Directorate Change

Aeorema Communications plc (AIM: AEO), a leading strategic communications group, is pleased to announce the appointment of Alan Charlton as a Non-Executive Director of the Company.

With a career in finance spanning over 30 years, Mr Charlton has held a series of senior leadership roles, including Finance Director at the Austin Reed Group, Finance and Commercial Director at Burton and Dorothy Perkins, and Group Commercial Director at the Arcadia Group. A qualified accountant, Mr Charlton brings a wealth of expertise in shaping business strategy, enhancing operational performance, executing cost-saving initiatives, managing complex mergers and acquisitions, and delivering shareholder value.

Mike Hale, Chairman of Aeorema Communications plc, commented: "I am delighted to welcome Alan to our Board as a Non-Executive Director. With his extensive expertise in finance, business transformation, and leadership across diverse industries, Alan is an excellent addition to the Aeorema team. I am confident he will make a significant contribution in the years ahead as we focus on innovation and driving growth."

Alan Christopher Charlton, aged 62, holds a total beneficial interest of 401,130 Ordinary Shares in the Company, representing 4.21% of its issued share capital.

Mr Charlton has held the following directorships and/or partnerships in the past five years.

Alan Charlton was appointed as a director of several subsidiary companies within the Austin Reed Group on 5 June 2006, each of which he resigned as a director from on 6 June 2016 as follows:

ARG (Property) Limited, AR Realisations 2016 Limited, ARG Realisations 2016 Limited and CC Realisations 2016 Limited, each entered into administration proceedings on 26 April 2016. The administrations ended in May 2023 and the companies were subsequently dissolved. The final administrators' progress report dated 21 April 2023 details that a first ranking secured creditor was repaid in full and another secured creditor was paid £8.24 million out of approximately £18.24 million. Unsecured creditors received between nil and 3.80 pence in the pound.

In addition, CCH Realisations 2016 Limited entered into administration proceedings on 26 April 2016 and the company was subsequently dissolved. Secured creditors of £25.42 million did not receive any return and there were no unsecured creditors.

Administrators were appointed to Darius Capital Limited and ARCS Realisations 2016 Limited on 6 May 2016 and the companies were subsequently dissolved in 2017. Secured and unsecured creditors for Darius Capital Limited totalled £66.23 million and the administrators did not anticipate being able to make any return to them. In ARCS Realisations 2016 Limited, one secured creditor of £7.18 million did not receive a return, the other secured creditor of £18.24 million received £60,000 and unsecured creditors of £1.08 million received less than 1 pence in the pound.