Regional REIT Limited Appointment of a Senior Independent Director (8177Q)
December 02 2016 - 4:48AM
UK Regulatory
TIDMRGL
RNS Number : 8177Q
Regional REIT Limited
02 December 2016
2 December 2016
Regional REIT Limited
Appointment of a Senior Independent Director
Regional REIT Limited (LSE: RGL) ("Regional REIT", "the Group"
or "the Company"), the UK regional office and industrial property
focused REIT, is pleased to announce the appointment of Mr William
("Bill") Eason as Senior Independent Director with effect from 1
December 2016.
This notification is made in accordance with LR9.6.11 (3) of the
Listing Rules.
Mr Eason has been a non-executive Director of the Company since
16 October 2015 and Chairman of the Audit Committee from its
establishment on 6 November 2015.
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Enquiries:
Regional REIT Limited
Press enquiries through Headland
Toscafund Asset Management Tel: +44 (0) 20 7845 6100
Investment Manager to the Group
James S Johnson, Investor Relations, Regional REIT Limited
London & Scottish Investments Tel: +44 (0) 141 248 4155
Asset Manager to the Group
Stephen Inglis
Headland Tel: +44 (0) 20 7367 5222
Financial PR
Francesca Tuckett
About Regional REIT
Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main
Market traded specialist real estate investment trust focused on
office and industrial property interests in the principal regional
locations of the United Kingdom outside of the M25 motorway.
Regional REIT is managed by London & Scottish Investments,
the Asset Manager, and Toscafund Asset Management, the Investment
Manager, and was formed by the combination of two existing funds
previously created by the Managers as a differentiated play on the
expected recovery in UK regional property, to deliver an attractive
total return to Shareholders and with a strong focus on income.
The Group's investment portfolio, as at 30 June 2016, was spread
across 128 regional properties, 974 units and 719 tenants. As at 30
June 2016, the investment portfolio had a value of GBP501.3m and a
net initial yield of 7.1%. The weighted average unexpired lease
term to first break was approximately 3.6 years.
The Company's shares were admitted to the Official List of the
UK's Financial Conduct Authority and to trading on the London Stock
Exchange on 6 November 2015. For more information, please visit the
Group's website at www.regionalreit.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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