REG - Impact Healthcare - BOARD CHANGES

Impact Healthcare REITAnnouncement

18/03/2024 07:00

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RNS Number : 1410H  Impact Healthcare REIT PLC  18 March 2024

18 March 2023

Impact Healthcare REIT plc

(the "Company")

BOARD CHANGES

Impact Healthcare REIT plc (ticker: IHR), the real estate investment trust
which gives investors exposure to a diversified portfolio of UK healthcare
real estate assets, in particular care homes, is pleased to announce that Cedi
Frederick will join the Board as an independent Non-Executive Director on 1
April 2024.

 

Over his 40-year career, Cedi has held a number of senior management, chief
executive and board member positions in the healthcare and housing sectors
across the public, private and not-for-profit arenas.  He is currently Chair
of NHS Kent and Medway, Chair of the Health and Europe Centre, Co-Chair of
Inspire for Black Londoners, and Non-Executive Director of Sage Homes. Cedi is
also owner and Managing Director of Article Consulting Ltd, which works with
and supports the 'Leaders of Today and Tomorrow', and the CEO of a health tech
start-up. Previously, Cedi was a Non-Executive Director of two specialist NHS
Mental Health Trusts, Chair of an NHS Hospital Trust and Governor of
Canterbury Christ Church University.

 

Cedi will also become a member of the Audit, Nomination, Remuneration and
Management Engagement Committees on appointment.

 

Philip Hall has announced his intention to retire as a Non-Executive Director
at the Company's AGM on 21 May 2024.  Phil has been an invaluable colleague
and Director since our IPO in 2017.  The Board and Investment Manager would
like to thank Philip for his great support and contribution to the Company
over the last seven years.

 

Simon Laffin, Chair, commented:

"I am delighted to welcome Cedi Frederick to the Board. We have been looking
to strengthen further the Board's experience in the broader healthcare arena,
and Cedi's extensive career in this sector and his wider expertise equip him
well to make a strong contribution to the Board.  We very much look forward
to working with him. I would like to add my personal thanks to Phil Hall, who
has made a major contribution to the success of the Company over the last
seven years."

 

In accordance with the Listing Rules, there are no further matters required to
be disclosed pursuant to LR9.6.13R in respect of Cedi Frederick's appointment.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 Impact Health Partners LLP                                                             Via H/Advisors Maitland
 Andrew Cowley
 David Yaldron

 Jefferies International Limited                                                        020 7029 8000
 Tom Yeadon                                    tyeadon@jefferies.com
 Neil Winward                                  nwinward@jefferies.com
 Ollie Nott                                    onott@jefferies.com

 Winterflood Securities Limited                                                         020 3100 0000
 Neil Langford                                 neil.langford@winterflood.com
 Joe Winkley                                   joe.winkley@winterflood.com

 H/Advisors Maitland (Communications advisor)  impacthealth-maitland@h-advisors.global
 James Benjamin                                                                         07747 113 930
 Rachel Cohen                                                                           020 7379 5151
 Billy Moran                                                                            020 7379 5151

 

The Company's LEI is 213800AX3FHPMJL4IJ53.

 

Further information on Impact Healthcare REIT plc is available at
www.impactreit.uk (http://www.impactreit.uk/) .

 

NOTES:

Impact Healthcare REIT plc acquires, renovates, extends and redevelops high
quality healthcare real estate assets in the UK and lets these assets on
long-term full repairing and insuring leases to high-quality established
healthcare operators which offer good quality care, under leases which provide
the Company with attractive levels of rent cover.

 

The Company aims to provide shareholders with an attractive sustainable
return, principally in the form of quarterly income distributions and with the
potential for capital and income growth, through exposure to a diversified and
resilient portfolio of UK healthcare real estate assets, in particular care
homes for the elderly.

 

The Company's dividend policy is to maintain a progressive dividend that is
covered by adjusted earnings.

 

On this basis, the target total dividend for the year ending 31 December 2024
is 6.95 pence per share(*), a 0.18 pence increase over the 6.77 pence in
dividends paid or declared per ordinary share for the year ended 31 December
2023.

 

The Group's Ordinary Shares trade on the main market of the London Stock
Exchange, premium segment. The Company is a constituent of the FTSE
EPRA/NAREIT index.

*     This is a target only and not a profit forecast. There can be no
assurance that the target will be met and it should not be taken as an
indicator of the Company's expected or actual results.

 

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