MySale Group PLC Directorate Change (4489H)

TIDMMYSL

RNS Number : 4489H

MySale Group PLC

15 November 2018

15 November 2018

Directorate Change

MySale Group plc (AIM: MYSL) (the "the group"), the leading international online retailer, today announces that Iain McDonald, non-executive Chairman of the group, has informed the board that he will stand down as Chairman, at the conclusion of the forthcoming Annual General Meeting (AGM) on 3 December 2018, in order to focus on a smaller number of business interests.

The board has commenced a process to appoint a successor for the role and will provide an update before or at the time of the AGM.

Iain McDonald commented:

"After three years as Chairman of MySale, I have taken the decision to step down in order to focus more time on the development of my technology investment business. It has been a tremendous experience to work with the team during this period and be a part of the MySale growth story, and I wish them well for the future."

Carl Jackson, Chief Executive Officer noted:

"On behalf of the board I would like to thank Iain for his contribution, commitment and stewardship over the last three years and for his role in the strong progress the group has made over this time."

The information contained within this announcement is deemed to constitute inside information for the purposes of article 7 of the Market Abuse Regulation (EU) no. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Enquiries:

 
 MySale Group plc 
 Carl Jackson, Chief Executive Officer          [phone] 
 Graeme Burns, Investor Relations               [phone] 
 
 Zeus Capital Limited (Nominated Adviser 
  & Joint Broker)                               [phone] 
 Nick Cowles/Andrew Jones, Corporate Finance 
  Benjamin Robertson, Corporate Broking 
 
 N+1 Singer (Joint Broker)                      [phone] 
 Mark Taylor 
 
 MHP Communications (Financial PR Adviser)      [phone] 
 Simon Hockridge 
  Giles Robinson 
  Peter Lambie 
 
 
 

About MySale Group

MySale is a leading international online retailer with established retail websites in Australia, New Zealand, South-East Asia and the United Kingdom. Founded in 2007, the Group provides customers with access to outstanding brands and products at discounted prices whilst simultaneously providing brand partners unique international inventory and sales solutions.

The Group provides a flexible marketplace solution in ANZ, SE Asia and the UK for domestic and international brands The Group offers a number of solutions for brands including 1P, 3P (strategic partners, managed and self-managed). The core product categories are womenswear, menswear, footwear, sports, health & beauty, homewares, technology and personalised gifts

Customers' shopping experiences are enhanced by the Group's deployment of leading edge technology to ensure personalised and localised product offerings. The customer experience has been at the heart of the Group's technology development since the earliest days and now mobile commerce is the Group's main sales channel. Proprietary technology innovations deployed include the Ourpay 'buy-now, pay-later' solution which has proved popular with over 130,000 customers using the solution.

The Group's online sales are supported by a robust and flexible network of in-house supply chain infrastructure and technology that enables MySale to offer products from around the world for sale and delivery to customers in each territory.

As a result of these exceptional capabilities in inventory management and international sales MySale has built an enviable portfolio of over 2,500 brand partners from whom products are sourced.

The Group operates websites under a number of different brands all of which operate on a uniform technology platform and a single international logistics infrastructure.

The Group operates 24 websites in eight countries; OzSale and BuyInvite in Australia; NzSale in New Zealand; SingSale in Singapore; MySale in Malaysia, Thailand, the Philippines, the United Kingdom and Hong Kong, and Cocosa in the United Kingdom, Australia and New Zealand; whilst the Group's retail websites are Deals Direct, OO.com and Top Buy in Australia and Identity Direct in Australia and New Zealand.

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November 15, 2018 02:01 ET (07:01 GMT)