Change to the board of directors

RNS Number : 5663P

Stenprop Limited

10 June 2020

 

STENPROP LIMITED

(Registered in Guernsey)

(Registration number 64865)

LSE share code: STP  JSE share code: STP

ISIN:  GG00BFWMR296

("Stenprop" or the "Company")

CHANGE TO THE BOARD OF DIRECTORS

10 June 2020

Shareholders are advised that, as part of a process to increase the proportion of independent directors on the board,  Warren Lawlor has confirmed that he will not stand for re-election at the Company's upcoming annual general meeting to be held on or about 16 September 2020 and that he will step down from his position as a director of the Company with effect from that date.

We wish to thank Warren for his outstanding contribution to the Board since he was appointed in April 2017.

A structured process to identify and attract an independent non-executive director with the appropriate expertise and background to replace Warren will commence in the near future.

For further information:

Stenprop Limited   [phone]

Paul Arenson ([e-mail])

Julian Carey ([e-mail])  

James Beaumont ([e-mail])

Numis Securities Limited (Financial Adviser)                                       [phone]

Hugh Jonathan

Vicki Paine

Justin Bell 

Tavistock (PR Adviser)    [phone]

James Whitmore

James Verstringhe

Java Capital Trustees and Sponsors Proprietary Limited  [phone]

(JSE Sponsor)

About Stenprop:

Stenprop is a Guernsey-registered UK REIT. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to www.stenprop.com.

 

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