19 Dec 2014 Information concerning Board succession

Further to the announcement on 18 December 2014, 4imprint Group plc (the "Company") confirms that Gillian Davies will step down as a director and employee of the Company on 31 March 2015, after which she will be available to the Company until 30 June 2015 to provide support to her successor and to assist with an orderly transition. The following information is provided in accordance with section 430(2B) of the Companies Act 2006.

The Company's Remuneration Committee has determined that Gillian Davies will continue to receive her salary and contractual benefits until 31 March 2015. It has also determined the following:

Payment in lieu of notice

Gillian Davies will receive £223,350, being the value of her base salary, car allowance, life assurance and pension contributions in respect of the 12 months' notice period that she is not required to serve. This sum shall be payable in the following instalments:

  • one-third within 14 days following 31 March 2015;
  • one-third within 14 days following 31 July 2015; and
  • the remaining third in four equal monthly instalments commencing in December 2015.

Annual bonus

Gillian Davies will, at the sole discretion of the Company's Remuneration Committee, receive an annual performance-related bonus for the 2014 and 2015 financial years. Any bonus in respect of the 2015 financial year shall be pro-rated to reflect the period of her employment by the Company.

The amount of any actual bonus earned by Gillian Davies cannot be determined until the end of the 2014 or 2015 financial year, as applicable, but will be available in the Directors' Remuneration Report for the relevant financial year.

Other benefits

The Company will continue to provide health and medical expenses insurance for Gillian Davies until 31 March 2016 or such earlier date when Gillian Davies finds alternative employment.

Share Save Scheme (the "SAYE Scheme")

Any share options held by Gillian Davies under the UK Savings Related Share Option Scheme will be treated in accordance with the rules of the Scheme.

No further payments or entitlements will be bestowed upon Gillian Davies either in connection with her loss of office or in relation to the cessation of her employment.

For further information, please contact:

The Company Secretary, 4imprint Group plc, 7/8 Market Place, London W1W 8AG

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