Marks Electrical Group plc
AIM Rule 17 Schedule Two (g) Update
Marks Electrical Group plc ("Marks Electrical" or "The Group"), a fast growing online electrical retailer, today announces the following information relating to directors' disclosure under Schedule Two, paragraph (g) of the AIM Rules for Companies:
David Lindow Wilkinson, a Non-executive Director on the board of the Company, has been a director of Saietta Group plc since 7 July 2021.
On 4 March 2024, Saietta Group plc was placed into administration. The administration proceedings remain ongoing.
Enquiries:
Marks Electrical Group plc Via Dentons Global Advisors:
Mark Smithson, CEO Tel: +44 (0)20 7664 5095
Josh Egan, CFO
Dentons Global Advisors (Financial PR)
Jonathan Brill / James Styles / Nishad Sanzagiri Tel: +44 (0)20 7664 5095
markselectrical@dentonsglobaladvisors.com
Canaccord Genuity (NOMAD and Broker)
Max Hartley / George Grainger (Nomad) / Kit Stephenson (Sales) Tel: +44 (0) 207 886 2500
About Marks Electrical
Marks Electrical is a fast growing, highly scalable premium electrical retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Group operates within the UK Major Domestic Appliances (MDA) and Consumer Electronics (CE) market, estimated to be worth approximately £7 billion.
Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Group offers over 4,500 products from over 50 leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.
For further information, visit the Marks Electrical corporate website: https://group.markselectrical.co.uk and its retail website: https://markselectrical.co.uk/.
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