Impact Healthcare REIT PLC Appointment of Non Executive Director (4571Y)
May 13 2021 - 2:00AM
UK Regulatory
TIDMIHR
RNS Number : 4571Y
Impact Healthcare REIT PLC
13 May 2021
13 May 2021
Impact Healthcare REIT plc
("Impact" or the "Company" or, together with its subsidiaries,
the "Group")
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
The board of Directors of Impact Healthcare REIT plc (ticker:
IHR) (the "Board"), the real estate investment trust which gives
investors exposure to a diversified portfolio of UK healthcare real
estate assets, in particular care homes, is pleased to announce the
appointment of Chris Santer as a Non-Executive Director of the
Company with immediate effect. Chris will also serve on the Audit,
Remuneration, Nomination and Management Engagement Committees .
Chris Santer has c.25 years of real estate investment and
development experience in the UK and Continental Europe in both
listed, and private equity, funds. He has been responsible for a
number of funds making or managing direct and indirect real estate
investments totalling over GBP5 billion, ranging from core, value
add and opportunistic and across sectors including office, retail,
warehouse, residential and alternative asset classes, especially
healthcare.
Chris is the Chief Investment Officer for Primary Health
Properties PLC ("PHP"), one of the UK's leading investors in modern
primary healthcare facilities in the UK and Ireland and a
constituent of the FTSE 250. Prior to joining PHP, Chris was a
Director of Portfolio Management at PGIM Real Estate and previously
MGPA. Chris's healthcare experience also included joint ventures
with Sunrise Senior Living Inc. to develop and operate premium,
private pay UK care homes.
Chris has an MBA from Warwick Business School and is a Member of
the Royal Institute of Chartered Surveyors.
Rupert Barclay, Chairman of Impact Healthcare REIT plc,
commented:
"I am delighted to welcome Chris Santer to the Board as a
Non-Executive Director. Chris brings 25 years of UK and Continental
European real estate investment and development experience, with a
particular focus on the healthcare and care homes sectors, which is
expected to meaningfully contribute to the Company's growth
ambitions and asset management strategy. We very much look forward
to working with him."
In accordance with the Listing Rules, no further information is
required to be disclosed pursuant to LR9.6.13R.
FOR FURTHER INFORMATION PLEASE CONTACT:
Impact Health Partners LLP via Maitland/AMO
Mahesh Patel
Andrew Cowley
Maitland/AMO (Communications Adviser) 07747 113 930
James Benjamin impacthealth-maitland@maitland.co.uk
The Company's LEI is 213800AX3FHPMJL4IJ53.
Further information on Impact Healthcare REIT is available at
www.impactreit.uk .
NOTES:
Impact Healthcare REIT plc is a real estate investment trust
("REIT") which aims to provide shareholders with an attractive
return, principally in the form of quarterly income distributions
and with the potential for capital and income growth, through
exposure to a diversified portfolio of UK healthcare real estate
opportunities, in particular care homes for the elderly. The
Group's investment policy is to acquire, renovate, extend and
redevelop high quality healthcare real estate assets in the UK and
lease those assets primarily to healthcare operators providing
residential healthcare services under full repairing and insuring
leases.
The Company has a progressive dividend policy with a target to
grow its annual aggregate dividend in line with the
inflation-linked rental uplifts received by the Group under the
terms of the rent review provisions contained in the Group's leases
in the prior financial year.
On this basis, the target total dividend for the year ending 31
December 2021 is 6.41 pence per share*, a 1.91% increase over the
6.29 pence in dividends paid or declared per ordinary share for the
year ended 31 December 2020.
The Group's Ordinary Shares were admitted to trading on the main
market of the London Stock Exchange, premium segment, on 8 February
2019. The Company is a constituent of the FTSE EPRA/NAREIT
index.
* This is a target only and not a profit forecast. There can be
no assurance that the target will be met and it should not be taken
as an indicator of the Company's expected or actual results.
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END
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