REG - Ground Rents Inc Fnd - Non-executive director appointments

Ground Rents Income FundAnnouncement

23/04/2026 07:00

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RNS Number : 5604B  Ground Rents Income Fund PLC  23 April 2026

23 April 2026

 

Ground Rents Income Fund plc

("GRIO" or the "Company")

 

Non-executive director appointments

 

Ground Rents Income Fund plc announces the appointments of Mike Holt and Sarah
Booth as Independent Non-Executive Directors of the Company, with effect from
22 April 2026.

 

These appointments follow the announcement on 11 December 2025 that Katherine
Innes Ker and Bill Holland will step down from the Board, currently expected
during May 2026. Upon his appointment, Mike will assume the role of Audit and
Risk Committee Chair, replacing Bill who will continue to act as a
non-executive director until he steps down from the Board.

 

As part of the appointment process, the base fees for director remuneration
were revised downwards. Following the departures of Katherine and Bill, costs
(excluding any taxable disbursements and employers NI) for the incumbent
members of the Board will reduce to £120,000 per annum (compared to £181,625
for the financial year ending 30 September 2025). Any additional Board
remuneration will be subject to shareholder approval and linked to any return
of capital to shareholders, ensuring alignment with stakeholders and the
Manager.

 

Mike Holt

Mike is an experienced executive and non-executive plc director with broad
industrial sector expertise and knowledge, including real estate management
and services. His executive roles included Finance Director of Global
Procurement within Rolls-Royce Plc, Group Finance Director of Vp plc and Chief
Financial Officer of Low & Bonar plc, two main market listed companies,
and Executive Chair of Real Good Food plc, which was an AIM listed company.
Mike was a non-executive director, and Chair of the Audit and Risk Committee,
of Schroders Asian Total Return Investment Company plc for nine years between
2014 and 2023.

 

Sarah Booth

Sarah is a corporate and commercial lawyer having spent her career working in
roles in a range of multi-national industries.  She has experience in mergers
and acquisitions, commercial real estate, capital markets and support
services, and latterly was General Counsel and Company Secretary at Hammerson
plc. She is presently Chair of Trustees at The Army Benevolent Fund.

 

Mike and Sarah will stand for election at the Company's next Annual General
Meeting to be held in 2027.

 

 

Enquiries:

 

Schroder Real Estate Investment Management Limited

Chris Leek

020 7658 6000

 

Singer Capital Markets (Financial Adviser & Broker)

James Maxwell / Sam Butcher (Investment Banking)

Sam Greatrex (Sales)

020 7496 3000

 

Appleby Securities (Channel Islands) Limited (Sponsor)

Andrew Weaver / Michael Davies

01534 888 777

 

FTI Consulting

Richard Gotla / Oliver Parsons

0203 727 1000

 

JTC (UK) Limited (Company Secretary)

Ruth Wright

+44 207 409 0181

 

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