Belvoir Lettings PLC Board Changes (3073S)

TIDMBLV

RNS Number : 3073S

Belvoir Lettings PLC

25 June 2018

 
   25 June 2018 
 

BELVOIR LETTINGS PLC

(the "Group" or "Belvoir")

Board changes

Belvoir Lettings PLC (AIM: BLV), the UK's largest property franchise, announces that Andrew Borkowski is stepping down as a Non-Executive Director of the Company as of today and Paul George is joining the Board as a Non-Executive Director, with immediate effect.

Paul is currently Executive Director of Corporate Governance and Reporting at the Financial Reporting Council ("FRC"), where he has been leading initiatives on improving the quality of reporting by smaller listed and AIM quoted companies and setting the UK's corporate governance codes including the guide to Board effectiveness and the role of Audit Committees.

Paul also gained extensive experience in audit, transaction services and consultancy over a 17 year period with KPMG, the last four years of which were as an Audit Partner. In 2000, Paul was appointed Executive Director of Proudfoot Consulting (now MCG plc) a business specialising in helping multi-national companies improve their operational effectiveness, prior to joining the FRC in 2004.

Paul George will also take over the role of Chairman of the Audit Committee and become a member of the Remuneration Committee.

Commenting on the board changes, Mike Goddard, Chairman, said:

"On behalf of the Board, I would like to thank Andrew for his considerable contribution to the growth strategy of the Group over the past four years and we wish him well for the future.

We are delighted to welcome Paul to Belvoir. His considerable experience and deep understanding of financial reporting and corporate governance will further strengthen the Board. We very much look forward to working with him."

Paul George, aged 57, holds or has held the following directorships or partnerships in the past five years:

 
 Current Directorships or Partnerships   Previous Directorships or Partnerships 
                                         Financial Reporting Council 
                                          Limited 
                                          Alleyn's School Enterprises 
                                          Limited 
                                          International Forum of Independent 
                                          Audit Regulators (a Swiss Verein) 
                                        --------------------------------------- 
 

Save as set out at in this announcement there are no further matters to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

For further details:

 
Belvoir Lettings PLC                                  01476 584900 
 Mike Goddard, Chairman                                [e-mail] 
 Dorian Gonsalves, Chief Executive Officer 
 Louise George, Chief Financial Officer 
 
  Cantor Fitzgerald Europe 
  Rick Thompson, Philip Davies, Will Goode 
  Corporate Finance                                     0207 894 7000 
 
 
  Buchanan                                              0207 466 5000 
  Charles Ryland, Madeleine Seacombe, Tilly Abraham     [e-mail] 
 

Note to Editors:

About Belvoir Lettings PLC

Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise group with 300 offices across three brands specialising in residential lettings, property management, residential sales and property-related financial services. With its Central Office in Grantham, Lincolnshire, the Group manages over 58,000 properties and reported revenue of GBP11.3m in 2017 making Belvoir the largest property franchise group in the UK.

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END

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June 25, 2018 02:01 ET (06:01 GMT)