THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF UNITED KINGDOM DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

6 January 2023

Zamaz plc
("Zamaz" or the "Company")

Directorate Changes

Zamaz plc, the London-based international e-commerce and retail technology aggregator of sustainable brands, announces the following Board changes.

Mr Christopher Hill, currently CEO,will be stepping down from the Board at the Company's Annual General Meeting ("AGM") to be held on 31 January 2023. He will continue to work  with the Company in a role to focus on sourcing and acquiring retail and e-commerce businesses and brands. The Board would like to thank Mr Hill for his major contribution to the Company's listing on the Main Market of the London Stock Exchange and look forward to working with him in his new role.

Daniele Besnati, currently COO, will take over Mr Hill's responsibilities.

Also at the AGM, Mr Dominic White and Dr Niccolo' Caderni will be proposed to join the Board as Non-Executive Directors, with Dr Caderni as Independent Non Executive Director. Subject to shareholders' approval, Mr White and Dr Caderni  will assume their roles on 31 January 2023.

Dominic White is the Company's largest beneficial shareholder and was previously Chairman of the Company from its formation in 2019 until November 2021. Mr White is a member of the Institute of Financial Analysts; he has over 25 years' experience in the investment sector and has held Board level investment positions at a number of international institutions including Security Capital, European Realty, Henderson Global Investors and Cordea Savills Investment Management. He is currently Chairman of Eight Capital Partners plc, an international tech-orientated financial services group listed on the AQSE Growth Market.   

Following an academic career in Astrophysics at the Universities of Cambridge, California and Chicago, Dr Niccolo' Caderni has since established a life-long practice in the financing and management of innovation and creativity. He has covered senior executive roles with Bankers' Trust, Phillips Fine Art Auctioneers and the Bentinck Thyssen Family Office, and has served on the Board of the Centre for European Policy Studies in Brussels. In 1999 he co-founded IPG, an incubator focusing on the delivery of digitalcontent and was later elected Chairman of Webiz BV, the Private Equity fund of Italian utility giant, ENEL. Currently, Dr Caderni holds a portfolio of advisory and non-executive roles, chiefly in digital transformation and life sciences, is a member of the European Institute of Technology Culture and Creativity Supervisory Board, and is the Chairman of RAFT, a leading medical research charity and a Trustee of the Chelsea Accademy Foundation.

Commenting on the Board changes, Zamaz Chairman, Martin Groak said:

"On behalf of everyone at Zamaz, I would like to thank Chris for his services as a Director of the Company, and,  from a personal perspective, for his tremendous contribution during the listing process. We look forward to working with him in his new role.   

"I am also delighted that Dominic and Niccolo` have been proposed to join the Board as Non-Executive Directors. To have their combined financial, academic and entrepreneurial skills would be of great benefit to the Company in this pivotal period  as we develop our brand and product portfolio and create value added opportunities for investors." 

The Director taking responsibility for this announcement is Martin Groak, Chairman

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About Zamaz

Zamaz is a technology driven e-commerce business that originates, acquires or licenses, operates and scales small and medium-sized brands with category-winning products on global marketplaces.  With ever prolific customer data sources, the advent of turnkey e-commerce website platforms, such as Shopify, and a thriving ecosystem of third-party software integrators, the options available to launch and build brands that can be marketed, sold, and shipped online quickly and globally with limited risk have never been more compelling. Such marketplaces, led by Amazon and eBay, also provide connection to millions of consumers, and have become a first-choice route-to-market for a generation of micro and small and medium-sized enterprise businesses.

Zamaz mines and analyses data from such online retail technology platforms which provide significant insights into consumer shopping behaviour and trends and enable the business to deploy, market and sell an optimised portfolio of brands, products, packs and prices aligned with active, real-time consumer needs and demands principally on UK and EU Amazon marketplaces.

About Bella Dispensa

Bella Dispensa, a wholly-owned subsidiary of Zamaz, is an Italian-based online retailer of gourmet Italian food products which operates in one of the fastest growing online sectors, grocery shopping. The extensive relationships that Bella Dispensa enjoys with its niche food suppliers makes it a strong addition to the Zamaz Brand Portfolio and will give Zamaz the opportunity to showcase and sell Bella Dispensa sourced products on its online platform.

Bella Dispensa has already made two acquisitions since Zamaz listed on the Main Market of the London Stock Exchange: Ecocarni, a purveyor of premium quality meats and associated products sourced from Italy and Argentina to both wholesale and retail customers, from its flagship store in Milan and Eccellenze S.r.l. which has a retail store located on Milan's prestigious Corso Venezia, one of the city's most exclusive and elegant avenues, being part of the upscale Quadrilatero della moda shopping district. Recently established in Q4 2021, Eccellenze has grown rapidly, and now offers over 1,000 premium quality food products in-store, including cheese, pasta, wine and oil. Its highly experienced management team has also developed a unique eno-gastronomic "lifestyle shopping experience" for its growing, highly discerning client base.