Intu Properties PLC Appointment of Non-Executive Director (5789L)

TIDMINTU

RNS Number : 5789L

Intu Properties PLC

01 May 2020

LEI: 213800JSNTERD5CJZO95

INTU PROPERTIES PLC

1 MAY 2020

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

intu properties plc ('intu') is pleased to announce the appointment of David Hargrave as non-executive director with effect from today's date.

David brings to intu deep professional experience of working with businesses of all sizes which are undergoing change or restructuring. He will also take up the role of Chief Restructuring Officer as intu works through its strategy to fix the balance sheet.

He is a qualified Chartered Accountant (Fellow of Chartered Accountants Australia and New Zealand) with 33 years of experience in Transaction businesses of Big-4 accounting firms. Throughout his career, David has led processes of change or restructuring within companies by active engagement with their stakeholders.

David was a partner at EY from 2008 to 2019 and prior to that he worked for PwC from 1987 to 2007, the last 7 years as partner.

John Strachan, intu's chairman, said:

"I am delighted to welcome David to the Board of intu. He brings a wealth of highly relevant experience from business turnarounds and restructuring. This will be of significant benefit as we work towards fixing the balance sheet and we look forward to his contribution to the Board's deliberations."

David Hargrave will not be independent upon appointment to intu. Consequently intu will not be compliant with the UK Corporate Governance Code in respect of the balance required on the board, excluding the Chairman, of 50 per cent independent directors and 50 per cent non-independent directors. The Board will keep this matter under close review. David does not own any shares in intu and no other matters require disclosure under LR 9.6.13 R of the FCA Listing Rules in relation to his appointment to intu.

ENQUIRIES

 
 intu properties 
  plc 
 John Strachan       Chairman                         +44 (0)20 7960 1201 
                    -------------------------------  -------------------- 
 Susan Marsden       Company Secretary                +44 (0)20 7887 7000 
                    -------------------------------  -------------------- 
 Adrian Croft        Head of Investor Relations       +44 (0)20 7960 1212 
                    -------------------------------  -------------------- 
 Public relations 
                    -------------------------------  -------------------- 
 UK:                 Justin Griffiths, Powerscourt    +44 (0)20 7250 1446 
                    -------------------------------  -------------------- 
                     Frédéric Cornet, 
 SA:                  Instinctif Partners             +27 (0)11 447 3030 
                    -------------------------------  --------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

BOADGGDSLGXDGGG

(END) Dow Jones Newswires

May 01, 2020 02:00 ET (06:00 GMT)

Intu Properties (LSE:INTU)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025