Director Appointment

Real Estate Credit Investments Ltd

08 May 2024

 

Real Estate Credit Investments Limited

(the "Company")

Director Appointment 

In line with the Board's succession planning and following the appointment of an independent recruitment firm and a comprehensive search process, the Company announces that Andreas Tautscher has been appointed, with effect from 07 May 2024, as an independent non-executive director of the Company.

Andreas will also serve as a member of the Company's Audit & Risk, Nomination, Remuneration and Management Engagement Committees and will stand for election at the Annual General Meeting to be held in September 2024.

Andreas, a Guernsey resident and Austrian national, has over 30 years' experience in the banking and financial services industry including as CEO of Deutsche Bank International.

Andreas is currently a non-executive director of Doric Nimrod Air Two Limited and (Chair of) Doric Nimrod Air Three Limited, entities both listed on the London Stock Exchange ("LSE"). He is also a non-executive director of Globalworth Real Estate Investments Limited which is publicly quoted on the AIM market of the LSE. 

Welcoming Andreas to the Board, Bob Cowdell, Chairman, commented: "I am delighted that Andreas has agreed to join the RECI Board and look forward to the Company benefiting from the experience and complementary skills he will bring."

There are no further disclosures to be made in respect of paragraphs 9.6.13R (1) - (6) of the Financial Conduct Authority's Listing Rules.

For further information please contact:

Investment Manager:	[e-mail] (Cheyne)	[phone]
Broker:	Darren Vickers / Edward Mansfield (Liberum Capital)	[phone]

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