Megan Kovach

 

SEC Newgate

020 7653 9848

Broker

Adrian Trimmings, Andrew Buchanan, Rishi Shah

 

Peel Hunt LLP

020 7418 8900

 

 

 

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