Chair Succession

(AIM:TMG) The MISSION Group plc announced that its Non-Executive Chair, David Morgan MBE, has notified the Board of his intention to step down from the Board on 31 December 2026. David Morgan rejoined the MISSION Board in November 2023 to oversee a period of significant change for the business. During his tenure, the Group completed a value restoration plan aimed at rebuilding the Group’s balance sheet and strengthening the Board and Senior Leadership team. In the past year, the Group appointed John Carey as Group CEO, who has launched the ‘Simplify, Prioritise, Invest’ strategic growth plan. This plan focuses on simplifying MISSION’s agency portfolio and cost base, prioritising high value opportunities, AI Innovation, and expanding into select new growth markets. The company reports good progress against these strategic priorities, as detailed in the Group’s interim results for the six months ended 30 June 2026, which were announced separately on the same day. The Board confirmed that John Carey will succeed David Morgan as Executive Chair, effective January 2027. John Carey is supported by a senior leadership team comprising the Agency CEOs and a newly refreshed Board. In the past year, Claudine Collins, Jon Kempster, and Emma Wright have been appointed as Non-Executive Directors, bringing significant experience and expertise. David Morgan stated that John Carey has made an overwhelming contribution to the business in the past year, refocusing the Group and creating a strong senior management team. David Morgan recommended to the Board that John Carey becomes Executive Chair as of January 2027, and the Board unanimously approved this proposal. John Carey, CEO, thanked David Morgan for his immense contribution to the Group over the past three years since rejoining the Board and for his many years prior. John Carey noted that the Group is in a position of strength, with a talented senior leadership team and experienced Board in place to continue delivering the growth strategy. The Group looks forward to continuing to benefit from David Morgan’s industry knowledge and experience before he leaves at the end of the year.

MISSION completes simplification of portfolio

(AIM:TMG) The MISSION Group plc announced the completion of the final stages of its agency portfolio simplification, establishing lead brands Bray Leino and Mongoose. Mongoose, a global sports and lifestyle organisation, has merged with Bray Leino Events to expand global capabilities and elevate creative impact for clients. The merger combines Mongoose's expertise in sports partnerships, communications, and experiential with Bray Leino Events' five decades of experience in live events, exhibitions, and brand experiences. The combined business will operate under the Mongoose brand and will be led by Mongoose CEO, Chris O'Donoghue. The new entity will utilise more than 175 specialists from both businesses. Together, they will deliver over 250 experiences annually across more than 30 countries, with bespoke client teams for integrated campaigns and sponsorships on an international scale. Separately, the Group confirmed that agencies Bray Leino and krow Group have been integrated under the Bray Leino brand into a single, unified B2C and B2B agency. This combined business will be led by Bray Leino CEO, Kate Cox, and will utilise more than 300 specialists from both agencies. The expanded offer will cover strategy, creative, customer experience, digital, media, social, CRM, data, activation, and production. The combined agency began operating under the Bray Leino name on 1 September 2026. John Carey, CEO of MISSION, stated that the simplification enables consolidation of capabilities and leadership, establishing powerful businesses across respective markets and offering clients deeper, more integrated expertise with greater national and international reach. Chris O'Donoghue, CEO of Mongoose, commented that the addition of Bray Leino Events allows Mongoose to deliver sponsorship strategies, communications, and live experiences across multiple markets while maintaining creative and delivery excellence. Kate Cox, CEO of Bray Leino, said the integration creates a broader offer with more depth and a stronger platform for growth, giving clients access to a larger pool of expertise and providing more opportunities for ambitious work.

Change of Adviser

(AIM:TMG) The MISSION Group plc announced the appointment of Stifel Nicolaus Europe Limited as Corporate Broker, Nominated Adviser and Joint Financial Adviser with immediate effect. The announcement lists John Carey as Chief Executive Officer and Giles Lee as Chief Financial Officer of The MISSION Group plc. Peter Tracey of Blackdown Partners Limited is named as Joint Financial Adviser. Matt Blawat, Jason Grossman, and Orme Clarke are listed as contacts at Stifel Nicolaus Europe Limited. Kate Hoare and Charlie Barker are also listed as contacts at Stifel Nicolaus Europe Limited. Houston is identified as PR advisers for the Group.

Thermal Energy Wins Three Heat Recovery Orders Totalling $2.1 Million with Global Nutrition Company

(TSXV: TMG) (OTCQB: TMGEF) Thermal Energy International Inc. has received repeat business in the form of three orders worth approximately $2.1 million from a global nutrition company. The orders include two turnkey projects in the United States and a Major Equipment Package for a site in Indonesia, representing the Company's first heat recovery order in that country. Including these latest orders, total business with this customer since 2019 now exceeds $16.8 million, with at least partial penetration in 28 manufacturing sites across nine countries worldwide. The three orders announced today are expected to deliver significant energy savings by capturing heat from the customer's steam boiler exhausts. Thermal Energy's solutions are projected to add $410-472 thousand in annual natural gas savings while reducing annual CO2e emissions by another 2,306-2,637 tonnes. The revenues expected from these three orders is expected to be earned within the next 12 months, with the majority recognized in the Company's fiscal year ending May 31, 2027. The Company expects the gross margin for the turnkey projects to be in line with historical amounts for its turnkey projects.

Thermal Energy Announces $1.8 Million Heat Recovery Order from International Premium Beer and Beverage Company

(TSXV: TMG) (OTCQB: TMGEF) Thermal Energy International Inc. received an order for a turnkey heat recovery project worth approximately $1.8 million from an international premium beer and beverage company. The FLU-ACE system to be installed will recover waste heat from the exhausts of two boilers at one of the customer's breweries and is expected to provide the brewery annual fuel savings of approximately $406 thousand, while reducing its CO2 emissions by approximately 975 tonnes. This is the company's second turnkey project with this brewer, following a 2019 turnkey project at another of their sites and supported by GEM Trap deployments across several of their European sites. The turnkey project is expected to be completed and revenue earned within 7-8 months. The company expects the gross margin for this project to be in line with historical amounts for its turnkey projects. Thermal Energy's proprietary solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. Thermal Energy's common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and on the OTCQB under the symbol TMGEF.