Glenveagh Properties PLC Non-Executive Director Retirement (0069X)
April 25 2019 - 2:30AM
UK Regulatory
TIDMGLV
RNS Number : 0069X
Glenveagh Properties PLC
25 April 2019
25 April 2019
Non-executive Director Retirement
Glenveagh Properties PLC ("Glenveagh" or the "Group") a leading
Irish homebuilder listed on Euronext Dublin and the London Stock
Exchange today announces that Caleb Kramer, Non-Executive Director,
has informed the Board of his intention to step down from the Board
effective 7 June 2019 and will not be seeking re-election at the
Company's AGM in June.
Mr. Kramer was appointed to the Board at IPO as a director
pursuant to the Relationship Agreement between the Company and
Oaktree Capital Management ("OCM").
The Remuneration and Nomination Committee has commenced a
process, through the appointment of external consultants, to
identify and select appropriate candidates with the intention of
appointing at least one new independent Non-Executive Director
during 2019.
Glenveagh Chairman, John Mulcahy, commented: "The Board wishes
to thank Caleb for his dedication, contribution and help to the
Company and the Board during his tenure."
Note to Editors
Glenveagh Properties PLC is a leading Irish homebuilder listed
on Euronext Dublin and the London Stock Exchange. With a focus on
strategically located developments in the Greater Dublin Area,
Cork, Limerick and Galway, the Group comprises two complementary
divisions, Glenveagh Homes and Glenveagh Living.
Glenveagh Homes delivers high quality starter homes to its
private and institutional customers with selective developments of
mid-size and executive houses and apartments in areas of high
demand.
Glenveagh Living delivers houses and apartments for the public
sector and institutional investors. Its Partnerships business
focusses on mixed-tenure and joint venture opportunities with the
public sector in Ireland, while its PRS business delivers
large-scale private rental product for institutional investors.
www.glenveagh.ie
ENDS
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END
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