Cellular Goods PLC Board changes (0000M)

TIDMCBX

RNS Number : 0000M

Cellular Goods PLC

06 January 2023

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014, as retained as part of the law of England and Wales. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Press release

06 January 2023

Cellular Goods PLC

('Cellular Goods' or 'the Company')

Board changes

Cellular Goods (LSE: CBX), a UK-based wellness company providing premium consumer products formulated with lab-produced cannabinoids, announces that Peter Wall and Simon Walters, non-executive directors, have stepped down from the Board of Directors and are leaving the Company with immediate effect.

Mr Wall has stepped down to focus on pre-existing executive management positions. Mr Walters' retirement from the Board as a NED follows Cellular's planned course of business, with Mr Walters having served on the Board as Finance Director since November 2020. The role held by Simon changed to Non-Executive Director i n September 2022 to coincide with Cellular's appointment of Bruna Nikolla as Chief Financial Officer.

The Board would like to thank the outgoing NEDs for their valuable contributions over what has been a transformational period for the business.

Following these departures, the composition of the Board is as follows: Darcy Taylor is Interim CEO and Chairman, Bruna Nikolla is Chief Financial Officer; and Misha Sher and Gill Whitty-Collins are Non-Executive Directors.

For further information please contact:

 
 Cellular Goods 
 Darcy Taylor                          via Tancredi [phone] 
  Interim CEO and Chairman 
  Neil Thapar                           [phone] 
  Investor Relations 
                                      ------------------------------ 
 Tennyson Securities 
                                      ------------------------------ 
 Corporate Broker & Adviser 
  Peter Krens 
  Alan Howard                            [phone] 
                                      ------------------------------ 
 Novum Securities 
                                      ------------------------------ 
 Corporate Broker 
  Colin Rowbury 
  Jon Belliss                            [phone] 
                                      ------------------------------ 
 Tancredi Intelligent Communication 
                                      ------------------------------ 
 Media Relations 
  Helen Humphrey 
  Gabriela Amaya Garcia                  [phone] 
  Charlie Hobbs                          [phone] 
  [e-mail]        [phone] 
                                      ------------------------------ 
 

About Cellular Goods PLC:

Cellular Goods is a UK-based wellness company that provides premium products based on lab-made cannabinoids. It was established in August 2018 to develop efficacy-led and research-backed cannabinoid-powered wellness products. The initial focus is on three product verticals: Function Better, Feel Better and Look Better. These three verticals encompass Cellular Goods' premium CBG skincare and CBD ingestible and topical athletic recovery products, with the first products launched in December 2021. The Company's shares are listed on the main market of the London Stock Exchange. www.cellular-goods.com

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January 06, 2023 12:04 ET (17:04 GMT)