REG - MJ Gleeson Plc - Re Directorate

MJ GLEESONAnnouncement

12/10/2022 07:00

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RNS Number : 5503C  MJ Gleeson PLC  12 October 2022

MJ Gleeson plc

("the Company")

(GLE.L)

 

Re Directorate

 

MJ Gleeson plc, the low-cost housebuilder and land promoter, announces that
Dermot Gleeson, after 47 years on the Board and 28 years as Chairman, will
step down from Board with effect from 31 December 2022.

The Board has concluded an exhaustive search process and is pleased to
announce that James Thomson, CEO until 31 December 2022 and who had accepted
an invitation to subsequently remain on the Board as a non-executive Director,
will succeed Dermot as non-executive Chairman with effect from 1 January 2023.

Fiona Goldsmith, Senior Independent Director, commented:

"The Board would like to put on record its heartfelt thanks to Dermot for the
enormous contribution to the business that he has made over many years and
which have seen some of the most testing times experienced across the UK
housebuilding sector.  It was his vision that saw the business transformed
into the UK's leading listed low-cost housebuilder and a business that can
genuinely say that it changes people's lives.

"We are delighted that James will succeed Dermot.  He has a long and
outstanding track record in the housebuilding sector and, of course, a deep
knowledge of Gleeson.  This will provide much stability, both in these
volatile times and as we welcome Graham Prothero as our new CEO at the
beginning of next year."

Dermot Gleeson, Chairman, commented:

"I will be leaving the business in good shape and in good hands.  I am
extremely proud of what has been achieved by the wider Gleeson team throughout
my time as Chairman and I look forward to watching with interest and
excitement the continued growth of the business as it continues to play a
leading role in meeting the enormous demand from first-time buyers for an
affordable home."

As previously announced, a search process is underway for an additional
non-executive Director and the Board expects to make an appointment before the
end of the year.

The next trading update will be issued on the morning of the Company's Annual
General Meeting on 18 November 2022 and a trading update in respect of H1
FY2023 will be issued on 13 January 2023.

 

ENDS

 

This announcement is made in accordance with Rule 9.6.14 of the UK Listing
Rules.

 

This announcement contains inside information. The person responsible for
arranging the release of this announcement on behalf of the company is Leanne
Johnson, Company Secretary.

 

LEI: 21380064K7N2W7FD6434

12 October 2022

Enquiries:

MJ Gleeson
plc

Leanne Johnson, Head of Legal & Company Secretary           Tel: +44
1142 612900

 

Hudson Sandler

Mark
Garraway
Tel: +44 7771 860938

Charlotte
Cobb
Tel: +44 7795 422131

 

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