Highcroft Investments PLC Directorate Change (7174A)
25 Mars 2013 - 8:01AM
UK Regulatory
TIDMHCFT
RNS Number : 7174A
Highcroft Investments PLC
25 March 2013
Highcroft Investments plc
("Highcroft" or "the Company")
Board changes
After 18 years as a board member and 12 years as the CEO,
Jonathan Kingerlee has decided to stand down as Chief Executive and
director of Highcroft with effect from 31st July 2013 to pursue
other opportunities. Jonathan Kingerlee was first appointed to the
board of Highcroft in 1995 and was promoted to Chief Executive in
2001. He has played an important part in developing the group's
balance of property and equity interests, coordinating a number of
significant acquisitions and disposals, which along with other
strategies has seen both net assets and returns to shareholders
rise.
The board is delighted to announce today the appointment of
Simon Gill as Property Director with effect from 1st April 2013. He
will assume the role of Chief Executive from the date of Jonathan
Kingerlee's resignation.
Simon Gill, 56, qualified as a chartered surveyor in 1982,
becoming a Fellow of the Royal Institution of Chartered Surveyors
in 1994. He became a partner of Allsop & Co in 1985 and left to
establish his own commercial property advisory practice in 1988
advising institutional, property company and private clients
throughout the UK. In 1997 he went on to create various joint
ventures and over a period of 5 years he acquired some 380
properties requiring asset management: these were subsequently
improved and sold on. From 2002 to 2010 he was contracted to Close
Brothers Group Plc as asset manager to manage the assets of one of
their private equity funds. Since this time he has concentrated on
managing a personal portfolio of principally commercial
properties.
As required by the Listing Rules, it is confirmed that there are
no details to be disclosed pursuant to LR 9.6.13 R (1) to (6).
Simon Gill does not currently hold any shares in the Company.
John Hewitt commented: Jonathan leaves with the board's thanks
for the significant contribution that he has made to the business.
Jonathan has been instrumental in driving the evolution of the
Company and the board has appreciated his stewardship and wise
counsel. He leaves with the board's blessing and we wish him well
in his future endeavours. We are delighted that Simon has agreed to
join us as Property Director and CEO designate. His excellent
background and strong sector credentials will be of great
assistance to the Company in continuing its strategy of delivering
shareholder value.
For further information, please contact:
Highcroft Investments plc
Roberta Miles/John Hewitt 01865 840023
Charles Stanley Securities
Dugald J. Carlean/Karri Vuori 020 7149 6000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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