Iconic Labs PLC Directorate Change (0718V)

TIDMICON

RNS Number : 0718V

Iconic Labs PLC

29 November 2019

29 November 2019

Iconic Labs Plc ("Iconic Labs" or the "Company")

Board Changes

Iconic Labs Plc (LSE:ICON), a multi-divisional new media and technology business, is pleased to announce the appointment of Sam Asante to the board as an executive director. Additionally, Richard Thompson and Will Muirhead have resigned from the board as non-executive directors with immediate effect to focus on their other interests.

Sam Asante, currently the Chief Operating Officer at Iconic Labs, began his career in the industry when he grew a social media account organically to one million followers during his gap year. He continued to create and manage social media accounts during his time at University studying Politics, Philosophy and Economics. In 2012, he joined UNILAD, where he initially focused on establishing commercial operations, before shifting to product and marketing and working closely with the CEO and MD to innovate and drive the business forward.

Sam Asante, aged 29, in addition to any directorships he holds in respect of companies in the Iconic Labs group, currently holds or has held the following directorships and partnerships in the last five years:

 
 Current Directorships/Partnerships   Past Directorships/Partnerships 
 Hype Up Limited                      None 
                                     -------------------------------- 
 Student Media Ventures Limited 
                                     -------------------------------- 
 

Save for the disclosures made above, there are no further disclosures to be made in accordance with Listing Rule 9.6.13.

The board recognises the benefit of experienced non-executive directors with the right sector and corporate skills to best help the Company as it accelerates its growth. In this regard, discussions are underway and the Company will make announcements in due course.

Executive Chairman, David Sefton, said: "Firstly, I would like to thank both Richard and Will for their invaluable support at a critical time as the Company transitioned to its new form as a new media business. The team are now focused on building our own brands and helping other brands solve business problems and get fit for the digital age. To this end, Sam has unrivalled experience and will undoubtably continue to play a key role in creating a robust, profitable business."

Market Abuse Regulation (MAR) Disclosure - Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

For further information, please visit the Company's website www.iconiclabs.co.uk or contact:

 
 John Quinlan    Iconic Labs Plc          c/o SBP Tel: +44 (0) 20 
                                           7236 1177 
 Damon Heath     Shard Capital Partners   Tel: [phone] 
                  LLP 
 Erik Woolgar    Shard Capital Partners   Tel: [phone] 
                  LLP 
 Hugo de Salis   St Brides Partners       Tel: [phone] 
                  Limited 
 David Penson    St Brides Partners       Tel: [phone] 
                  Limited 
 

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END

BOAFEAESAFUSEIF

(END) Dow Jones Newswires

November 29, 2019 02:00 ET (07:00 GMT)