River and Mercantile Group PLC announced that Jonathan Punter, a non-independent Non-Executive Director of the company, has informed the company of his intention to retire as a Non-Executive Director at the end of the company's financial year on 30 June 2019. Jonathan Punter's appointment to the Board is pursuant to a Relationship Agreement with Punter Southall Group Limited entered into at the company's IPO. Under the terms of the Relationship Agreement, subject to PSG holding in aggregate 10% or more of the company's issued share capital, PSG is able to nominate a Non-Executive Director to the Board. PSG has not indicated an intention to nominate a replacement Non-Executive Director to the Board.