Non-Executive Director Board Changes

RNS Number : 2881Q

Unite Group PLC

17 October 2019

 

17 October 2019

THE UNITE GROUP PLC

NON-EXECUTIVE DIRECTOR BOARD CHANGES

The Unite Group plc announces that as part of its Board succession planning:

·      Dame Shirley Pearce DBE will join the Board as a Non-Executive Director on 1 November 2019;

·      Professor Sir Steve Smith will join the Board as a Non-Executive Director on 1 April 2020; and

·    Sir Tim Wilson, Non-Executive Director and Chair of the Health & Safety Committee, is stepping down from the Board effective 31 December 2019 after serving nine years.

Dame Shirley has held Chair, Senior Executive and Non-Executive roles at board level in higher education, health and policing. She was appointed by the Secretary of State for Education as the Independent Reviewer of the Teaching Excellence and Student Outcomes Framework (TEF)(completed in October 2019) and is a member of the Committee on Standards in Public Life, a member of the Advisory Board of HCA Healthcare UK and, until 31 December 2019, Chair of Court at the London School of Economics and Political Science (LSE).

Dame Shirley was also Vice-Chancellor and President of Loughborough University from 2006-2012.  She was appointed CBE in 2005 for services to education in the NHS and in 2014 appointed DBE for services to Higher Education.

Professor Sir Steve Smith brings with him a wealth of experience in the Higher Education sector. He is currently the Vice-Chancellor and Chief Executive of the University of Exeter, a position he has held since 2002 and is stepping down from in August 2020. Sir Steve was the Chair of UCAS between 2012 and 2019 and serves on the Boards of Universities UK (UUK) and the Russell Group. Among other roles he is also Chair of UUK International Policy Network.

Between 2007 and 2010, Sir Steve led for higher education on the Prime Minister's National Council of Excellence in Education, which provided advice to Government about strategy and measures to achieve world-class education performance for all children and young people. Sir Steve was knighted in 2011 for services to higher education locally and nationally.

These two appointments are in addition to the previously announced appointment of Tom Jackson, head of CPPIB's UK real estate business, as Non-Executive Director as part of Unite's proposed acquisition of Liberty Living.

Phil White, Chairman of Unite, commented:

"It has been my great pleasure to work with Tim over the last nine years. His insight, expertise and hands-on experience of the Higher Education sector has been invaluable to the Board and our wider business.  I would like to thank him for his contribution to Unite and we wish him the very best for the future.

I'm delighted to welcome Shirley and Steve to the Board as Non-Executive Directors. They are both leading figures who have been recognised at the highest level for their achievements and services to higher education. Their appointments reflect the importance of our partnerships with the higher education sector and I look forward to working with them at this exciting time for Unite."

No further information is required to be disclosed pursuant to Listing Rule 9.6.13R.

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For further information, please contact:

Unite Students Joe Lister, Chief Financial Officer Candice Macdonald, Head of Communications Powerscourt Justin Griffiths Victoria Heslop

Tel: [phone] Tel: [phone] Tel: [phone]

About Unite Students

Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in circa 130 properties across 22 leading university towns and cities in England and Scotland. Unite also has a strong development pipeline, which will deliver more than 6,000 beds in the next three years. 

Our 1,400 people are driven by a common purpose: to provide the students who live with us a 'Home for Success' and to be the most trusted brand in the sector.  We do this through quality service, quality people and quality properties, all designed on the basis of an unrivalled insight into students' needs and preferences.

Unite's accommodation is high quality, safe and secure, and located close to university campuses, transport links and local amenities. Students live predominantly in en-suite study bedrooms with rents covering all bills, insurance, 24-hour security, fortnightly cleaning services and high-speed Wi-Fi. MyUnite, our mobile app, provides practical support such as instant messaging and maintenance requests.

Our commitment to customer service is powered by an innovative, in-house operating platform. It provides a wide range of benefits to our students, such as an optimised online booking process, as well as providing us with a unique ability to drive value from our portfolio through scale efficiencies and revenue management.

Alongside delivering quality service, our other strategic priority is delivering growing and sustainable earnings, underpinned by a strong capital structure.  A key part of this strategy is growing the number of beds let though partnerships with mid and high tariff universities which are experiencing record levels of student demand.  We currently partner with 60 higher education institutions, guaranteeing that approximately 60% of our rooms are let under multi-year, 'nomination agreements' providing high visibility of forward occupancy and rental growth.

Unite is invested in and operates two specialist funds and joint ventures with institutional investment partners: the £2 billion Unite UK Student Accommodation Fund (USAF), and the £1 billion London Student Accommodation Vehicle (LSAV).

Unite is the founder of and major donor to the Unite Foundation, a charitable trust established to support talented students facing challenging financial circumstances through the provision of free accommodation annual scholarships. The Foundation has so far provided scholarships for 250 young people working in close collaboration with 28 universities.

Founded in 1991 in Bristol, Unite Group is an award-winning Real Estate Investment Trust (REIT), listed on the London Stock Exchange and a member of the FTSE 250 Index.

For more information, please visit Unite's corporate website www.unite-group.co.uk, the student site www.unite-students.com or the Unite Foundation www.unitefoundation.co.uk

 

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