Impact Healthcare REIT PLC Statement re Appointment of Non-Executive Director (6355J)

TIDMIHR

RNS Number : 6355J

Impact Healthcare REIT PLC

30 June 2017

30 June 2017

Impact Healthcare REIT plc

(the "Company")

Appointment of Non-Executive Director

The Board of Directors of Impact Healthcare REIT plc (ticker: IHR) is pleased to announce the appointment of Paul Craig as non-executive director and a member of the Management Engagement Committee with immediate effect.

Paul is a portfolio manager at Old Mutual Global Investors. He has over 20 years of investment experience, including 10 years at Exeter Investment Group, six years at New Star Asset Management as a director of the asset management subsidiary, and six years as a director within the multi-manager investment team at Henderson Global Investors. Over the past 18 years, Paul's focus has been on multi-manager products with an emphasis on closed-ended funds.

Paul is currently a non-executive director of The Diverse Income Trust plc, Ground Rents Income Fund plc and Hadrian's Wall Secured Investments Limited, and is an associate of the UK Society for Investment Professionals. Old Mutual Global Investors has an interest in the Company through funds managed by Paul.

Rupert Barclay, non-executive Chairman of Impact Healthcare REIT plc, commented:

"I am delighted to welcome Paul to the Board as a non-executive director. Paul's significant investment experience, particularly with closed-end funds and his broader business knowledge will be invaluable to the Company and we look forward to working with him."

In accordance with the Listing Rules, there is no further information required to be disclosed pursuant to LR9.6.13R.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 Impact Health Partners   via Newgate Communications 
  LLP 
  Mahesh Patel 
  Andrew Cowley 
 
 Winterflood Securities   Tel: [phone] 
  Limited 
  Joe Winkley 
  Neil Langford 
 
 Newgate Communications   Tel: [phone] 
  (PR Adviser)             Email: [e-mail] 
  James Benjamin 
  Lydia Thompson 
 

NOTES:

The Company is a real estate investment trust ("REIT") which aims to provide shareholders with an attractive return, principally in the form of quarterly income distributions and with the potential for capital and income growth, through exposure to a diversified portfolio of healthcare real estate opportunities. The Company's investment policy is to acquire, own, lease, renovate, extend and redevelop high quality healthcare real estate assets in the UK and lease those assets primarily to healthcare operators providing residential healthcare services under full repairing and insuring leases.

The Company and its Investment Adviser believe that residential healthcare is a significant investment opportunity in the UK, owing to both increasing demand for various forms of care from a growing and ageing population and the current reduction in the supply of suitable assets for providing that care. A well-capitalised landlord like the Company, with an experienced investment adviser, should be well positioned to deliver attractive returns to investors, while also providing stability and a commitment to enhance homes wherever possible to their residents.

Further information on Impact Healthcare REIT is available at www.impactreit.uk, however, neither the content of the Company's website, nor the content of any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 30, 2017 02:00 ET (06:00 GMT)