Business
Directorate Change
Directorate Change.
About this update from Residential Secure Income Plc
[{"type":"text","content":"\n\n5 December 2023\nResidential Secure Income plc\n Directorate Change\n \nThe Board of Residential Secure Income plc (\"ReSI\" or the \"Company\") (LSE: RESI) hereby announces that John Carleton has notified the Board of his intention to retire as a Director of the Company. It has been agreed that John Carleton's retirement will take effect on 22 February 2024, prior to the Company's forthcoming Annual General Meeting. Accordingly, John Carleton will not stand for re-election.\nJohn Carleton commented \"I have greatly enjoyed being a member of the Board for the past 6 years. A large part of my professional career has been in the provision of affordable housing. ReSI has been ground breaking in enabling Housing Associations to free up their balance sheets in order to invest in building more affordable housing.\"\nThe Chairman of the Board, Rob Whiteman commented \"We would like to thank John for everything he has done for the Company having been a member of the Board since the Company listed in 2017.\"\nThe Board would like to express their appreciation to John Carleton for his hugely valuable contribution to the Company during his tenure as Director. The Board wish him well in his future endeavours.\nIn light of the current economic market, and the impact this has had on the growth of the Company, the Board do not believe that at this time it would be in the best interests of the Company and its members to incur the expense of appointing an additional director.\nOther than as set out above, there are no items requiring disclosure under paragraph 9.6.13 of the UKLA's Listing Rules.\nFor further information, please contact:\n \n\n\n\n\nGresham House Real Estate\nBen Fry\nSandeep Patel\n\n\n \n+44 (0) 20 7382 0900\n \n \n\n\n\n\nPeel Hunt LLP\nLuke Simpson\nHuw Jeremy\n \n\n\n \n+44 (0) 20 7418 8900\n\n\n\n\nKL Communications\nCharles Gorman\nCharlotte Francis\n\n\[email protected]\n+44 (0) 20 3995 6673\n \n\n\n\n\n \n \nAbout ReSI plc\n \nResidential Secure Income plc (\"ReSI plc\" LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns with a focus on two resident sub-sectors in UK residential - independent retirement rentals and shared ownership - underpinned by an ageing demographic and untapped and strong de...