REG - Workspace Grp PLC - Workspace CEO Update

WorkspaceAnnouncement

25/01/2024 07:00

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RNS Number : 8319A  Workspace Group PLC  25 January 2024

25 January 2024

 

WORKSPACE GROUP PLC

 

GRAHAM CLEMETT TO RETIRE AS CHIEF EXECUTIVE OFFICER

 

Workspace Group PLC ('Workspace') announces that Graham Clemett, Chief
Executive Officer ('CEO'), has informed the Board of his intention to retire
during 2024, once his successor has been appointed and an appropriate handover
completed. The search for Graham's successor will be led by Duncan Owen,
Chairman, in consultation with the Nominations Committee. The Company will go
through a formal and rigorous selection process for the new CEO and an
announcement will be made once that's concluded.

 

Graham Clemett, Chief Executive Officer, Workspace, commented:

 

"After 16 hugely enjoyable years at Workspace, firstly as CFO and the last
five years as CEO, it feels the right time for me to announce my retirement.
The Company is in great shape and well positioned in the current market. I am
confident that, with the fantastic team we have across the business, Workspace
has an exciting future and will continue to go from strength to strength."

 

Duncan Owen, Chairman, Workspace, commented:

 

"On behalf of the Board, I would like to thank Graham who has been an
excellent CEO and valuable member of the Workspace Board over a long period of
time. We wish him all the best for his retirement and look forward to working
with him until a successor has been found."

 

Remuneration

 

The Remuneration arrangements for Graham Clemett's departure will be in
accordance with the Remuneration Policy approved by shareholders in 2023 and
will be disclosed on the Company's website at the appropriate time in
accordance with section 430 (2b) of the Companies Act 2006.

 

- ENDS -

 

 

 For further information, please contact:

 Workspace Group PLC
 Clare Marland, Head of Corporate Communications                  020 7138 3300

 Paul Hewlett, Director of Strategy & Corporate Development

 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,
managing five million sq. ft. of sustainable space with 76 core 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
(http://www.workspace.co.uk/)

 

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