Regional REIT Limited Appointment of Non-Executive Director (5479D)
February 01 2018 - 2:00AM
UK Regulatory
TIDMRGL
RNS Number : 5479D
Regional REIT Limited
01 February 2018
1 February 2018
Regional REIT Limited
Board Appointment
The Board of 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 that Ms.
Frances Daley has been appointed, with immediate effect, as a
Non-Executive Director of the Company and member of the Audit
Committee and Management Engagement and Remuneration Committee.
Frances, a Chartered Accountant, is a non-executive director of
Henderson Opportunities Trust PLC and chair of Baring Emerging
Europe PLC. She is also chair of Haven House Children's Hospice and
chair of James Allen's Girls' School.
No further information is required to be disclosed pursuant to
LR 9.6.13 in respect of Frances Daley.
Kevin McGrath, Chairman of Regional REIT Limited, commented: "I
am delighted to welcome Frances as a Director of the Company. We
are confident that her considerable experience and knowledge will
be a valuable asset in assisting the Company in continuing to
pursue its strategic ambitions and growth."
Biography for Frances Daley
Frances Daley is a Chartered Accountant who qualified with a
predecessor firm to EY, spending nine years in corporate finance,
followed by 18 years in various chief financial officer roles. From
2007 to 2012 she was group finance director of the private equity
backed Lifeways Group, the UK's largest provider of specialist
support to adults with learning disabilities and mental health
needs.
- ENDS -
Enquiries:
Regional REIT Limited
Press enquiries through Headland
Toscafund Asset Management Tel: +44 (0) 20 7845 6100
Investment Manager to the Group
Adam Dickinson, 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 3805 4222
Financial PR
Francesca Tuckett
About Regional REIT
Regional REIT Limited (LSE: RGL) ("Regional REIT", "the Group"
or "the Company") 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 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 2017, was spread
across 150 regional properties, 1,093 units and 823 tenants. As at
30 June 2017, the investment portfolio had a value of GBP640.4m and
a net initial yield of 6.7%. The weighted average unexpired lease
term to first break was 3.5 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.
www.regionalreit.com
LEI: 549300D8G4NKLRIKBX73
This information is provided by RNS
The company news service from the London Stock Exchange
END
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