| 20 June 2023 |
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Anexo Group plc
('Anexo' or the 'Company')
Directorate Change
Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, is pleased to announce the appointment of Alexander Paiusco to the Board with immediate effect as a Non-Executive Director.
Mr Paiusco has been nominated by DBAY Advisors Limited ("DBAY") under the terms of the shareholder agreement announced on 12 November 2020. The shareholder agreement gives DBAY the right to appoint up to three Non-Executive Directors and Mike Branigan, who joined the Board as a nominee of DBAY in May 2022, will step down from the Board with immediate effect. Dr Julian Addison, who was appointed to the board as a DBAY nominee on 11 May 2022, will remain on the board, as will Saki Riffner, who was appointed to the Board as a DBAY nominee on 25 January 2021.
Mr Paiusco has served as executive director of DBAY Advisors Limited, an international asset management firm, since July 2011.
AIM disclosures:
A list of Mr Paiusco's current directorships and partnerships together with those held within the last five years is set out below:
| Current directorships / partnerships | Past directorships / partnerships within the last five years |
| DBAY ADVISORS LIMITED DBAY CORPORATED FINANCE LIMITED DOUGLASBAY CAPITAL II CAYMAN GP LIMITED DOUGLASBAY CAPITAL II FOUNDER PARTNER SLP DOUGLASBAY CAPITAL II GP LIMITED DOUGLASBAY CAPITAL III GP LIMITED DOUGLASBAY GP LIMITED REDWHITEBLUE CAYMAN II REDWHITEBLUE CHAMPION LIMITED UNLIMITED MARKETING FINCO LTD
| DOUGLASBAY CAPITAL PLC GREENWHITESTAR TOPCO LTD GREENWHITESTAR HOLDING COMPANY 1 LTD GREENWHITESTAR FINANCE LTD SURIBLE TOPCO LIMITED TELIT IOT LTD TELIT IOT SOLUTIONS HOLDING LTD
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Alexander Maria Paiusco (aged 50) does not own shares in the Company. Mr Paiusco is a director and shareholder of DBAY Advisors Limited which holds and controls 28.51% of shares in Anexo Group plc.
Mr Paiusco has confirmed that there is no further disclosure required under Paragraph (g) of Schedule 2 of the AIM Rules for Companies.
For further enquiries:
| Anexo Group plc | +44 (0) 151 227 3008 |
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| Alan Sellers, Executive Chairman Gary Carrington, Interim Chief Financial Officer Nick Dashwood Brown, Head of Investor Relations | | | |
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WH Ireland Limited (Nominated Adviser & Joint Broker) |
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| Chris Hardie / Hugh Morgan/ Darshan Patel / Enzo Aliaj (Corporate) Fraser Marshall / Harry Ansell (Broking) | +44 (0) 20 7220 1666 | | |
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Zeus (Joint Broker) David Foreman / Louisa Waddell (Investment Banking) Simon Johnson (Corporate Broking) |
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Notes to Editors:
Anexo is a specialist integrated credit hire and legal services provider. The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm. The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.
Through its dedicated Credit Hire sales team and network of 1,100 plus active introducers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services. The Group's Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.
The Group was admitted to trading on AIM in June 2018 with the ticker ANX. For additional information please visit: www.anexo-group.com
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