Moat Homes Limited CEO to retire (4050O)

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RNS Number : 4050O

Moat Homes Limited

07 October 2021

Moat's chief executive to retire

Moat Homes Limited

Moat Homes Finance Plc

GBP300,000,000 5 per cent Secured Bonds due 2041

Dated 7 October 2021

Elizabeth Austerberry, Moat's Chief Executive of nine years, has announced her decision to retire next year. Elizabeth, who joined Moat at the beginning of 2013, will step down from her role next summer.

Moat is a leading regional housing association, managing 20,000 homes across the southeast - Kent, Essex, Sussex and South London, and has a significant development pipeline of 1679 affordable homes to rent or to buy.

Elizabeth commented "I came into housing later in my career, having previously worked principally in property and finance. I feel privileged to work for a housing association and am proud of what we have achieved and continue to achieve together. Moat is well positioned for the future, with a strong financial position, proven resilience, a great team with ambitious plans. It's a great opportunity for a new CEO to take Moat on the next stage of its journey.

Steve White, Moat's chair, said "Elizabeth continues to do a fantastic job leading the organization and we will miss her when she leaves. We will be working with Elizabeth to make sure that we find the right candidate for Moat and to ensure a smooth transition. Moat will be continuing to use its financial strength to continue investing in both new and existing homes as well as services, ensuring that as many people as possible benefit from an affordable home."

Notes

-- Moat owns and manages over 20,000 homes in the UK, spread across South East London, Kent, Essex and Sussex.

-- The organisation is focused on delivering homes to those in housing need with over 90% of its development pipeline comprising affordable homes either to rent or to buy.

For further information please contact:

Greg Taylor

Executive Director - Finance and Corporate Services

[e-mail]

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October 07, 2021 11:00 ET (15:00 GMT)