Essentially Group PLC Appointment of Independent Non-Executive Director (7503R)

TIDMESSN

RNS Number : 7503R

Essentially Group PLC

31 October 2023

31 October 2023

ESSENTIALLY GROUP PLC

("Essentially" or "the Company")

Appointment of Independent Non-Executive Director

Essentially Group PLC (AQSE: ESSN) a leading health food company in the UAE delivering high quality nutrition (wellness shots, functional juices, lemonades, nut milks, single origin fruit juices and healthy snacks) to its customers, is pleased to announce the appointment of Ragnar Meitern to the Board as an Independent Non-Executive Director.

Ragnar is a founder of Highgoal Capital Management OÜ and Meitern Capital Advisors OÜ, private technology focused investment and advisory firms. Ragnar's experience includes 20 years of investment banking including with ING, Standard Chartered Bank and Citi advising corporates and private equity firms on mergers and acquisitions, investments, and IPOs. Ragnar has worked in the US, the UK and the Middle East.

Ragnar has a Bachelor of Science in Finance and Economics from the Rutgers University in the United States and has gained executive education at Harvard Business School on corporate governance. Ragnar trained with Salomon Brothers, Inc. in New York.

Raja W Abuljebain , CEO of Essentially, commented: "The board is delighted to welcome Ragnar Meitern as Non-Executive Director to the board of Essentially Group PLC. Ragnar brings with him his wealth of corporate finance and M&A experience. He will no doubt be an asset in our mission to acquire and invest in companies active in the health food and beverages market and developing Essentially into a leading wellness brand."

The following information is disclosed pursuant to rule 4.9 of the AQSE Growth Market Access Rulebook.

 
Current Directorships/partnerships 
Meitern Capital Advisors OÜ 
Highgoal Capital Management OÜ 
 
Previous Directorships/partnerships 
VDU Box Limited 
Kuda Technologies Limited 
 

Ragnar Meitern does not hold any shares in the Company.

Except as set out above, there is no further information regarding Ragnar Meitern that is required to be disclosed pursuant to rule 4.9 of the AQSE Growth Market Access Rulebook.

The directors of Essentially accept responsibility for this announcement.

- end -

For further information, please contact:

 
 Essentially Group Plc 
 Raja W Abuljebain, CEO                           Tel: [phone] 
                                           https://essentiallyplc.com 
 AQSE Exchange Corporate Adviser 
 Alfred Henry Corporate Finance 
  Ltd 
 Nick Michaels/Maya Klein Wassink           Tel: [phone] 
                                                  www.alfredhenry.com 
 Broker 
 Clear Capital Markets Ltd 
 Andrew Blaylock                             Tel: [phone] 
                                    https://clearcapitalmarkets.co.uk 
 

About Essentially Group PLC

Essentially's mission and strategy is the acquisition, holding and development of companies active in the health food and beverages market. Essentially's wholly owned operating subsidiary in the United Arab Emirates ("UAE"), Essentially Juices Manufacturing LLC ("EJM"), offers premium quality wellness shots, functional juices, lemonades, nut milks, single origin fruit juices and healthy protein snacks. EJM has a manufacturing facility in Dubai where the beverages are produced and is active in the UAE and Kingdom of Saudi Arabia fruit and vegetable juice market.

For more information on the Company please visit https://essentiallyplc.com/

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October 31, 2023 03:00 ET (07:00 GMT)