Appointment of Independent Non-Executive Chair

About this update from Distribution Finance Capital Holdings Plc

RNS Number : 0834B Distribution Finance Cap. Hldgs PLC 09 February 2022       9 February 2022   Distribution Finance Capital Holdings plc ("DF Capital" or the "Company" together with its subsidiaries the "Group")      Appointment of Independent Non-Executive Chair   Distribution Finance Capital Holdings plc, a specialist bank providing working capital solutions to dealers and manufacturers across the UK, announces that after a thorough search process including external candidates the Board has concluded to appoint Mark Stephens as Non-Executive Chair of the Company with immediate effect. Prior to this appointment, Mark was an existing Non-Executive Director of the Company, holding the position of Senior Independent Director since joining the Board on 3 July 2017 and has held the position of Interim Non-Executive Chair since May 2021. Following his appointment, Mark will continue to Chair the Company's Remuneration and Nomination Committees. The Board has already started a search process of an Independent Non-Executive Director who will, once appointed, Chair the Risk Committee. In the intervening period, Carole Machell will additionally Chair the Company's Risk Committee. These changes are subject to regulatory approval. Commenting on his appointment, Mark Stephens said : "I am delighted to be appointed Chair of the Group and to be able to bring my extensive experience to help guide the board and support the strategic development of the business. The firm has developed extensively over the last couple of years and most importantly since being authorised as a bank. The Group is in an excellent position to build on the solid foundations in place and the market opportunities before us."   For further information contact: Distribution Finance Capital Holdings plc Carl D'Ammassa - Chief Executive Officer +44 (0) 161 413 3391 Kam Bansil - Head of Investor Relations +44 (0) 7779 229508 http://www.dfcapital-investors.com     Investec Bank plc (Nomad and Broker) +44 (0) 207 597 5970 David Anderson Bruce Garrow Harry Hargreaves Maria Gomez de Olea   This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy .   END     BOABCGDDBBGDGDI

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