RGLZ Reg Reit Zdp

TIDMRGLZ

RNS Number : 3819K

Regional REIT ZDP PLC

07 July 2017

7 July 2017

Regional REIT ZDP PLC

Board Change

Regional REIT ZDP PLC (LSE: RGLZ) ("Regional REIT ZDP" or "the Company"), today announces that Mr Martin McKay is to step down as a Director with immediate effect.

Martin McKay has been a Non-Executive Director of the Company since its acquisition in March 2017.

The Board has appointed Mr Tim Bee as a Non-Executive Director of Regional REIT ZDP with immediate effect. Tim Bee has also been appointed a Director of Regional REIT Limited.There are no further matters to be disclosed under Listing Rule 9.6.13.

- ENDS -

Biography for Tim Bee

Mr Tim Bee is the Chief Legal Counsel of Toscafund Asset Management LLP ("Toscafund"). Tim joined Toscafund in May 2014 having previously been a corporate partner at two leading London-based law firms. He qualified as a solicitor in 1988 and has extensive experience in mergers & acquisitions, equity capital markets and financial services.

Enquiries:

 
Regional REIT ZDP PLC 
Press enquiries through Headland PR 
 
Toscafund Asset Management LLP                              Tel: +44 (0) 20 7845 6100 
Investment Manager to Regional REIT Limited 
James S Johnson, Investor Relations, Regional REIT Limited 
 
London & Scottish Investments Limited                       Tel: +44 (0) 141 248 4155 
Asset Manager to Regional REIT Limited 
Stephen Inglis 
 
Headland PR Consultancy LLP                                 Tel: +44 (0) 20 7367 5222 
Financial PR 
Francesca Tuckett 
 

About Regional REIT ZDP

Regional REIT ZDP PLC (LSE: RGLZ) is a wholly-owned subsidiary of Regional Commercial Midco Limited, itself a wholly-owned subsidiary of Regional REIT Limited. Regional REIT ZDP was acquired on 24 March 2017 as part of a transaction for a portfolio of commercial property assets. Regional Commercial Midco has assumed the obligations to fund the repayment of the zero dividend preference shares issued by Regional REIT ZDP.

Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway.

Regional REIT Limited is managed by London & Scottish Investments, the Asset Manager, and Toscafund Asset Management, the Investment Manager, and was formed by the combination of two existing funds previously created by the Managers as a differentiated play on the expected recovery in UK regional property, to deliver an attractive total return to Shareholders and with a strong focus on income.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

July 07, 2017 02:01 ET (06:01 GMT)

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