Urban Exposure Plc announced in light of the revised strategy and requirements of the Company, the board of the Company announces that its chief operating officer, Daljit Sandhu is resigning from his positions with the Company and the Group with immediate effect. In addition, following the change of strategy, William McKee intends to retire as a director at the AGM expected to be convened shortly to take place in July 2020. The Company announces that Sam Dobbyn, the Chief Financial Officer of the Company, will now take over executive management of the Group's operations. The Company intends that Graham Warner, previously finance director of JO Hambro Capital Management Group Limited, will be appointed as a new independent non-executive director and to take over the role of non-executive Chairman. This appointment is subject to customary nominated adviser due diligence and any disclosures required will be made at the time of his appointment. The Company also announces that, following its change of strategy, Ravi Takhar is resigning his directorship and positions with the Company and the Group with effect from 30 June 2020 by reason of redundancy. Mr. Takhar will receive a settlement payment in lieu of notice and other contractual and statutory entitlements. He is also being released from the unexpired term of the lock-ups which he entered into over his shareholdings of the Company at the time of its admission to AIM in May 2018 and his non-compete undertakings to the Group.