Changes to board & committee composition

As reported in the Company’s 2021 Annual Report and Accounts, Richard Grant is standing down as Board Chairman, Nominations Committee Chair and Director of the Company at the 2022 AGM.

Following an internal recruitment process led by a specially convened Nominations Committee and advised by Sam Allen Associates, an external search consultancy, Helical is pleased to announce the appointment of Richard Cotton as independent Non-Executive Chairman Designate. Subject to Shareholder approval, it is intended that he will succeed Richard Grant, becoming Chairman of the Board following the conclusion of the 2022 AGM, scheduled to take place in July 2022. Upon becoming Chairman, Richard Cotton will also become Chair of the Nominations Committee and step down from the Audit and Risk Committee. Richard Cotton will continue to serve as the Company’s Senior Independent Director and as a member of the Nominations Committee, the Remuneration Committee and the Audit and Risk Committee until the 2022 AGM.

Richard Cotton joined the Board as a Non-Executive Director in March 2016 and became Senior Independent Director in February 2018. Richard’s biography is available on the Company’s website.

It is proposed that Richard Cotton will hand over his duties as Senior Independent Director to Sue Clayton with effect from the conclusion of the 2022 AGM. Sue has been an Independent Non-Executive Director on the Board of Helical since February 2016. Sue’s biography is also available on the Company’s website.

Following these proposed changes to the Board’s composition, the Helical Board will consist of four independent Non-Executive Directors, including the Chairman designate and three Executive Directors.

This announcement is made pursuant to LR 9.6.11R of the Listing Rules.