Non-Executive Director Retirement

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

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