Hastings Group Holdings plc Notice of Board Resignation (8122D)

TIDMHSTG

RNS Number : 8122D

Hastings Group Holdings plc

24 February 2020

FOR IMMEDIATE RELEASE

Hastings Group Holdings plc ("Hastings", the "Company")

24 February 2020

Notice of Board Resignation

The Company announces that it has received notice from Goldman Sachs & Co ("GS"), under the terms of a Relationship Agreement with the Company, of the removal of its appointed director to the Company Board, Mr Sumit Rajpal. Mr Rajpal will, therefore, resign from the Board with effect from 24 February 2020.

The Company has been notified that GS does not, at this time, propose to nominate a replacement director. Under the terms of the Relationship Agreement, GS remains at liberty to nominate a director for appointment to the Board for as long as its interests exceed 5% of the Company's issued share capital.

Gary Hoffman, Chair of Hastings, said:

"Since Sumit's first involvement with the Company in January 2014, when GS completed its initial investment, he has provided valuable challenge and insight and has been a significant part of the Group's journey through to its IPO in October 2015 and beyond. I would like to thank him for his contribution in his time with us and to wish him all the very best for the future".

For further information, please contact:

Tony Leppard

Group Company Secretary

[e-mail]

Instinctif Partners

Tim Linacre / Lewis Hill

[phone]

[e-mail]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

BOAZZGZZNMRGGZM

(END) Dow Jones Newswires

February 24, 2020 02:00 ET (07:00 GMT)