Appointment of Non Executive Director

RNS Number : 4571Y

Impact Healthcare REIT PLC

13 May 2021

 

13 May 2021

Impact Healthcare REIT plc

("Impact" or the "Company" or, together with its subsidiaries, the "Group")

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The board of Directors of Impact Healthcare REIT plc (ticker: IHR) (the "Board"), the real estate investment trust which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, in particular care homes, is pleased to announce the appointment of Chris Santer as a Non-Executive Director of the Company with immediate effect. Chris will also serve on the Audit, Remuneration, Nomination and Management Engagement Committees.

Chris Santer has c.25 years of real estate investment and development experience in the UK and Continental Europe in both listed, and private equity, funds. He has been responsible for a number of funds making or managing direct and indirect real estate investments totalling over £5 billion, ranging from core, value add and opportunistic and across sectors including office, retail, warehouse, residential and alternative asset classes, especially healthcare.

Chris is the Chief Investment Officer for Primary Health Properties PLC ("PHP"), one of the UK's leading investors in modern primary healthcare facilities in the UK and Ireland and a constituent of the FTSE 250. Prior to joining PHP, Chris was a Director of Portfolio Management at PGIM Real Estate and previously MGPA. Chris's healthcare experience also included joint ventures with Sunrise Senior Living Inc. to develop and operate premium, private pay UK care homes.

Chris has an MBA from Warwick Business School and is a Member of the Royal Institute of Chartered Surveyors.

Rupert Barclay, Chairman of Impact Healthcare REIT plc, commented:  

"I am delighted to welcome Chris Santer to the Board as a Non-Executive Director. Chris brings 25 years of UK and Continental European real estate investment and development experience, with a particular focus on the healthcare and care homes sectors, which is expected to meaningfully contribute to the Company's growth ambitions and asset management strategy. We very much look forward to working with him."

In accordance with the Listing Rules, no further information is required to be disclosed pursuant to LR9.6.13R.

FOR FURTHER INFORMATION PLEASE CONTACT:

Impact Health Partners LLP Mahesh Patel Andrew Cowley	via Maitland/AMO
Maitland/AMO (Communications Adviser) James Benjamin	07747 113 930 [e-mail]

The Company's LEI is 213800AX3FHPMJL4IJ53.

Further information on Impact Healthcare REIT is available at www.impactreit.uk .

NOTES:

Impact Healthcare REIT plc is a real estate investment trust ("REIT") which aims to provide shareholders with an attractive return, principally in the form of quarterly income distributions and with the potential for capital and income growth, through exposure to a diversified portfolio of UK healthcare real estate opportunities, in particular care homes for the elderly. The Group's investment policy is to acquire, renovate, extend and redevelop high quality healthcare real estate assets in the UK and lease those assets primarily to healthcare operators providing residential healthcare services under full repairing and insuring leases.

The Company has a progressive dividend policy with a target to grow its annual aggregate dividend in line with the inflation-linked rental uplifts received by the Group under the terms of the rent review provisions contained in the Group's leases in the prior financial year.

On this basis, the target total dividend for the year ending 31 December 2021 is 6.41 pence per share*, a 1.91% increase over the 6.29 pence in dividends paid or declared per ordinary share for the year ended 31 December 2020.

The Group's Ordinary Shares were admitted to trading on the main market of the London Stock Exchange, premium segment, on 8 February 2019. The Company is a constituent of the FTSE EPRA/NAREIT index.

* This is a target only and not a profit forecast. There can be no assurance that the target will be met and it should not be taken as an indicator of the Company's expected or actual results.

 

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