Belvoir Lettings PLC Board changes (8129I)
26 March 2018 - 5:00PM
UK Regulatory
TIDMBLV
RNS Number : 8129I
Belvoir Lettings PLC
26 March 2018
For Immediate release 26 March 2018
BELVOIR LETTINGS PLC
(the "Group" or "Belvoir")
Board changes
Belvoir Lettings PLC (AIM: BLV), the UK's largest property
franchise, announces that, after over five years of service to the
Belvoir board, Nicholas Leeming is stepping down as a non-executive
director of the Company with effect from 10 April 2018 and Michael
Stoop is joining the Board as non-executive director with immediate
effect.
After starting his Estate Agency career with M Winkworth plc,
Michael joined the Legal & General Group in 1992, where he was
instrumental in setting up Legal & General Franchising Ltd,
successfully converting its corporate estate agency business into a
wholly franchised network before being sold to The Property
Franchise Group plc ("TPFG", formerly Martin & Co plc) in 2014.
On completion of the transaction, Michael became Group Managing
Director of TPFG, with his association with the Company ending in
July 2017. Michael has been a member of The Property Ombudsman Ltd
since 2001, becoming its Vice Chairman in December 2015. He was
appointed a Non-Executive Director of Sorbet HQ Limited in February
2018.
Following Nick's retirement, Michael Stoop will take over the
role of Chairman of the Remuneration Committee and become a member
of the Audit Committee.
Michael Goddard, Chairman, commented:
"On behalf of the Board, I would like to thank Nick for his
considerable contribution since the Group floated on AIM.
I am delighted to welcome Michael to the Company and am sure his
deep understanding of franchising as well as the property sector
will be a great asset to the Group. The Board very much looks
forward to working with him."
Michael Ian Stoop, aged 62, holds or has held the following
directorships or partnerships in the past five years:
Current Directorships Previous Directorships
or Partnerships or Partnerships
----------------------- ----------------------------
Agents Giving Adam Kennedy Estate Agents
Limited
----------------------- ----------------------------
Michael Stoop Property City & Urban Developments
Services Ltd Limited
----------------------- ----------------------------
Sorbet HQ Limited Legal & General Franchising
Limited
----------------------- ----------------------------
The Property Ombudsman William Parker and Son
Limited (Reading) Limited
----------------------- ----------------------------
Whitegates Estate Agency
Limited
----------------------- ----------------------------
Xperience Franchising
Limited
----------------------- ----------------------------
Save as set out at in this announcement there are no further
matters to be disclosed under Rule 17 or paragraph (g) of Schedule
2 of the AIM Rules for Companies.
For further details:
Belvoir Lettings PLC 01476 584900
Mike Goddard, Chairman investorrelations@belvoirlettings.com
Dorian Gonsalves, Chief Executive Officer
Louise George, Chief Financial Officer
Cantor Fitzgerald Europe
Rick Thompson, Philip Davies, Will Goode
Corporate Finance 0207 894 7000
Buchanan 0207 466 5000
Charles Ryland, Madeleine Seacombe, Tilly Abraham belvoir@buchanan.uk.com
Note to Editors:
About Belvoir Lettings PLC
Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir
operates a nationwide property franchise group with 300 offices
across three brands offering a range of specialist services in
property rental, property management, residential lettings, buy to
let and property sales. With its Central Office in Grantham,
Lincolnshire, the Group manages over 58,000 properties and reported
revenue of GBP9.9m in 2016 making Belvoir the largest property
franchise group in the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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