Highcroft Investments PLC Directorate Change (5529L)
04 January 2023 - 1:53AM
UK Regulatory
TIDMHCFT
RNS Number : 5529L
Highcroft Investments PLC
03 January 2023
03 January 2023
Highcroft Investments PLC (the "Company")
Directorate Change
The Board of Highcroft Investments plc today announces the
appointment of Paul Leaf-Wright as Chief Executive Officer on 1
January 2023 in place of Simon Gill.
Paul qualified as a member of the South African Institute of
Chartered Accountants and has over 40 years of property and
financial services experience. He established Leaf Capital in 2004
and is the Company's Chairman. He also co-founded Atlantic Leaf
Properties Ltd in 2013, a UK Real Estate Investment Trust that
invested, primarily, in industrial assets in the UK. Atlantic Leaf
was listed on the JSE and SEM markets and Paul was its CEO until
June 2022. Paul built the portfolio to approximately GBP400m in
assets, when the business was sold to a large private equity
company.
Paul previously held various senior roles in South African
banking companies, including financial and strategy director, head
of treasury, director of property and asset finance and head of
wealth management.
As announced on 20 September 2022, Simon Gill has resigned from
the Company with effect from 30 March 2023. He stepped down as
Chief Executive Officer on 1 January 2023 but will remain as an
Executive Director until 30 March 2023 to effect an orderly
handover of his responsibilities to Paul.
The Board has also agreed to appoint Cube Management Limited to
provide property management advisory services to the Company with
immediate effect.
Paul Leaf-Wright has an effective beneficial shareholding of 20%
in Cube Management Limited. Paul is not employed by and nor is he a
contractor to Cube Management Limited.
Charles Butler, Chairman said:
"Paul brings a wealth of industry skills and experience to
Highcroft and I am delighted that he will be our new Chief
Executive Officer. The Board believes he will be a great fit for
the Company to lead the business through its next strategic
phase."
Paul Leaf-Wright, Chief Executive Officer said:
"I joined Highcroft because I could see the great potential in
the Company and aim to continue its solid performance to deliver
growth. I will work with Simon on a seamless transition over the
coming months."
Listing Rule 9.6.13 (1) to (6) disclosures
Paul Leaf-Wright was a director of Atlantic Leaf Properties
Limited between November 2013 and June 2022. Paul Leaf-Wright was
also a director of South African-incorporated Ciba Packaging (Pty)
Ltd at the time that this company went into Business Rescue (a
process similar to Administration under UK insolvency law) in May
2020 under the South African Companies Act and was subsequently
sold in May 2020. There are no other details to be disclosed under
Listing Rule 9.6.13 (1) to (6).
For further information, contact:
Highcroft Investments PLC
Charles Butler / Roberta Miles
01869 352766
Singer Capital Markets
Peter Steel / Alex Emslie
020 7496 3000
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END
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