Directorate Change

RNS Number : 8038R

Capital & Regional plc

05 March 2019

 

5 March 2019

CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")

UK company number 01399411

LSE share code: CAL

ISIN: GB0001741544

LEI: 21380097W74N9OYF5Z25

Directorate change

Further to the announcement dated 6 August 2018, Capital & Regional, the UK focused REIT with a portfolio of dominant in-town community shopping centres, announces that, following a search process undertaken by the Board, Stuart Wetherly, current acting Group Finance Director, has been permanently appointed to the position of Executive Director and Group Finance Director, effective 11 March 2019. He will also continue to undertake the duties of Company Secretary.

Previously Director of Operational Finance and Reporting & Company Secretary, Stuart has been in senior finance roles in Capital & Regional since joining the Company in November 2012. During his career prior to Capital & Regional, he was a director in Deloitte LLP's audit practice for six years, acting for clients including a number of international FTSE 250 companies, and also held finance roles at Johnson Matthey PLC.

Stuart is ACA qualified and holds a BSc (Joint Hons) from University College London University.

Hugh Scott-Barrett, Chairman at Capital & Regional, said: "Having spent much of his career at Capital & Regional, Stuart is more than qualified for this role and is deeply familiar with our operations and strategy. He is uniquely placed to help the Board and management carry the Company forward and we are pleased to be able to formalise his role."

Note: This announcement is made pursuant to Listing Rule 9.6.11. In accordance with Listing Rule 9.6.13R, Capital & Regional confirms that there is no information to be disclosed in terms of LR 9.6.13R (1) to LR 9.6.13R (6) inclusive in respect of this appointment.

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For further information:

Capital & Regional:	Tel:  [phone]
Lawrence Hutchings, Chief Executive
FTI Consulting:	Tel: [phone]
Richard Sunderland Claire Turvey [e-mail]

About Capital & Regional plc

Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering significant value enhancing retail and leisure asset management opportunities across its c. £1 billion portfolio of in-town, dominant community shopping centres.

Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone, Walthamstow and Wood Green. Capital & Regional manages these assets through its in-house expert property and asset management platform.

For further information see www.capreg.com.

 

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