Impact Healthcare REIT PLC Statement re Appointment of Non-Executive Director (6355J)
June 30 2017 - 2:00AM
UK Regulatory
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: 020 3100 0000
Limited
Joe Winkley
Neil Langford
Newgate Communications Tel: 020 7680 6550
(PR Adviser) Email: impact@newgatecomms.com
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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