SVEN SVentures Plc

TIDMSVEN

RNS Number : 1962A

S-Ventures PLC

18 January 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

S-Ventures PLC

("S-Ventures" or the "Company" or the "Group")

Changes to Board

S-Ventures (AQSE: SVEN), the company investing in brands across the natural, wellness and food-tech categories, announces that David Mitchell has stepped down from the Board following 3 years as Chairman. David has successfully navigated and supported S-Ventures through its growth journey and played a significant part in executing and overseeing several significant transactions. The Company wishes David the best and thanks him for his work over the last 3 years. The business continues to develop and whilst there have been challenges, David has always been a valued source of strategic input and advice.

Current Non-Executive Director, Robert Hewitt, will assume the position of Chairman on an interim basis.

S-Ventures continues to explore funding alternatives in what remains a fragile capital markets environment and is pleased to report that group profitability on an EBITDA basis remains positive.

For further information, please contact:

 
 S-Ventures plc 
  Scott Livingston (Chief Executive 
  Officer)                             +44 (0) 203 475 0230 
 Stephen Argent (Chief Financial 
  Officer) 
 VSA Capital, AQSE Corporate 
  Adviser and Broker: 
  Andrew Raca 
  Matt Harker                          +44 (0) 20 3005 5000 
 

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END

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January 18, 2024 09:31 ET (14:31 GMT)

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