Custodian REIT plc : Appointment of Non-Executive Director (1366533)
02 June 2022 - 12:32AM
UK Regulatory
Custodian REIT plc (CREI) Custodian REIT plc : Appointment of
Non-Executive Director 01-Jun-2022 / 15:32 GMT/BST Dissemination of
a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
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1 June 2022
Custodian REIT plc
("Custodian REIT" or "the Company")
Appointment of Non-Executive Director
Custodian REIT (LSE: CREI), the UK property investment company,
is pleased to announce the appointment of a Non-Executive Director
of the Company with effect from 6 June 2022.
Malcolm Cooper has been appointed as independent Director and
will join the Company's Audit and Risk, Nominations and ESG
Committees. The Board anticipates Malcolm's appointment as Chair of
the Audit and Risk Committee with effect from 1 September 2022
following Matthew Thorne's expected retirement at the 31 August
2022 AGM as he enters his ninth year in office.
Malcolm is a qualified accountant and an experienced FTSE 250
company Audit Committee Chair with an extensive background in
corporate finance and a wide experience in infrastructure and
property.
Malcolm worked with Arthur Andersen and British Gas/BG
Group/Lattice before spending 15 years with National Grid with
roles including Managing Director of National Grid Property and
Global Tax and Treasury Director, and culminated in the successful
sale of a majority stake in National Grid's gas distribution
business, now known as Cadent Gas.
Malcolm is currently a Non-Executive Director of Morgan Sindall
Group plc, a FTSE 250 UK construction and regeneration business,
Chairing its Audit and Responsible Business Committees. He is also
Senior Independent Director of MORhomes plc, Non-Executive Director
and Audit Committee Chair at Southern Water Services Limited and
Non-Executive Director and Audit and Risk Committee Chair at Local
Pensions Partnership Investment.
Malcolm was previously Senior Independent Director and Audit
Committee chair at CLS Holdings plc, a Non-Executive Director of St
William Homes LLP, President of the Association of Corporate
Treasurers and a member of the Financial Conduct Authority's
Listing Authority Advisory Panel.
Commenting on the appointment, David Hunter, Chairman of
Custodian REIT, said:
"I am delighted to welcome Malcolm to the Board as Non-Executive
Director. He brings a range of different but complementary
experiences which strengthen the Board's finance, property and
governance experience. We look forward to working with him."
Malcolm's other roles are not considered to impact his ability
to allocate sufficient time to the Company to discharge his
responsibilities effectively.
In accordance with the Listing Rules, there is no further
information required to be disclosed pursuant to LR9.6.11R and
LR9.6.13R.
-Ends-
For further information, please contact:
Custodian Capital Limited
Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE Tel: +44 (0)116 240 8740
www.custodiancapital.com
Numis Securities Limited
Hugh Jonathan / Nathan Brown Tel: +44 (0)20 7260 1000
www.numiscorp.com
Notes to Editors
Custodian REIT plc is a UK real estate investment trust, which
listed on the main market of the London Stock Exchange on 26 March
2014. Its portfolio comprises properties predominantly let to
institutional grade tenants on long leases throughout the UK and is
principally characterised by properties with individual values of
less than GBP10 million at acquisition.
The Company offers investors the opportunity to access a
diversified portfolio of UK commercial real estate through a
closed-ended fund. By targeting sub GBP10 million lot size,
regional properties, the Company intends to provide investors with
an attractive level of income with the potential for capital
growth.
Custodian Capital Limited is the discretionary investment
manager of the Company.
For more information visit www.custodianreit.com and
www.custodiancapital.com.
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ISIN: GB00BJFLFT45
Category Code: MSCH
TIDM: CREI
LEI Code: 2138001BOD1J5XK1CX76
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 165610
EQS News ID: 1366533
End of Announcement EQS News Service
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