REG - MJ Gleeson Plc - Directorate Change

MJ GLEESONAnnouncement

24/04/2025 07:02

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RNS Number : 9445F  MJ Gleeson PLC  24 April 2025

24 April 2025

Re Directorate Change

James Thomson has notified the Board that he wishes to step down from the
Board and has resigned as a Director with effect from 23 April 2025.

Having been Chief Executive since June 2019, James was appointed Chair in
January 2023. Following a successful transition period since Graham Prothero
was appointed Chief Executive in 2023, and with growing demands on his time
across his other activities, James believes that this is the right time to
step down.

Fiona Goldsmith, Senior Independent Director, has assumed on an interim basis
the role of Chair, as well as Chair of the Nominations Committee, until a
successor has been appointed.

Fiona Goldsmith commented:

"On behalf of the Board I would like to thank James for the part he has
played, both as Chief Executive and Chair, in building MJ Gleeson into the
business that it is today. We wish him well for the future as he turns his
focus fully on to his other activities, particularly in the City of London."

Graham Prothero commented:

"I would like to thank James for his wise counsel and support since I joined
MJ Gleeson. Together we effected a very smooth transition and I wish James all
the best for the future."

James Thomson commented:

"It has been a privilege to lead MJ Gleeson both as Chair and Chief Executive.
We have achieved much over the last six years and I would like to thank all of
my colleagues for their support and generosity during my time at the business.
 I wish Graham Prothero and his team all the best for the future and look
forward to watching the Company's continued success and future progress with
great interest."

ENDS

The information contained within this announcement was previously deemed by
the Company to constitute inside information as stipulated by Market Abuse
Regulation (EU) No 596/2014 ("EU MAR") and the retained UK law version of EU
MAR pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019 (SI
2019/310) ("UK MAR"). With the publication of this announcement via a
Regulatory Information Service, this information is now considered to be in
the public domain. For the purposes of UK MAR, the person responsible for
arranging for the release of this information on behalf of MJ Gleeson plc is
Stefan Allanson, Chief Financial Officer.

LEI: 21380064K7N2W7FD6434

 

Enquiries:

   MJ Gleeson plc                              +44 1142 612 900
   Graham Prothero, Chief Executive Officer
   Stefan Allanson, Chief Financial Officer

 Hudson Sandler                               +44 207 796 4133 / gleeson@hudsonsandler.com
                                              (mailto:gleeson@hudsonsandler.com)
 Mark Garraway
 Harry Griffiths

 Singer Capital Markets                       +44 20 7496 3000
 Shaun Dobson
 Charles Leigh-Pemberton

 Investec                                     +44 207 597 4000
 Ben Griffiths

 David Anderson
 Tom Brookhouse

 

About MJ Gleeson plc

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder with the vision
of "Building Homes. Changing Lives." Focusing on areas where affordable
housing is most needed in the Midlands and North of England, Gleeson Homes'
average selling price was £193,900, 34% lower than other housebuilders
average selling price of £291,700 in the same geographic regions. This means
that a couple earning the National Living Wage can afford to buy a home on any
Gleeson Homes development.

Gleeson Land, which operates across the South of England, is the Group's land
promotion division. To deliver on its vision of "Promoting Land. Unlocking
Value", the division carefully identifies sustainable development
opportunities which it then promotes through the residential planning system
and sells on behalf of the landowner. Gleeson Land is a pioneer of data
analytics in the land promotion space, which it leverages to secure new
promotion agreements and deliver successful planning outcomes.

In July 2023, the Company held a Capital Markets Day titled 'Putting in place
the foundations for growth', where it set a medium-term target within a stable
market environment to reach 3,000 annual completions.

More details on the Company can be found
at: https://www.mjgleesonplc.com/

 

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