Appointment of Non-Executive Director

RNS Number : 5479D

Regional REIT Limited

01 February 2018

 

1 February 2018

Regional REIT Limited

Board Appointment

The Board of Regional REIT Limited (LSE: RGL) ("Regional REIT", "the Group" or "the Company"), the UK regional office and industrial property focused REIT, is pleased to announce that Ms. Frances Daley has been appointed, with immediate effect, as a Non-Executive Director of the Company and member of the Audit Committee and Management Engagement and Remuneration Committee.

Frances, a Chartered Accountant, is a non-executive director of Henderson Opportunities Trust PLC and chair of Baring Emerging Europe PLC. She is also chair of Haven House Children's Hospice and chair of James Allen's Girls' School.

No further information is required to be disclosed pursuant to LR 9.6.13 in respect of Frances Daley.

Kevin McGrath, Chairman of Regional REIT Limited, commented: "I am delighted to welcome Frances as a Director of the Company. We are confident that her considerable experience and knowledge will be a valuable asset in assisting the Company in continuing to pursue its strategic ambitions and growth."

Biography for Frances Daley

Frances Daley is a Chartered Accountant who qualified with a predecessor firm to EY, spending nine years in corporate finance, followed by 18 years in various chief financial officer roles. From 2007 to 2012 she was group finance director of the private equity backed Lifeways Group, the UK's largest provider of specialist support to adults with learning disabilities and mental health needs.

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Enquiries:

Regional REIT Limited
Press enquiries through Headland
Toscafund Asset Management	Tel: [phone]
Investment Manager to the Group
Adam Dickinson, Investor Relations, Regional REIT Limited
London & Scottish Investments	Tel: [phone]
Asset Manager to the Group
Stephen Inglis
Headland	Tel: [phone]
Financial PR
Francesca Tuckett

About Regional REIT

Regional REIT Limited (LSE: RGL) ("Regional REIT", "the Group" or "the Company") 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 is managed by London & Scottish Investments, the Asset Manager, and Toscafund Asset Management, the Investment Manager, and was formed 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.

The Group's investment portfolio, as at 30 June 2017, was spread across 150 regional properties, 1,093 units and 823 tenants. As at 30 June 2017, the investment portfolio had a value of £640.4m and a net initial yield of 6.7%. The weighted average unexpired lease term to first break was 3.5 years.

The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.

www.regionalreit.com

LEI: 549300D8G4NKLRIKBX73

 

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