Board Appointment

RNS Number : 6027R

Belvoir Lettings PLC

10 March 2016

 

For Immediate Release

10 March 2016

BELVOIR LETTINGS PLC

(the "Group" or "Belvoir") 

Board Appointment

Belvoir Lettings PLC (AIM:BLV), one of the UK's largest property franchises, is delighted to announce the appointment of Mark Newton as a Director of Belvoir Lettings, with immediate effect.

Formerly the Group CEO of Newton Fallowell, a franchised network across the Midlands with 31 outlets that Belvoir acquired in July 2015, Mark Newton, has extensive experience in property sales and lettings having enjoyed a 30 year career in the sector. He spent 13 years with Black Horse Agencies which he joined in 1984 and was Managing Director of Legal & General Estate Agents Ltd from 1997 to 1999, responsible for 80 owned and 150 franchised branches, before founding Newton Fallowell. Since their acquisitions, Mark has been responsible for the continued management and growth of the Newton Fallowell and the Goodchilds' networks.

Mike Goddard, Chairman and CEO of Belvoir commented:

"With his deep understanding of estate agency and of growing a successful franchising network, Mark's appointment both strengthens and broadens the expertise on the Belvoir Board. We are delighted to welcome Mark to the team and look forward to the additional benefit that his wealth of knowledge will bring as Belvoir delivers on its multi brand strategy and value creation for shareholders."

Mark Newton, aged 60, is or has been in the previous 5 years, a director of the following companies:

Current directorships

Newton Fallowell Ltd (Formerly Newton Derry Fallowell & Moore Ltd) Newton & Derry Ltd Newton & Derry Financial Services Ltd

Former directorships

None

In accordance with the AIM Rules, the following information required to be disclosed is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.

Mr Newton has a beneficial interest in 10,000 ordinary shares of the Company.

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For further details:

Belvoir Lettings PLC Mike Goddard, Chairman and CEO Louise George, Chief Financial Officer	01476 584900 [e-mail]
Cantor Fitzgerald Europe Rick Thompson, Phil Davies, Michael Reynolds, Corporate Finance David Banks,  Tessa Sillars, Corporate Broking	0207 894 7000
Buchanan Charles Ryland, Victoria Watkins, Madeleine Seacombe	0207 466 5000

About Belvoir Lettings PLC

Belvoir was founded in February 1995 by Mike and Stephanie Goddard and operates from its Central Office in Grantham, Lincolnshire.  Belvoir successfully listed on the AIM market of the London Stock Exchange on 21 February 2012.

Belvoir is recognised as one of the largest specialist lettings agency franchises in the UK, with 168 outlets nationwide and has recently moved additionally into sales. The company offers a specialist service in property rental, property management, residential lettings, buy to let and now property sales, in selected locations. Each local Belvoir office is owned and personally managed by local owners, operating under licence from Belvoir Property Management (UK) Ltd.

Belvoir was officially awarded the Best Lettings Agency Franchise Gold Award at the 2015 Agency of the Year Awards in association with The Sunday Times & The Times for the 5th time in the 6 years of the awards history.

In July 2015 Belvoir acquired Newton Fallowell Ltd, a network of 30 franchised and one corporate estate and lettings agencies and in October Belvoir acquired Goodchilds Estate Agents and Lettings Limited, a network of 14 property sales and lettings branches located across the West Midlands. The Company is now committed to developing a multi-brand franchising strategy. Across the networks, the Group operates through 213 outlets.

 

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