INTU PROPERTIES PLC - Change to the Board

Release Date: 26/07/2018 08:10
Code(s): ITU
 
Wrap Text
Change to the Board

INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code:     GB0006834344
JSE Code:      ITU
intu properties plc (“intu” or the “Company”)

26 JULY 2018

LEI: 213800JSNTERD5CJZO95

Regulated Information Classification: Inside Information

Change to the Board

intu announces that David Fischel, Chief Executive, will be standing down
from the Board and leaving intu once a successor to David has been
appointed.

intu’s Chairman, John Strachan, said:
“David has been with the Group since 1985, and Chief Executive since 2001,
a period which has included transformative events such as the demerger of
Capital & Counties in 2010, the intu Trafford Centre transaction in 2011
and the rebranding as intu in 2013. He has played a major role in intu
becoming the UK’s leading owner, developer and manager of large scale
regional shopping centres with some £10 billion of assets.

Under the proposed Hammerson merger, David was expecting to stand down upon
the transaction completing. That transaction is no longer proceeding, and
the Board is enormously grateful to David for agreeing to remain in post
for a longer period than he had envisaged, giving the Board sufficient time
to search for a suitable successor.

I would like also to extend my personal gratitude for the substantial
contribution David has made to this business over many years.”

intu will provide further detail on timing once a successor has been
identified.

Enquiries:
intu properties plc

John Strachan     Chairman                            +44 (0) 207 960 1201
Amanda Campbell   Communications Director             +44 (0) 207 960 1241
Adrian Croft      Head of Investor Relations          +44 (0) 207 960 1212

Public relations
UK:         Justin Griffiths, Powerscourt             +44 (0) 207 250 1446
SA:         Frédéric Cornet, Instinctif Partners      +27 (0) 114 473 030

JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited

Date: 26/07/2018 08:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story