7 July 2017
Regional REIT ZDP PLC
Board Change
Regional REIT ZDP PLC (LSE: RGLZ) ('Regional REIT ZDP' or 'the Company'), today announces that Mr Martin McKay is to step down as a Director with immediate effect.
Martin McKay has been a Non-Executive Director of the Company since its acquisition in March 2017.
The Board has appointed Mr Tim Bee as a Non-Executive Director of Regional REIT ZDP with immediate effect. Tim Bee has also been appointed a Director of Regional REIT Limited.There are no further matters to be disclosed under Listing Rule 9.6.13.
- ENDS -
Biography for Tim Bee
Mr Tim Bee is the Chief Legal Counsel of Toscafund Asset Management LLP ('Toscafund'). Tim joined Toscafund in May 2014 having previously been a corporate partner at two leading London-based law firms. He qualified as a solicitor in 1988 and has extensive experience in mergers & acquisitions, equity capital markets and financial services.
Enquiries:
Regional REIT ZDP PLC | |
Press enquiries through Headland PR | |
Toscafund Asset Management LLP | Tel: +44 (0) 20 7845 6100 |
Investment Manager to Regional REIT Limited | |
James S Johnson, Investor Relations, Regional REIT Limited | |
London & Scottish Investments Limited | Tel: +44 (0) 141 248 4155 |
Asset Manager to Regional REIT Limited | |
Stephen Inglis | |
Headland PR Consultancy LLP | Tel: +44 (0) 20 7367 5222 |
Financial PR | |
Francesca Tuckett |
About Regional REIT ZDP
Regional REIT ZDP PLC (LSE: RGLZ) is a wholly-owned subsidiary of Regional Commercial Midco Limited, itself a wholly-owned subsidiary of Regional REIT Limited. Regional REIT ZDP was acquired on 24 March 2017 as part of a transaction for a portfolio of commercial property assets. Regional Commercial Midco has assumed the obligations to fund the repayment of the zero dividend preference shares issued by Regional REIT ZDP.
Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway.
Regional REIT Limited is managed by London & Scottish Investments, the Asset Manager, and Toscafund Asset Management, the Investment Manager, and was formed by the combination of two existing funds previously created by the Managers as a differentiated play on the expected recovery in UK regional property, to deliver an attractive total return to Shareholders and with a strong focus on income.
Regional Reit ZDP plc published this content on 07 July 2017 and is solely responsible for the information contained herein.
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