Director Declaration

RNS Number : 9542V

Foresight Sustain. Forestry Co PLC

16 December 2021

 

Foresight Sustainable Forestry Company Plc

Director Declaration

In accordance with Listing Rule 9.6.14, Foresight Sustainable Forestry Company plc (the "Company") announces that Sarika Patel will be appointed as an independent Non-Executive Director and Chair of the Audit and Risk Committee of SDCL Energy Efficiency Income Trust plc with effect from 1 January 2022.

About the Company

Foresight Sustainable Forestry Company Plc ("the Company") is an externally managed investment company investing in a diversified portfolio of UK forestry and afforestation assets. Targeting a net total return of more than CPI +5%, the Company provides investors with the opportunity for real returns and capital appreciation driven by the prevailing global imbalance between supply and demand for timber; the inflation-protection qualities of UK land freeholds; and biological tree growth of 3% to 4% not correlated to financial markets. It also offers outstanding sustainability and ESG attributes and access to carbon units related to carbon sequestration from new afforestation planting. The Company targets value creation as the afforestation projects successfully achieve development milestones in the process of converting open ground into established commercial forest and woodland areas. The Company is seeking to make a direct contribution in the fight against climate change through forestry and afforestation carbon sequestration initiatives and to preserve and proactively enhance natural capital and biodiversity across its portfolio. It is managed by Foresight Group LLP. 

https://fsfc.foresightgroup.eu/  

For further information, please contact:

Foresight Sustainable Forestry Company Plc Robert Guest Richard Kelly [e-mail]	[phone]
Jefferies International Limited Neil Winward Will Soutar	[phone]
Citigate Dewe Rogerson Toby Moore ([e-mail]) Dominic Tonner ([e-mail])	[phone]

This announcement does not constitute, and may not be construed as, an offer to sell or an invitation to purchase investments of any description, or the provision of investment advice by any party. No information set out in this announcement is intended to form the basis of any contract of sale, investment decision or any decision to purchase securities in the Company.

This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "may", "will", "targeting" or "should" or, in each case, their negative or other variations or comparable terminology. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, strategy, plans, proposed acquisitions and objectives, are forward-looking statements.

 

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