Hastings Group Holdings plc Director Resignation (9740S)

TIDMHSTG

RNS Number : 9740S

Hastings Group Holdings plc

28 June 2018

FOR IMMEDIATE RELEASE

Hastings Group Holdings plc (the "Company")

28 June 2018

Director Resignation

The Company announces that, following due notice on behalf of the Founder Shareholders, Selina Sagayam is no longer their nominated appointee to the Company's Board under the terms of a relationship agreement ("Agreement)" between the Company, the Founder Shareholders, and the GS Shareholders; she has, therefore, resigned her position with effect from today's date.

The Agreement entitles the Founder Shareholders (subject to prescribed notice) to remove an existing, and nominate a replacement, director to the Board for as long as their combined shareholding in the Company exceeds 5%. The Company has been informed by the Founder Shareholders that they do not intend to nominate a replacement director at this time.

Founder Shareholders

For the purposes of this announcement, the "GS Shareholders" are entities represented by Goldman Sachs Merchant Banking Division and Goldman Sachs & Co LLC. The "Founder Shareholders" are Neil Utley (and certain members of his immediate family), Edward Fitzmaurice, Keith Charlton, and Richard Brewster.

For further information, please contact:

Tony Leppard

Group Company Secretary

T: [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

BOAFPMFTMBJTBBP

(END) Dow Jones Newswires

June 28, 2018 12:34 ET (16:34 GMT)