REG-Custodian Property Income REIT plc Custodian Property Income REIT plc: Appointment of Non-Executive Director

Custodian Property Income ReitAnnouncement

09/05/2023 07:15

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Custodian Property Income REIT plc (CREI)
Custodian Property Income REIT plc: Appointment of Non-Executive Director

09-May-2023 / 07:00 GMT/BST

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                                                                      9 May 2023

 

                       Custodian Property Income REIT plc

                                        

                                (“the Company”)

                                        

                     Appointment of Non-Executive Director

 

Custodian Property Income  REIT (LSE:  CREI), which  seeks to  deliver a  strong
income return  by  investing in  a  diversified portfolio  of  smaller  regional
properties across  the UK,  is  pleased to  announce  the appointment  of  David
MacLellan as an Independent Non-Executive  Director of the Company, with  effect
from today.  David will join the Company’s Nominations and Management Engagement
Committees. 

 

The Board anticipates David’s appointment as  Chair of the Company, with  effect
from  8 August  2023,  following  David  Hunter’s  expected  retirement  at  the
Company’s Annual General Meeting that day.

 

David MacLellan  has  over 35  years’  experience  in private  equity  and  fund
management and an established track  record as Chair and Non-Executive  director
of public  and private  companies.  During  his executive  career David  was  an
Executive Director of Aberdeen Asset  Management plc (“Aberdeen”) following  its
purchase of  Murray  Johnstone Limited  (“MJ”)  in 2000.   At  the time  of  the
purchase he was Group  Managing Director  of MJ,  a Glasgow  based fund  manager
managing inter alia  closed and  open ended  funds, having  joined MJ’s  venture
capital team  in  1984.    Prior to  joining  MJ  he qualified  as  a  Chartered
Accountant at Arthur Young McLelland Moores (now EY).

 

David is currently Chair and Managing Partner of RJD Partners (“RJD”), a private
equity business; Non-Executive Director and Audit Committee Chair of J&J Denholm
Limited, a family owned business involved  in shipping, logistics, seafoods  and
industrial services; and  Non-Executive Director  and Audit  Committee Chair  of
Aquila Renewables plc, an investment trust.

 

David is former  Chair and  Senior Independent  Director (“SID”)  of John  Laing
Infrastructure Fund,  a  FTSE 250  investment  company, former  Chair  of  Stone
Technologies  Limited,  former   Chair  of  Havelock   Europa  plc  and   former
Non-Executive Director of Maven Income & Growth VCT 2 plc.  He was also Chair of
Britannic UK Income  Fund for 12  years until 2013  as well as  a director of  a
number of private equity backed businesses.

 

Commenting on the appointment,  Elizabeth McMeikan, Senior Independent  Director
of Custodian Property Income REIT, said:

 

“David brings a wealth  of highly relevant  but complementary experiences  which
strengthen the Board’s finance,  investment company and governance  experience. 
We are delighted to welcome  him to the Board and  look forward to working  with
him."

 

David’s other  roles  are not  considered  to  impact his  ability  to  allocate
sufficient time to the Company to discharge his responsibilities effectively.

 

In accordance with the Listing Rules,  there is no further information  required
to be disclosed pursuant to LR9.6.11R and LR9.6.13R.

 

                                    - Ends -

                                        

For further information, please contact:

 

Custodian Capital Limited                                                       
Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE    Tel: +44 (0)116 240 8740
                                                      1 www.custodiancapital.com

 

Numis Securities Limited                                                        
Hugh Jonathan/Nathan Brown                              Tel: +44 (0)20 7260 1000
                                                               www.numiscorp.com
                                                                                
FTI                                          
Consulting
Richard
Sunderland
/ Ellie              Tel: +44 (0)20 3727 1000           Tel: +44 (0)20 3727 1000
Sweeney /
Andrew                                         3 custodianreit@fticonsulting.com
Davis
            2 custodianreit@fticonsulting.com

 

 

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The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BJFLFT45
   Category Code:  BOA
   TIDM:           CREI
   LEI Code:       2138001BOD1J5XK1CX76
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   241955
   EQS News ID:    1626917


    
   End of Announcement EQS News Service

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