Capital & Counties Properties Plc Appointment of Chief Financial Officer (2697P)

TIDMCAPC

RNS Number : 2697P

Capital & Counties Properties Plc

16 November 2016

16 November 2016

CAPITAL & COUNTIES PROPERTIES PLC

APPOINTMENT OF CHIEF FINANCIAL OFFICER

Capital & Counties Properties PLC ("Capco") announces that Situl Jobanputra will be appointed to the executive director position of Chief Financial Officer with effect from 1 January 2017. This follows the resignation of Soumen Das as Managing Director & Chief Financial Officer announced on 26 July 2016. The responsibility for the oversight of Covent Garden will revert to Ian Hawksworth, Chief Executive of Capco, with immediate effect. Soumen will step down as Chief Financial Officer on 31 December 2016 but will remain at Capco until 15 January 2017 to ensure a smooth transition.

Situl is an experienced corporate financier having led Deutsche Bank's UK real estate investment banking team before joining Capco in January 2014 to provide support on corporate finance and capital markets and to oversee the finance functions at Earls Court and Lillie Square.

Ian Hawksworth commented:

"We are delighted to welcome Situl to the Board of Capco and the role of Chief Financial Officer. He is well respected within the company and the wider markets and has significant investment banking and finance experience. Capco is committed to developing talent and Situl has consistently delivered since joining Capco. This appointment will also allow the existing successful finance structure to continue to operate efficiently."

There is no further information to be disclosed pursuant to Listing Rules 9.6.11 - 9.6.13.

ENDS

Corporate enquiries:

 
                                                       [phone] 
 Ian Hawksworth      Chief Executive                    9188 
                                                       [phone] 
 Ruth Pavey          Company Secretary                  9814 
                                                       [phone] 
 Michelle McGrath    Director of Investor Relations     6093 
 

Media enquiries:

 
                               Director of Communications    [phone] 
 Sarah Hagan                    & Marketing                   9185 
 UK: Tulchan Communications                                  [phone] 
  LLP                          Susanna Voyle                  4200 
                                                             [phone] 
 SA: Instinctif Partners       Frederic Cornet                3030 
 

About Capital & Counties Properties PLC (Capco):

Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco's landmark London estates are valued at GBP3.6 billion (as at 30 June 2016): Covent Garden, which has assets valued at GBP2.1 billion including the historic Market Building; and Earls Court Properties including the Empress State Building together with the Venues business with aggregate property assets of GBP1.5 billion. The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.

www.capitalandcounties.com

This information is provided by RNS

The company news service from the London Stock Exchange

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November 16, 2016 02:01 ET (07:01 GMT)