REG - Target H'care REIT - Directorate Change

Target Healthcare ReitAnnouncement

12/10/2022 07:00

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RNS Number : 5611C  Target Healthcare REIT PLC  12 October 2022

To:                   RNS

Date:               12 October 2022

Company:       Target Healthcare REIT plc

LEI:                  213800RXPY9WULUSBC04

Subject:           Directorate Change

 

 

 

Directorate Change

 

The Board of Directors of Target Healthcare REIT plc is pleased to announce
the appointment of Mr Richard Cotton as an independent non-executive Director
of the Company with effect from 1 November 2022. It is anticipated that Mr
Cotton will be appointed to the role of Senior Independent Director, following
the retirement of Mr Coull at the conclusion of the forthcoming AGM.

 

Mr Cotton has over 40 years of experience in the property sector and headed
the real estate corporate finance team at JP Morgan Cazenove until April 2009.
Subsequently he was a Managing Director of Forum Partners and Chairman of
Centurion Properties. He has wide corporate experience as a former
non-executive director of Hansteen plc and including advisory roles with
Lloyds Bank and Transport for London.

 

Mr Cotton is currently the Chairman of Helical plc and a consultant to Big
Yellow Group plc, where he served as a non-executive director from 2012 until
2022.

 

There is no further information required to be disclosed pursuant to paragraph
9.6.13 R of the Listing Rules in relation to this appointment.

 

The Board of Directors is also pleased to announce that it is expected that Mr
Michael Brodtman will be appointed as an independent non-executive Director of
the Company early in the new year.

 

Mr Brodtman has extensive knowledge of the property sector. He worked for
global property advisers CBRE for over 40 years, retiring as chairman of the
UK Advisory division in June 2022. He led the firm's Valuation department for
over 20 years, and served on its Executive Board and Operating Committee,
respectively responsible for strategic direction and day-to-day management.

 

He is a Fellow of the Royal Institution of Chartered Surveyors and has been
extensively involved with the RICS throughout his professional career. He was
formerly a member of the Policy Committee of the British Property Federation,
the RICS Global Valuation Professional Board and the Bank of England
Commercial Property Forum.

 

Mr Brodtman has further Board experience as a former nonexecutive director of
Investment Property Databank and housing association Places for People. He is
keenly interested in the healthcare sector, with relevant experience from his
role as a Trustee of Jewish Care, which provides health and social care
services for London's Jewish Community, including ten care homes with some 500
residents.

 

 

All Enquiries:

Kenneth MacKenzie, Gordon Bland

Target Fund Managers Limited

01786 845 912

 

 

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