Ground Rents Income Fund PLC Succession Update (9088L)
16 September 2021 - 2:29AM
UK Regulatory
TIDMGRIO
RNS Number : 9088L
Ground Rents Income Fund PLC
15 September 2021
Ground Rents Income Fund plc (the "Company")
Succession Update
As part of the succession planning activities described in the
Company's 2021 Half Year Report, supported by an independent search
agency, the Board is pleased to announce the appointment of
Katherine Innes Ker and Jane Vessey as independent non-executive
directors of the Company with effect from 27 September 2021.
Katherine, an experienced non-executive director, brings broad
commercial experience, corporate finance, mortgage lending, house
building and residential construction industry experience to the
Board.
Katherine is Chair of the Mortgage Advice Bureau plc, Senior
Independent Director and Chair of the Remuneration Committee of
building products company Forterra plc and non-executive director
of the house builder Vistry Group PLC.
Katherine was a non-executive director at Go-Ahead Group PLC
until November 2020, a non-executive director of Taylor Wimpey plc
from 2001 to 2011, chairing the Remuneration Committee from 2004 to
2011, and non-executive director of Bryant Group plc prior to its
acquisition by Taylor Woodrow. She was also a non-executive
director at St Modwen Properties PLC from 2010-2013. Other
appointments include Gigaclear Limited until 2018 and Colt Telecom
Group SA until 2015. Katherine has a degree in Chemistry and a PhD
in Molecular Biophysics from Oxford University.
Jane is an experienced fund manager and investment director,
with almost twenty years' experience, bringing a professional
investor's perspective to the Board. Jane also brings social
housing experience to the Board from her role as Vice-Chair of
Greenoak Housing Association where she sits on the Finance, Audit
and Risk Committee and Assets and New Business Committee, and her
previous roles on the boards of two housing associations. She is an
independent non-executive director at Northern Trust Global
Investments and is Chair of Margetts Fund Management. Jane has
chaired or served on various committees within these companies,
including Risk and Audit and Remuneration committees.
Jane continues to work in the investment industry providing
services to investment management companies including leading
training courses at the Investment Association. She is a visiting
lecturer at a number of business schools including King's College
London and Cranfield School of Management, teaching courses on all
aspects of asset management.
Paul Craig has resigned as a non-executive director of the
Company, effective 16 September 2021. Paul has been a director of
the Company since its initial public offering in 2012.
Barry Gilbertson, Chair of the Company said:
"We are very pleased to welcome Katherine and Jane to the Board.
Each brings extensive, relevant experience as we look to continue
to make progress addressing the opportunities and challenges faced
by the Company.
We are grateful to Paul for his nine years of service to the
Company. His insights into the perspective of a professional
investor in the real estate investment trust sector have been
especially valuable".
Contacts
Schroder Real Estate Investment Management Limited
Nick Montgomery / Matthew Riley
020 7658 6000
Singer Capital Markets (Broker)
James Maxwell / Kailey Aliyar
020 7496 3000
FTI Consulting
Dido Laurimore / Richard Gotla
020 3727 1000
Appleby Securities (Channel Islands) Limited (Sponsor)
Andrew Weaver
01534 888 777
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END
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