Australia's Lifestyle Communities slips on MD retirement announcement
14/10/2024 01:56
** Shares of Lifestyle Communities LIC.AX fall as much as
6.9% to A$8.750, their lowest level since Oct 8
** Real estate developer says co-founder and managing
director James Kelly to retire
** Co says it has commenced process to appoint new CEO
** Adds David Blight to assume role of executive chairman
from January 1, 2025 until new CEO commences
** Stock has fallen ~48% this year as of last close
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))
Recent news on Lifestyle Communities
See all newsAustralia's Lifestyle Communities hits lowest level since April 2017 on weaker sales
Brief: Lifestyle Communities Says Sales Activity Moderated During Q1 Fy27
Australia's Lifestyle Communities falls on weak quarterly sales
Brief: Lifestyle Communities To Not Appeal Court Of Appeal Decision On DMF Terms
Australia's Lifestyle Communities hits six-month high on FY profit rise