| EQS-Ad-hoc: MBH Corporation Plc / Key word(s): Miscellaneous MBH CORPORATION PLC ANNOUNCES BOARD AND LEADERSHIP TEAM CHANGES, AND INTENTION TO SELL FOUR GROUP COMPANIES TO FURTHER SUPPORT GROUP GROWTH PLANS AND LONG-TERM OBJECTIVES 13-Oct-2023 / 08:55 GMT/BST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. London, 13 October 2023 MBH Corporation plc (MBH), a diversified investment holding company, announced today a number of key changes to its board and leadership team and, subject to regulatory approvals, will sell four existing Group companies: Acacia Training, Academy 1 Group, Logistica Holdings & Samuel Hobson. The changes, which are applicable as of 13 October 2023 relate to the Board and Leadership team structure as follows:
The existing MBH Board has also confirmed its intention to sell four MBH Group companies: Acacia Training, Academy 1 Group, Logistica Holdings & Samuel Hobson – subject to regulatory approval. Acacia Training, Academy 1 Group and Logistica Holdings are currently part of the MBH Education vertical, with Samuel Hobson the founding member of the Group’s Health vertical. Acacia Training was one of the founding companies within MBH, with all companies playing an important role in the Group’s development over the past few years. Paul Seabridge holds 434,644 shares directly. Indirectly 786,819 shares are held by Falcon Recreation Group Ltd, to which Paul Seabridge is a controlling shareholder which represents 20.4%. Mo Miah holds 23,604 indirect ordinary shares in the Company, which represents 0.39% interest in the securities of the Company. Director: Paul Seabridge Current Directorships AARON BRIDGE VENTURES LIMITED AQUILA FOOD GROUP HOLDING COMPANY LIMITED AYIA MANAGEMENT LIMITED BROXTONS EA LTD FALCON RECREATION GROUP LIMITED GOLDEN-CASTLE CARAVANS LIMITED HODDESDON DISTRIBUTION LIMITED HODDESDON TRANSPORT SERVICES LIMITED J&P VENTURES LLP JWD CAPITAL 2 LIMITED JWD CAPITAL PARTNERS PLC LINCOLN LEISURE VEHICLES LIMITED MILBRIDGE CONSTRUCTION LIMITED MILLENNIUM DOUGH COMPANY LIMITED OPULENTIA CAPITAL HOLDINGS LTD OPULENTIA CAPITAL LTD OPULENTIA CAPITAL REAL ESTATE HOLDINGS LTD OPULENTIA HOLDCO 2 LIMITED OPULENTIA SPV 10 LTD OPULENTIA SPV 13 LTD OPULENTIA SPV 4 LIMITED OPULENTIA SPV 5 LTD OPULENTIA SPV 6 LTD OPULENTIA SPV 8 LTD OPULENTIA SPV 9 LIMITED OPULENTIA SPV HOLDCO 15 LTD OPULENTIA SPV HOLDCO 16 LTD OPULENTIA SPV HOLDCO 17 LTD OPULENTIA SPV HOLDCO 18 LTD OPULENTIA SPV HOLDCO 19 LTD OPULENTIA SPV HOLDCO 21 LTD P.N. SHARPE LIMITED PREMIUM MOTORHOMES LIMITED PS ACCOUNT SERVICES LIMITED ROBINSONS CARAVANS HOLDING COMPANY LIMITED ROBINSONS CARAVANS LIMITED ROBINSONS CARAVANS PARTNERSHIP LLP SEABRIDGE GROUP SERVICES LIMITED SEABSTRACH 2 LLP STRACHAN INVESTMENTS HOLDCO1 LIMITED SWITCH INTERNATIONAL TRAILERS (U.K.) LIMITED THE FIRE SAFETY COMPANY HOLDINGS LTD TWT LOGISTICS LIMITED UK SALADS LIMITED WHITE ARCHES CARAVANS (RUSHDEN) LIMITED WHITE ARCHES CARAVANS LIMITED Past Directorships in last 5 years 3Ks ENGINEERING LTD 3Ks ENGINEERING COMPANY LTD A1 ACE TRANSPORT SERVICES LTD C&B CONSTRUCTION PTY LTD CASCADE TAXI TRADING LTD CLAY HOLDINGS SPV LTD COALVILLE GLASS & GLAZING CO. LIMITED COALVILLE GLAZING HOLDCO LTD. COALVILLE WINDOW CO. LIMITED COETUS LEISURE HOLDCO LIMITED CONSORTIA VENTURES LTD CRUNCH DMC LTD CYNTA LIMITED CYNTA LTD DRAGON ENGINEERING SERVICES LTD ENZO GLOBAL LTD FARRELL ESTATE AGENCIES LTD GJKLMPP LLP I J RECRUIT LTD INGLIS JANE LTD J&P CAPITAL 3 LTD J&P CAPITAL 4 LTD J&P CAPITAL LTD J&P VENTURES MANAGEMENT SERVICES LTD J&P VENTURES TOPCO LTD JGP CAPITAL LLP JWD CAPITAL 3 LTD JWD CAPITAL 4 LTD JWD CAPITAL 5 LTD KK850 LTD KLEINSMAN 2 LTD KLEINSMAN 3 LTD KLEINSMAN GLOBAL LLC KLEINSMAN MR LTD KLEINSMAN RE LTD LEARNING LINKS SERVICES LTD LEARNING LINKS SERVICES LTD LOGISTICA TRAINING LTD MOSAIC ISLAND LTD NJT MARKETING SERVICES LTD NORTH YORKSHIRE TAXI COMPANY LTD OPULENTIA CAPITAL REAL ESTATE HOLDINGS LTD OPULENTIA LTD OPULENTIA MADRID OFFICE LTD OPULENTIA PARTNERS LLP OPULENTIA SPV HOLDCO 17 LTD OPULENTIA SPV HOLDCO 20 LTD PBL TRADING 2 LTD PBL TRADING LTD PENNAX PLC PROGRESS RECRUITMENT PARTNERS LLP PROGRESS RECRUITMENT SOLUTIONS LTD Director: Mo Miah Current Directorships WHITE ARCHES CARAVANS LTD PN SHARPE LTD WHITE ARCHES CARAVANS (RUSHDEN) LTD ROBINSONS CARAVANS PARTNERSHIP LLP LINCOLN LEISURE VEHICLES LTD GOLDEN CASTLE CARAVANS LTD PREMIUM MOTORHOMES LTD FALCON RECREATION GROUP LTD ROBINSONS CARAVANS LTD ROBINSONS CARAVANS HOLDING COMPANY LTD Paul Seabridge and Mo Miah: 1. Do not have any unspent convictions in relation to indictable offences; 2. Have not been a director of a company which has been placed in receivership, insolvent liquidation, administration, been subject to a voluntary arrangement or any composition or arrangement with its creditors generally or any class of its creditors whilst he was a director of that company or within the 12 months after he ceased to be a director of that company; 3. Have not been a partner in any partnership which has been placed in insolvent liquidation, administration or been the subject of a partnership voluntary arrangement whilst he was a partner in that partnership or within the 12 months after he ceased to be a partner in that partnership; 4. Have not been the owner of any assets or a partner in any partnership which has been placed in receivership whilst he was a partner in that partnership or within the 12 months after he ceased to be a partner in that partnership; 5. Have not been publicly criticised by any statutory or regulatory authority (including recognised professional bodies); or 6. Have not been disqualified by a court from acting as a director of any company or from acting in the management or conduct of the affairs of a company. For IR and media enquiries: MBH Corporation Charlotte Fordham charlotte.fordham@mbhcorporation.com +44 (0) 770 396 3953 Corporate Adviser First Sentinel Corporate Finance Limited Brian Stockbridge brian@first-sentinel.com +44 (0) 7858 888 007 Information and Explanation of the Issuer to this announcement: Paul Seabridge commented: “I am extremely excited and motivated to be able to lead MBH as it takes its next steps of development and growth globally. There are numerous new opportunities that we are already working on and we have a very healthy pipeline of new companies that are committed to becoming part of the MBH Corporation over the coming months. As I take on the role of Chair and Chief Executive Officer at MBH, I would like to take this opportunity to thank Vikki Sylvester and team for their leadership of MBH. Vikki and I will continue to partner closely until the end of Quarter 1 next year as we transition to the new team”. Victoria Sylvester commented: “Paul Seabridge is a dynamic, values-driven business leader who has a diverse background of experiences and an excellent track record of buying and developing business from diverse sectors. He has exceptional strategic & tactical capabilities, proven operational effectiveness, and strong experience in markets at different stages of development. I am confident that Paul and his new team are well positioned to deliver long-term growth and value for all stakeholders. I am personally very proud of what we have built at MBH over the past few years and want to thank the outgoing leadership team and Board for their unwavering commitment and support”. About MBH Corporation MBH Corporation plc is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges (M8H:GR) and the Aquis Exchange (M8H) in London. The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging the Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies. mbhcorporation.com 13-Oct-2023 GMT/BST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | MBH Corporation Plc |
| Studio 7-9, Royal Patriotic Victoria Building, Joh | |
| SW18 3SX London | |
| United Kingdom | |
| E-mail: | info@mbhcorporation.com |
| Internet: | https://www.mbhcorporation.com/ |
| ISIN: | GB00BPNYZL95 |
| WKN: | A3ESUZ |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart |
| EQS News ID: | 1748027 |
| End of Announcement | EQS News Service |
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1748027 13-Oct-2023 GMT/BST
