Appointment of SID and Changes to Committees

RNS Number : 1203Y

Glenveagh Properties PLC

04 September 2020

 

4 September 2020

Glenveagh Properties plc

Appointment of New Senior Independent Director and Changes in Board Committee Composition

Dublin/London, 4 September 2020: Glenveagh Properties plc ("Glenveagh" or the "Company") today announces that Robert Dix has been appointed as Senior Independent Director ('SID') with immediate effect. Robert succeeds Lady Barbara Judge, who sadly passed away on 31 August 2020, as previously disclosed.

Robert is one of the longest serving Non-Executive Directors of the Company, having been appointed at IPO in 2017, and he has served as Chair of the Audit & Risk Committee from his appointment to the Board to date. Robert will continue to serve as a member of the Audit & Risk Committee in addition to his new role as SID, though he will step down as Chair and he will no longer serve on the Remuneration & Nomination Committee.

Cara Ryan was appointed as a member of the Audit & Risk Committee on 3 September 2020 and will succeed Robert Dix as Chair with effect from 8 September 2020. Cara has now also been appointed as a member of the Remuneration & Nomination Committee with immediate effect.

Pat McCann was appointed as a member of the Remuneration & Nomination Committee on 3 September 2020.

Chairman John Mulcahy commented "We are deeply saddened by the untimely death of Lady Barbara. Nevertheless, as a Board we must move on and I welcome Robert to Glenveagh's SID role and look forward to continuing to work with him in his new capacity. Robert's knowledge of the Company and understanding of the issues that affect our business and the interests of our shareholders together with his strong commitment to good governance make him an excellent appointment to the role.

For further information please contact:

Chloe McCarthy

Group Company Secretary

[e-mail]

Note to Editors

Glenveagh Properties plc, listed on Euronext Dublin and the London Stock Exchange, is a leading Irish homebuilder with a focus on strategically located developments in the Greater Dublin Area, Cork, Limerick and Galway.

Glenveagh delivers across three distinct business segments - Suburban, Urban and Partnerships - as a single business, capitalising on scale advantages and investing to optimise return on capital.

www.glenveagh.ie

 

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