REG - Inland Homes PLC - Director Appointment & New Board Responsibilities

Inland HomesAnnouncement

03/08/2023 10:30

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RNS Number : 2267I  Inland Homes PLC  03 August 2023

3 August 2023

 

Inland Homes plc

("Inland Homes" or the "Group")

 

Confirmation of Appointment and Change of Board Responsibilities

 

 

Confirmation of Appointment

 

Further to its announcement of 24 July 2023, Inland Homes plc (AIM: INL), the
brownfield developer, housebuilder and partnership housing company with a
focus on the South and South East of England, confirms that Richard Padley has
been appointed an independent non-executive director of the Group with effect
from 2 August 2023.  Richard will also Chair the Audit Committee.

 

 

Change of Board Responsibilities

 

Following Richard's appointment, the Board has refreshed its committee
composition, and announces the following changes with immediate effect:

 

·      The Audit Committee will comprise Richard Padley as Chair, and
Matthew Robinson and Trevor Sawyer as members.

 

·      The Nomination Committee will be chaired by Matthew Robinson,
with Richard Padley and Trevor Sawyer as members.

 

·      The Remuneration Committee will comprise Trevor Sawyer as Chair,
and Matthew Robinson and Richard Padley as members.

 

·      Additionally, Trevor Sawyer is appointed as Senior Independent
Director.

 

 

Matthew Robinson, Chair of Inland Homes, commented:

 

"I am pleased to welcome Richard to Inland; his background as a Chartered
Accountant and experience in the property sector will make him a valuable
addition to the Board.  His arrival has also allowed us to refresh our
committee composition, and re-appoint a Senior Independent Director, a role I
am delighted that Trevor Sawyer has agreed to fulfil."

 

 

Additional Information

In accordance with the AIM Rules, the following information required to be
disclosed in relation to Richard Padley is set out below. Other than this
information, there is no further information required to be disclosed under
paragraph (g) of Schedule Two of the AIM Rules.

 

Full name and age

Richard George Padley, aged 32

 

Current beneficial shareholding in the Company

Nil.

12,462,500 shares (4.54%) are held by G W Padley Property 2 Limited, an entity
controlled by Padley family interests.

 

Current directorships

Exeter Court 1 Limited

Enquiries

 

Inland Homes plc Tel: 44 (0)1494 762450

Matthew Robinson, Chair

Jolyon Harrison, CEO

 

Panmure Gordon (UK) Limited Tel: 44 (0)20 7886 2500

Dominic Morley / James Sinclair-Ford (Corporate Advisory)

Tom Scrivens (Corporate Broking)

 

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