Board changes

RNS Number : 8129I

Belvoir Lettings PLC

26 March 2018

 

For Immediate release

26 March 2018

BELVOIR LETTINGS PLC

(the "Group" or "Belvoir") 

Board changes

Belvoir Lettings PLC (AIM: BLV), the UK's largest property franchise, announces that, after over five years of service to the Belvoir board, Nicholas Leeming is stepping down as a non-executive director of the Company with effect from 10 April 2018 and Michael Stoop is joining the Board as non-executive director with immediate effect.  

After starting his Estate Agency career with M Winkworth plc, Michael joined the Legal & General Group in 1992, where he was instrumental in setting up Legal & General Franchising Ltd, successfully converting its corporate estate agency business into a wholly franchised network before being sold to The Property Franchise Group plc ("TPFG", formerly Martin & Co plc) in 2014. On completion of the transaction, Michael became Group Managing Director of TPFG, with his association with the Company ending in July 2017. Michael has been a member of The Property Ombudsman Ltd since 2001, becoming its Vice Chairman in December 2015. He was appointed a Non-Executive Director of Sorbet HQ Limited in February 2018.

Following Nick's retirement, Michael Stoop will take over the role of Chairman of the Remuneration Committee and become a member of the Audit Committee.

Michael Goddard, Chairman, commented:

"On behalf of the Board, I would like to thank Nick for his considerable contribution since the Group floated on AIM.

I am delighted to welcome Michael to the Company and am sure his deep understanding of franchising as well as the property sector will be a great asset to the Group. The Board very much looks forward to working with him."

Michael Ian Stoop, aged 62, holds or has held the following directorships or partnerships in the past five years:

Current Directorships or Partnerships	Previous Directorships or Partnerships
Agents Giving	Adam Kennedy Estate Agents Limited
Michael Stoop Property Services Ltd	City & Urban Developments Limited
Sorbet HQ Limited	Legal & General Franchising Limited
The Property Ombudsman Limited	William Parker and Son (Reading) Limited
	Whitegates Estate Agency Limited
	Xperience Franchising Limited

Save as set out at in this announcement there are no further matters to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

For further details:

Belvoir Lettings PLC Mike Goddard, Chairman Dorian Gonsalves, Chief Executive Officer Louise George, Chief Financial Officer	01476 584900 [e-mail]
Cantor Fitzgerald Europe Rick Thompson, Philip Davies, Will Goode Corporate Finance	0207 894 7000
Buchanan Charles Ryland, Madeleine Seacombe, Tilly Abraham	0207 466 5000 [e-mail]

Note to Editors:

About Belvoir Lettings PLC

Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise group with 300 offices across three brands offering a range of specialist services in property rental, property management, residential lettings, buy to let and property sales. With its Central Office in Grantham, Lincolnshire, the Group manages over 58,000 properties and reported revenue of £9.9m in 2016 making Belvoir the largest property franchise group in the UK.

 

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