REG - Workspace Grp PLC - CEO TRANSITION

WorkspaceAnnouncement

22/10/2024 07:15

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RNS Number : 0310J  Workspace Group PLC  22 October 2024

22 October 2024

 

WORKSPACE GROUP PLC

 

CEO TRANSITION

 

LAWRENCE HUTCHINGS TO TAKE OVER AS CEO OF WORKSPACE ON 18 NOVEMBER 2024

 

Workspace Group PLC ('Workspace'), London's leading provider of sustainable,
flexible workspace, announces that, further to the Company's announcement on 8
May 2024, Lawrence Hutchings will take up the role of Chief Executive Officer
and join the Board on 18 November 2024, succeeding Graham Clemett. To ensure a
smooth transition, Graham will be available to the business until his notice
period ends on 31 January 2025, at which time he will step down from the
Board.

 

Details of Lawrence's remuneration arrangements were set out in the Company's
2024 Annual Report & Accounts.

 

Consistent with his contractual terms, Graham Clemett will be paid salary,
pension and benefits in the normal way until the expiry of his notice period
on 31 January 2025. Details of his remuneration arrangements in connection
with his retirement will be made available in due course in accordance with
section 430(2B) Companies Act 2006.

 

- ENDS -

 

 

For media and investor enquiries, please contact:

 

Workspace Group
PLC

Paul Hewlett, Director of Strategy & Corporate
Development                               020
7138 3300

Clare Marland, Head of Corporate Communications
 

 

FGS Global

Chris Ryall
 
              020 7251 3801

Guy Lamming

 

 

Notes to Editors

 

About Workspace Group PLC:

 

Workspace is London's leading owner and operator of flexible workspace,
currently managing 4.3 million sq. ft. of sustainable space at 73 locations in
London and the South East.

 

We are home to some 4,000 of London's fastest growing and established brands
from a diverse range of sectors. Our purpose, to give businesses the freedom
to grow, is based on the belief that in the right space, teams can achieve
more. That in environments they tailor themselves, free from constraint and
compromise, teams are best able to collaborate, build their culture and
realise their potential.

 

We have a unique combination of a highly effective and scalable operating
platform, a portfolio of distinctive properties, and an ownership model that
allows us to offer true flexibility. We provide customers with blank canvas
space to create a home for their business, alongside leases that give them the
freedom to easily scale up and down within our well-connected, extensive
portfolio.

 

We are inherently sustainable - we invest across the capital, breathing new
life into old buildings and creating hubs of economic activity that help
flatten London's working map. We work closely with our local communities to
ensure we make a positive and lasting environmental and social impact,
creating value over the long term. Workspace was established in 1987, has been
listed on the London Stock Exchange since 1993, is a FTSE 250 listed Real
Estate Investment Trust (REIT) and a member of the European Public Real Estate
Association (EPRA).

 

Workspace® is a registered trademark of Workspace Group PLC, London, UK.

 

LEI: 2138003GUZRFIN3UT430

 

For more information on Workspace, visit www.workspace.co.uk

 

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