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Share Name Share Symbol Market Type Share ISIN Share Description
Sutton Harbour Group Plc LSE:SUH London Ordinary Share GB0008659202 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 16.50 14.00 19.00 16.50 16.50 16.50 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 6.9 1.5 1.7 9.8 19

Sutton Harbour Group PLC Director Appointment

28/10/2019 7:00am

UK Regulatory (RNS & others)


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TIDMSUH

RNS Number : 2141R

Sutton Harbour Group PLC

28 October 2019

28 October 2019

Sutton Harbour Group plc

("Sutton Harbour Group", "The Company")

Director Appointment

The board announces that it has appointed Corey Benjamin Beinhaker, age 50, as an Executive Director in the role of Chief Operating Officer with immediate effect. The appointment concludes the search undertaken during the past year which was led by other board members, Graham Miller and Sean Swales, and supported with an external recruitment consultant, to add another Executive Director and return the board to a total of five Directors.

Corey Beinhaker has been working closely with the Company since January 2018 when FB Investors LLP acquired a 72.65% holding in the Company's share capital, initially through Beinhaker Design Services Limited (a Company of which he is a Director) and latterly as an employee of Sutton Harbour Group. Section 9, paragraph 2 of the Recommended Partial Cash Offer (dated 7 December 2017) stated that Corey Beinhaker would make available property development expertise to Sutton Harbour Group avoiding the need to contract out this element of work to third parties and to allow Sutton Harbour Group to secure a greater share of potentials profits for the benefit of Sutton Harbour Group shareholders.

Prior to his involvement with Sutton Harbour Group. Corey Beinhaker worked for IBIB Group Consultants (Israel) Limited from 2010 to 2017 latterly as its chief executive officer where he, amongst other things, was contract manager for a number of significant projects including the Tel Aviv Red 10 Line Underground Station design and the design and technical specification for the traffic management for the inter-urban network in Israel.

Corey Beinhaker will be the second director appointed by FB Investors LLP in accordance with the Relationship Agreement entered into on 23 November 2017 with Sutton Harbour Group. The principal purpose of the Relationship Agreement is to provide that the relationship between FB Investors and Sutton Harbour Group is conducted independently and on an arm's length basis. Philip Beinhaker, Executive Chairman, is the other Director appointed by FB Investors LLP.

Corey Beinhaker has no personal holding of shares in Sutton Harbour Group plc.

Corey Beinhaker is a Director of Beinhaker Design Services Limited and Future Habitat Limited, both companies registered in England and Wales and three companies registered in Israel:

Beinhaker Group Planning and Development Limited, B.Z. Binyamina Limited and Tsuin Derech Limited.

Enquiries

 
 Sutton Harbour Group plc            +44 (0) 1752 204186   Philip Beinhaker, Executive Chairman 
                                                            Natasha Gadsdon, Finance Director 
 Arden Partners (NOMAD and Broker)   +44 (0)20 7614 5917   Paul Shackleton, Ben Cryer 
 

Notes to Editors

Sutton Harbour Group plc (SUH) is an AIM listed company specialising in marine operations, waterfront regeneration and destination creation in Plymouth and South West England.

The Company operates Sutton Harbour Marina, King Point Marina and Plymouth Fisheries. Operational activities include mixed-use lettings, car parking and support services to harbour users, property management and regeneration and asset enhancement.

Sutton Harbour Group plc is committed to being the leading marine and waterfront regeneration specialist in Southern England, and to positioning Sutton Harbour in Plymouth as a destination of national interest.

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

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October 28, 2019 03:00 ET (07:00 GMT)

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