1st Feb 2022 14:48
Unbound PLC - Owner of Hotter Shoes, formerly known as Electra Private Equity - Confirms that shares admitted to the AIM market of the London Stock Exchange on Tuesday.
Adds that Ian Watson will be appointed chief executive and Daniel Lampard chief financial officer. Neil Johnson will continue as non-executive chair, after having been executive chairman and Gavin Manson will step down as chief financial & operating officer and will continue as a non-executive director.
"Our focus now, as well as continuing the development of Hotter Shoes, is on developing our Unbound Group partnership strategy, selling selected products in addition to Hotter Shoes footwear on the Unbound Group website, which is progressing well," Chief Executive Ian Watson says.
"Confirmation of partners in the initially targeted specialist footwear and apparel segments will be made in due course, with first revenue expected in the second quarter of 2022."
Current stock price: 59.00 pence, up 8.1%
12-month change: down 79%
By Abby Amoakuh; [email protected]
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