TIDMSGM
RNS Number : 1355I
Sigma Capital Group PLC
31 March 2020
31 March 2020
AIM: SGM
SIGMA CAPITAL GROUP PLC
("Sigma" or "Group")
The private rented sector ("PRS") and urban regeneration
specialist
Board Changes
Appointment of Group Chief Financial Officer
Sigma, the private rented sector, residential development and
urban regeneration specialist, is pleased to announce the
appointment of Michael ("Mike") McGill to the Board as Group Chief
Financial Officer. His appointment takes immediate effect. As well
as taking executive responsibility for the overall financial
management of the Group and its subsidiaries, Mike will be
specifically responsible for financial matters relating to The PRS
REIT plc ("REIT"), including leading a dedicated finance team that
has been established to support the REIT's ongoing growth. Malcolm
Briselden, Finance Director of Sigma, remains in operational charge
of Sigma's finance team, working closely with Mike although he
steps down from the Board today. Malcolm is focusing on Sigma's
activities outside the REIT, including London.
Mike, aged 52 years, has over 20 years of experience in senior
financial roles at listed and private companies. He has worked
across a range of sectors, including residential property, and has
specific expertise in supporting and implementing growth
strategies. He was previously Group CFO at Baxters Food Group
Limited, the international food processing company, CFO at Lomond
Capital, the residential asset management company specialising in
the UK private rental sector, and Group Finance Director at Murray
International Holdings Limited, the property and metals group.
Mike qualified as a chartered accountant with Coopers &
Lybrand in 1991.
Graham Barnet, CEO of Sigma, commented:
"I am very pleased to welcome Mike to the Board as Group Chief
Financial Officer. He brings significant additional experience to
Sigma that will be invaluable as the Company continues to develop.
Mike will have financial oversight of all of our activities, with a
particular focus on our delivery for the PRS REIT. Mike has been
working with us previously and is therefore well known to the
team."
In accordance with Schedule 2(g) of the AIM Rules, Michael Scott
McGill (aged 52 years) holds or has held in the past five years the
following directorships and partnerships:
Current directorships/partnerships Past directorships/partnerships
MMH ATS2 Limited Lomond Capital Partnership LLP
Appointed 05/03/10 01/09/14 - 30/09/15
Murray Pipework Limited Lomond Capital Limited
Appointed 05/03/10 01/09/14 - 30/09/15
MMH NSS Limited Baxters Food Group Limited
Appointed 05/03/10 28/09/16 - 19/04/19
Murray Group Holdings Limited W.A. Baxter & Sons (Holdings)
Appointed 05/03/10 Limited
28/09/16 - 19/04/19
Murray International Holdings
Limited
01/05/05 - 22/03/18
Murray Group Management Limited
10/01/07 - 07/12/17
The Premier Property Group Limited
26/03/09 - 10/04/19
Charlotte Ventures (Cunning
Park) Limited
26/03/14 - 03/11/16
Premier Burrell Limited
10/05/10 - 29/06/16
Tipton & Mill Steels Limited
05/03/10 - 11/08/15
Murray Outsourcing Limited
19/03/10 - 29/06/16
G M Mining Limited
05/03/10 - 29/06/16
PPG Land Limited
05/03/10 - 29/06/16
Murray Property Holdings Limited
05/03/10 - 17/04/18
-----------------------------------------
Mike has also been a director or partner of the following
companies at the time of, or in the 12 months preceding, such
company entering administration or liquidation proceedings:
MMH NSS Limited - Liquidated January 2015, restored on 27
November 2019.
Murray Group Holdings Limited - Liquidated January 2015,
finalising paperwork for dissolution
Murray International Holdings Limited - Liquidated January 2015,
subsequently dissolved 29 June 2015
Murray Outsourcing Limited - Liquidated January 2015,
subsequently dissolved 29 June 2016
Charlotte Ventures (Cunning Park) Limited - Liquidated January
2015, subsequently dissolved 03 March 2016
The Premier Property Group Limited- Liquidated January 2015,
subsequently dissolved 10 April 2019
PPG Land Limited- Liquidated January 2015, subsequently
dissolved 29 June 2016
Murray Group Management Limited - Liquidated January 2015,
subsequently dissolved 07 December 2017
Premier Burrell Limited - Liquidated January 2015, subsequently
dissolved 29 June 2016
The above entities all formed part of the Murray International
Holdings Limited group of companies.
Mike McGill was appointed interim Chief Financial Officer of
Goals Soccer Centres plc, on 18 June 2019, following the
identification of material VAT underpayments and accounting
irregularities. On 31 October 2019, Goals Soccer Centres plc was
sold as part of a pre-pack administration process necessitated by
these various financial issues.
Save as set out in this announcement there are no further
matters to be disclosed under Rule 17 or paragraph (g) of Schedule
2 of the AIM Rules for Companies.
Enquiries:
Sigma Capital Group Graham Barnet, Chief Executive T: 020 3178 6378
plc (today)
T: 0333 999 9926
KTZ Communications Katie Tzouliadis, Dan Mahoney T: 020 3178 6378
N+1 Singer James Maxwell, James Moat, T: 020 7496 3000
(NOMAD and Broker) Ben Farrow
NOTES TO EDITORS
About Sigma Capital Group plc
( www.sigmacapital.co.uk )
Sigma Capital Group plc ("Sigma") is a private rented sector,
residential development, and urban regeneration specialist, with
offices in Edinburgh, Manchester and London. Sigma's principal
focus is on the delivery of large scale housing schemes for the
private rented sector. It has a well-established track record in
assisting with property-related regeneration projects in the public
sector, acting as a bridge between the public and private sectors.
Its subsidiary, Sigma PRS Management Limited, is Investment Adviser
to The PRS REIT plc. In April 2019, Sigma launched the Sigma
Scottish PRS Fund, the first dedicated vehicle to focus on the
creation of new rental homes for families in the private rented
sector in Scotland, and in October 2019 Sigma announced the
expansion of its build-to-rent activities in London.
About Sigma PRS Management Ltd
Sigma PRS Management Limited is a wholly-owned subsidiary of
AIM-quoted Sigma Capital Group plc and is Investment Adviser to The
PRS REIT plc. It sources investments and operationally manages the
assets of The PRS REIT plc and advises the Alternative Investment
Fund Manager ("AIFM") and The PRS REIT plc on a day-to-day basis in
accordance with The PRS REIT plc's Investment Policy. The
Investment Manager is G10 Capital Limited. Sigma PRS Management Ltd
is an appointed representative of G10 Capital Limited, which is
authorised and regulated by the Financial Conduct Authority
(FRN:648953)
About The PRS REIT plc
(www.theprsreit.com)
The PRS REIT is a closed-ended real estate investment trust
established to invest in the Private Rented Sector and to provide
shareholders with an attractive level of income together with the
potential for capital and income growth. It has raised a total of
GBP500m (gross) through its Initial Public Offering, on 31 May
2017, and a subsequent placing in February 2018. Both fundraisings
were supported by the UK Government's Homes England with direct
investments.
LEI: 21380037Q91HU97WZX58
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END
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