Van Elle announced that Jon Fenton, Chief Executive Officer, has unfortunately informed the Board that due to a serious medical matter within his close family, he will need to commit an increasing amount of time to support his family in the future. In light of this and in order to ensure that the company's future development will not be affected, Jon has, regrettably, informed the Board that he will step down as a Director once a suitable replacement has been found. Accordingly, the Board is initiating a formal process to recruit a new Chief Executive and Jon will remain with the business through this period, continuing to work closely with the wider senior management team and non-executive directors, to ensure a smooth handover.