Business
Directorate Changes
Directorate Changes.
About this update from Alternative Income Reit Plc
[{"type":"text","content":"\n \n \n \n \n \n THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.\n \n \n \n \n \n 10 November 2022\n \n \n Alternative Income REIT plc\n \n \n (the \"Company\" or the \"Group\")\n \n \n DIRECTORATE CHANGES\n \n \n \n \n \n The Board announces that Alan Sippetts will resign as a Director and Chairman of the Company on 30 November 2022. Alan's intention to step down was previously announced in the Company's annual results. \n \n \n \n \n \n The Board is pleased to announce the appointment of Simon Bennett as an Independent non-executive Director and Chair-Designate with immediate effect. This appointment was facilitated by independent recruitment consultants. Simon will be appointed as Chairman on 30 November 2022. \n \n \n \n \n \n Simon will also be appointed as a member of the Audit Committee and the Management Engagement Committee.\n \n \n \n \n \n Simon is a chartered accountant with extensive experience of providing strategic, financial and other advice to growing companies. He has worked for a number of the world's largest banks and has wide-ranging experience of both the international debt and equity markets. He was Head of Corporate Finance and Head of mid and small caps teams at Credit Lyonnais Securities (now Credit Agricole), as well as head of Corporate Broking at Fairfax IS plc and Sanlam Securities.\n \n \n \n \n \n Simon is currently non-executive Chair of Inland Homes Plc, the AIM-listed specialist housebuilder and brownfield site developer. In addition, he is Chair of Drumz plc, the AIM-listed technology investment company, where he is Chair of the Audit Committee and is a Non-executive Director of Kwalee Ltd, the developer and publisher of games for digital distribution, where he is also Chair of the Audit Committee. Simon is the principal partner of Incremental Capital LLP, which he founded in 2004 to provide corporate finance advice to mid and small cap and growing companies.\n \n \n \n \n \n Simon does not own any shares in the Company.\n \n \n \n \n \n No further information is required to be disclosed pursuant to Listing Rule 9.6.13R.\n \n \n &nbs...