REG - Regional REIT Ltd - Directorate Changes

Regional REITAnnouncement

11/10/2024 07:00

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RNS Number : 7622H  Regional REIT Limited  11 October 2024

11 October 2024

Regional REIT Limited

("Regional REIT" or the "Company")

 

Directorate Changes

 

 

Director Retirement

 

The Board of Regional REIT announces that Daniel Taylor, Senior Independent
Director, will step down as a Non-Executive Director ("NED") of the Company on
15 October 2024, having completed the duration of his nine-year tenure and in
accordance with the Company`s NED tenure policy. Daniel joined the Board in
October 2015 and his insight and dedication have been of significant value
during his time with the Company.

 

As previously announced, a Bridgemere Investment Limited representative NED is
expected to be appointed in due course and the Nomination Committee has also
commenced the process to identify a new non-executive Chair to replace Kevin
McGrath, who will shortly have served his nine-year tenure. Further
announcements will be made by the Company as soon as these appointments and
their effective dates have been decided.

 

Appointment of Senior Independent Director

 

The Company further announces that Massy Larizadeh will be appointed as Senior
Independent Director with effect from 15 October 2024, to replace Daniel
Taylor. Massy has been an independent NED of the Company since June 2022. She
is the Chair of the Management Engagement and Remuneration Committee and
Nomination Committee and a member of the Audit Committee.

 

Kevin McGrath, Chairman of Regional REIT, commented: "The Board thanks Daniel
for his valuable input and commitment to the Company over his nine-year tenure
and wish him well for the future."

 

 

This notification is made in accordance with UKLR 6.4.6R.

 

 

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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

 Buchanan Communications                                    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/) .

 

 

Legal Entity Identifier ("LEI"): 549300D8G4NKLRIKBX73

 

 

 

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