Essentially Group PLC Board Changes (7359A)

TIDMESSN

RNS Number : 7359A

Essentially Group PLC

26 May 2023

ESSENTIALLY GROUP PLC

("Essentially" or "the Company")

Board Changes

Essentially Group PLC (AQSE: ESSN) announces that Mohammed Raouf, who is executive Finance Director of the Company has taken the decision to resign from the Company with immediate effect, in order to devote more time to his other business interests.

Ajay Rajpal, currently independent non-executive Director of the Company, has been appointed independent non-executive Finance Director with immediate effect, and will assist Essentially with high level finance guidance as and when required. Ajay is a Chartered Accountant and member of the Institute of Chartered Accountants in England & Wales with broad-ranging commercial experience developed in the US, Europe, Middle East and Far East, with a particular focus on M&A, financial management and insolvency/restructuring. Ajay has worked with numerous listed companies in a finance capacity.

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

Raja W Abuljebain , CEO of Essentially, commented:

"We are delighted that Mr Rajpal has accepted this expanded role with the Company. He brings with him a wealth of financial experience and we look forward to working with Mr Rajpal as the Company continues to grow."

The Directors accept responsibility for this announcement.

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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                             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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(END) Dow Jones Newswires

May 26, 2023 02:00 ET (06:00 GMT)