Poundland Group PLC Directorate Change (0808S)

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RNS Number : 0808S

Poundland Group PLC

19 September 2014

19 September 2014

Directorate Change

Poundland, Europe's biggest single price discount retailer, today announces the resignation of Trevor Bond as a non-executive Director of the Company.

Trevor recently took on a new executive position at Johnson & Johnson as Company Group Chairman, EMEA for the Johnson & Johnson Family of Consumer Companies and his resignation from Poundland's board is to enable him to concentrate on this new role.

Darren Shapland, Poundland's Chairman, said: "Trevor has been a member of the Board for nearly seven months during which he helped us with the IPO and has chaired the Audit and Risk Committee. He leaves with the appreciation and thanks of the whole company and we wish him well in his new executive role. Recruitment consultants have been instructed to search for a replacement and I am confident we will appoint a similarly high calibre individual to our board shortly."

Trevor Bond said: "It's been a great privilege to have been a director at Poundland in what has been a pivotal year for the Company which included a successful IPO and the expansion into continental Europe. I wish the company every success in the future."

For further information please contact:

 
  Poundland Group plc 
  Darren Shapland, Chairman 
  Philip Dorgan, Head of Investor 
   Relations                          [phone] 
  Citigate Dewe Rogerson 
                                     [phone] 
 Simon Rigby                          2847 
                                     [phone] 
 Angharad Couch                       2941 
 

About Poundland

About Poundland

Poundland plc joined the premium segment of the London Stock Market in March 2014.

Poundland is Europe's largest single price value general merchandise retailer and winner of the 2014 Grocer Awards for Variety Discount Retailer of the Year. Over 500 stores have been opened in the UK, the Republic of Ireland and Spain since 1990. In the Republic of Ireland and Spain, Poundland trades under the Dealz brand. Poundland sells quality top brands and own brand products all for the single price point of GBP1, providing customers with amazing value every day.

Serving an average of 5 million customers every week Poundland offers an irresistible shopping experience where shoppers are guaranteed to find approximately 3,000 quality products per store and over 1,000 well-known brands, across 17 shopping categories including food and drink, health and beauty, household, gardening, DIY, Pet, Stationery, Books, DVDs and Toys.

For more information about Poundland, please visit:

www.poundland.co.uk

www.Facebook.com/Poundland

www.twitter.com/poundland

This information is provided by RNS

The company news service from the London Stock Exchange

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