TIDMITIM
RNS Number : 6577S
itim Group PLC
13 March 2023
13 March 2023
itim Group plc
("itim" or "the Company" and together with its subsidiaries "the
Group")
Board Changes
itim Group plc, a SaaS based technology company that enables
store-based retailers to optimise their businesses to improve
financial performance, is pleased to announce the appointment of
Damian Hopkins to the Board of Directors as Non-Executive Director,
effective immediately.
Damian will take over from Frank Lewis who will be stepping down
as a non-executive director of the Company, with effect from the
next AGM. An update on the AGM will be provided in due course.
Damian is a respected, and highly accomplished entrepreneur,
senior executive & business leader, he has operated within the
global retail brands and licensing industry for over 20 years,
having founded, built and sold three successful businesses in the
sector. His career has encompassed all aspects of consumer fashion
products, from value to luxury including retail, licensing,
international distribution, manufacturing, wholesale, and
e-commerce. Damian has a proven track record of launching,
repositioning, and transforming consumer brands & retailers,
and he has also been a director of Matalan where he developed and
built their international business across 13 countries.
Damian was an early adopter of sustainability within fashion
supply chains, where he was a pioneer of launching Fairtrade Cotton
and recycled polyester garments in the UK in 2009.
Damian and his associated companies have won multiple business
awards for Licensing, Retail, and fashion supply. He has also taken
numerous voluntary roles supporting the retail industry including,
The Retail Trust Charity, where he was Chairman of the fundraising
committee 2018/19, and is currently Co-Chair of the Retail Trust
Ambassadors. He is also the elected President of The Twenty Club -
founded in 1897, the Twenty Club is an exclusive retail specific
club that supports retail fellowship for senior retail and brand
owners & executives.
Damian has been a speaker, judge and panellist at numerous
International events, and awards in relation to sustainability,
International expansion and licensing.
Damian is currently the CEO and founder of The Radius Group a
brand management and licensing agency business, and he is the Royal
Warrant Grantee the late HRH Queen Elizabeth for the brand
Wolsey.
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies.
Damian Andrew Hopkins, aged 51, does not own any shares in the
Company.
A list of Damian's current directorships and partnerships
together with those held within the last five years is set out
below:
Current appointments Appointments within previous
5 years:
Alconbury Properties Limited Select Licensing Limited
-----------------------------
Radius Group Trading Limited
-----------------------------
Vivere London Limited
-----------------------------
Damian Hopkins was a director of Monitane Holdings Limited from
2 June 2009 to 21 January 2014, and its subsidiary companies
including The Fielding Group Limited, from 22 January 2010 to 21
January 2014 and Thumbprint Schoolwear Limited from 27 June 2000 to
17 October 2013. In August 2013, the controlling interest in
Monitane Holdings Limited was sold to a private equity company,
Ellestone Apparel LLP and following a restructuring, Damian Hopkins
resigned from all companies by 21 January 2014.
The Fielding Group Limited was put into administration on 24
June 2014 and was eventually dissolved on 6 April 2016. The
administrator estimated total preferential creditor claims to be
approximately GBP100,000, however, there were insufficient funds to
enable a distribution. The statement of affairs estimated unsecured
creditor claims totalled GBP9.3m, the administrator received claims
of GBP3.3m, however, there were insufficient funds to enable a
distribution to unsecured creditors.
Thumbprint Schoolwear Limited was put in to administration on 24
June 2014 and was eventually dissolved on 6 April 2016. The
statement of affairs estimated unsecured creditor claims totalled
GBP1.2m, the administrator received claims of GBP1.05m, however,
there were insufficient funds to enable a distribution to unsecured
creditors.
No further information is required to be disclosed pursuant to
paragraph (g) of Schedule 2 of the AIM Rules.
Ali Athar, CEO of itim, commented: "I would firstly like to
thank Frank for all his efforts and counsel to date and we wish him
well. I am delighted to welcome Damian to the itim board as a
Non-executive director. His extensive experience and high profile
within retailing will further strengthen itim's credentials with
its clients as well as adding further depth to our understanding of
our customers' needs."
On his appointment, Damian Hopkins said: "itim's high quality
products and services are a win-win for retailers wishing to
maximise returns in today's difficult markets. I am very much
looking forward to deploying my skills and experience to advance
and accelerate the excellent progress made to date and ensure
itim's objectives are realised on plan."
END
Enquiries:
Ali Athar, CEO
Itim Group plc Ian Hayes CFO 0207 598 7700
Katy Mitchell
WH Ireland (NOMAD & Harry Ansell
Broker) Darshan Patel 0207 220 1666
Graham Herring
IFC Advisory Florence Chandler 0207 3934 6630
ABOUT ITIM
itim was established in 1993 by its founder, and current Chief
Executive Officer, Ali Athar. itim was initially formed as a
consulting business, helping retailers effect operational
improvement. From 1999 the Company began to expand into the
provision of proprietary software solutions and by 2004 the Company
was focused exclusively on digital technology. itim has grown both
organically and through a series of acquisitions of small, legacy
retail software systems and associated applications which itim has
redeveloped to create a fully integrated end to end Omni-channel
platform.
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END
BOAFZGMFNMRGFZM
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March 13, 2023 03:00 ET (07:00 GMT)
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