Capital & Regional - Board change
22/10/2024 07:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241022:nRSV0318Ja&default-theme=true
RNS Number : 0318J Capital & Regional plc 22 October 2024
UK company number 01399411
LSE share code: CAL
ISIN: GB00BL6XZ716
LEI: 21380097W74N9OYF5Z25
22 October 2024
CAPITAL & REGIONAL PLC
("Capital & Regional" or the "Company" or the "Group")
Board change
The Board announces that, following his resignation from the Company on 8 May
2024, Lawrence Hutchings, CEO, will immediately commence garden leave and will
formally leave the business on 15 November 2024, at which point he will cease
to be a Director of the Company.
Stuart Wetherly, Group Finance Director, has, with immediate effect, been
appointed Acting CEO, assisted by James Ryman, Investment Director. This
structure will remain in place at least until the completion of the
recommended cash and share offer by NewRiver REIT plc for the Company.
David Hunter, Chairman, commented: "I would once again like to thank Lawrence
for his service over the past seven years. Despite being on notice to depart,
he has continued to serve with a very high level of commitment to the Company,
and we wish him well for the future. I am also grateful to Stuart and James
for their flexibility and support."
-Ends-
For further information:
Capital & Regional plc 020 7932
8000
David Hunter
Stuart Wetherly
FTI
Consulting
020 3727 1000
Richard Sunderland
Bryn Woodward
Oliver Parsons
capreg@fticonsulting.com (mailto:capreg@fticonsulting.com)
The contents of this announcement have been prepared by and are the sole
responsibility of Capital & Regional.
This announcement contains inside information. The person responsible for
arranging this announcement on behalf of Capital & Regional is Stuart
Wetherly, Company Secretary and Chief Financial Officer.
About Capital & Regional plc
Capital & Regional is a UK focused retail property REIT specialising in
shopping centres that dominate their catchment, serving the non-discretionary
and value orientated needs of the local communities. It has a track record of
delivering value enhancing retail and leisure asset management opportunities
across a portfolio of tailored in-town community shopping centres.
Using its expert property and asset management platform Capital & Regional
owns and manages shopping centres in Edinburgh, Hemel Hempstead, Ilford,
Maidstone, Walthamstow and Wood Green.
Capital & Regional is listed on the main market of the London Stock
Exchange (LSE) and has a secondary listing on the Johannesburg Stock Exchange
(JSE).
For further information see www.capreg.com (http://www.capreg.com/) .
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END BOAMBBLTMTITBLI