Directorate Change

RNS Number : 9732M

Capital & Counties Properties Plc

02 June 2010

 



2 June 2010

CAPITAL & COUNTIES PROPERTIES PLC

APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND AUDIT COMMITTEE CHAIRMAN

The Board of Directors of Capital & Counties Properties PLC is pleased to announce the appointment of Henry Staunton as Non-Executive Director, effective 2 June 2010.

In accordance with the intention set out in the Company's Prospectus dated 12 March 2010, Henry Staunton will also be appointed as Chairman of the Audit Committee, effective 1 July 2010, at which point Ian Durant will step down from that committee.

Henry Staunton was a Partner of Price Waterhouse in London for 12 years to 1993 when he was appointed Finance Director of Granada Group plc. He was Finance Director of Granada Media plc upon its IPO in 2000, and ITV plc until 2006. He is an experienced Non-Executive Director whose current appointments include Legal & General Group Plc and Merchants Trust PLC.

Ian Durant, Chairman of Capital & Counties Properties PLC, commented:

"Henry Staunton brings a wealth of experience to Capital & Counties. As a former audit firm Partner, a highly regarded Finance Director in the media, hotels and leisure sectors and an experienced Non-Executive Director we welcome him and look forward to his contribution to the board and to his role as Chair of the Audit Committee."

ENDS

For corporate enquiries please contact:

Ruth Pavey, Company Secretary, Capital & Counties Properties PLC

T: [phone]

Wendy Baker, Hudson Sandler (UK)

T: [phone]

Nicholas Williams, College Hill (South Africa)

T: [phone]

Notes to Editors

About Capital & Counties Properties PLC

CAPITAL & COUNTIES PROPERTIES PLC is one of the largest companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. CAPITAL & COUNTIES PROPERTIES PLC holds 3.5 million square feet of assets valued at £1.2 billion (as at 31 December 2009) in three landmark London estates: Covent Garden London, which has assets valued at £548 million, including the historic Market Building; Earls Court & Olympia Group and 50% of the Empress State building in Earls Court amounting to aggregate propertyassets of £434 million; and the Great Capital Partnership, a joint venture with Great Portland Estates, which holds a further £247 million of assets in London's West End. The company demerged from Liberty International PLC (now Capital Shopping Centres Group PLC) in May 2010, and is listed on the London Stock Exchange and the JSE, Johannesburg.

 

END

 

 

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