REG - Regional REIT Ltd - Director Appointment

Regional REITAnnouncement

21/10/2024 16:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241021:nRSU9845Ia&default-theme=true

RNS Number : 9845I  Regional REIT Limited  21 October 2024

21 October 2024

 

Regional REIT Limited

("Regional REIT" or the "Company")

 

Director Appointment

 

The Board of Regional REIT is pleased to announce that Nicole Burstow will be
appointed as a Non-Executive Director of the Company as a representative of
significant shareholder, Bridgemere Investments Limited, with effect from 24
October 2024.

 

Nicole has over 20 years' experience across the financial services sector and
is a qualified chartered accountant. Nicole's experience includes a 15-year
career at Deloitte LLP where she was a Director before moving to DSW Capital,
a publicly listed mid-market challenger professional services network,
initially joining as CFO and latterly Deputy CEO. During her time at DSW
Capital, she was shortlisted for Chief Financial Officer of the Year at the
2023 Women in Finance Awards.

 

Nicole is currently CFO of the Bridgemere Group of companies, consisting of a
portfolio of strategic long-term investments and businesses in housebuilding,
land and property development and leisure.

 

There are no other details or disclosures to be made which are required under
UKLR 6.4.8R

of the Financial Conduct Authority's Listing Rules.

 

Kevin McGrath, Chairman of Regional REIT, commented: "The Board is delighted
that Nicole is joining the Board of Regional REIT. Nicole's impressive career
in financial services and extensive commercial experience will be of great
benefit to the Company at this important stage of its life."

 

As previously announced, the Nomination Committee is progressing with the
process to identify a new Non-Executive Chair to replace Kevin McGrath, who
has served his nine-year tenure. A further announcement will be made by the
Company in due course.

 

-     Ends -

 

Enquiries:

 

 Regional REIT Limited
 Press enquiries through Buchanan

 ESR Europe Private Markets Limited                         Tel: +44 (0) 203 831 9776
 Investment Adviser 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

 Burson Buchanan                                            Tel: +44 (0) 20 7466 5000
 Financial PR
 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 ESR Europe Private Markets Limited, the Investment Adviser.

 

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 132 properties, 832 tenants as at 30 June 2024, with a
valuation of c.£647.9m.

 

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  BOAZZMZGMMDGDZM