REG - Regional REIT Ltd - Appointment of Non-Executive Director

Regional REITAnnouncement

25/05/2022 13:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220525:nRSY8001Ma&default-theme=true

RNS Number : 8001M  Regional REIT Limited  25 May 2022

 

25 May 2022

 

Regional REIT Limited

("Regional REIT" or the "Company")

 

Appointment of Non-Executive Director

 

 

The Board of Regional REIT (LSE: RGL), the regional office specialist, is
pleased to announce the appointment of Ms. Massy Larizadeh as Non-Executive
Director of the Company and a member of the Audit Committee, Nomination
Committee and Management Engagement and Remuneration Committee with effect
from 1 June 2022. Massy has a particular interest in environmental, social,
and governance (ESG) issues and as such will be taking a lead role in the
Company's ESG matters and will become the Chair of the ESG Working Party which
also includes members of the Asset and Investment Manager.

 

Massy has over 30 years of experience across the financial services sector
and, more recently, has spent the last seventeen years in the commercial real
estate sector. In the property sector she has held senior executive roles with
blue-chip companies, such as GE Real Estate, Cushman & Wakefield Investors
and Deloitte Real Estate. Massy is a Non-Executive Director of Orbit Group and
London & Partners, and serves as a Director of New Horizons Advisory Ltd.
She is also a member of the Board of Trustees of UPProjects.

 

Kevin McGrath, Chairman of the Company, commented:

 

"I am delighted that Massy has agreed to join the Board of Regional REIT
Limited. Massy's impressive career in the financial services and commercial
real estate sector will be of great benefit to us. She will receive a warm
welcome and we look forward to working with her."

 

No further information is required to be disclosed pursuant to LR 9.6.13 in
respect of Massy Larizadeh.

 

Ends

 

Enquiries:

 Regional REIT Limited

 Toscafund Asset Management                                 Tel: +44 (0) 20 7845 6100
 Investment Manager to the Group
 Adam Dickinson, Investor Relations, Regional REIT Limited

 London & Scottish Property Investment Management           Tel: +44 (0) 141 248 4155
 Asset Manager to the Group
 Stephen Inglis

 Buchanan Communications                                    Tel: +44 (0) 20 7466 5000
 Financial PR                                               regional@buchanan.uk.com
 Charles Ryland / Henry Wilson / George Beale

 

About Regional REIT

Regional REIT Limited ("Regional REIT" or the "Company") and its
subsidiaries (the "Group") is a United Kingdom ("UK") based real estate
investment trust that launched in November 2015. It is managed
by London & Scottish Property Investment Management Limited, the Asset
Manager, and Toscafund Asset Management LLP, the Investment Manager.

Regional REIT's commercial property portfolio is comprised wholly of income
producing UK assets and comprises, predominantly of offices located in the
regional centres outside of the M25 motorway. The portfolio is geographically
diversified, with 168 properties, 1,077 occupiers as at 31 December 2021, with
a valuation of c.£906.1m.

Regional REIT pursues its investment objective by investing in, actively
managing and disposing of regional core and core plus property assets. It aims
to deliver an attractive total return to its Shareholders, targeting greater
than 10% per annum, with a strong focus on income supported by additional
capital growth prospects.

The Company's shares were admitted to the Official List of
the UK's Financial Conduct Authority and to trading on the London Stock
Exchange on 6 November 2015. For more information, please visit the Group's
website at www.regionalreit.com (http://www.regionalreit.com) .

Cautionary Statement

This document has been prepared solely to provide additional information to
Shareholders to assess the Group's performance in relation to its operations
and growth potential. The document should not be relied upon by any other
party or for any other reason. Any forward looking statements made in this
document are done so by the Directors in good faith based on the information
available to them up to the time of their approval of this document. However,
such statements should be treated with caution due to the inherent
uncertainties, including both economic and business risk factors, underlying
any such forward-looking information.

ESMA Legal Entity Identifier ("LEI"): 549300D8G4NKLRIKBX73

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAFLFIFEFIEFIF