Alternative Income REIT PLC Board and Committee membership update (1417X)
April 30 2021 - 01:00AM
UK Regulatory
TIDMAIRE
RNS Number : 1417X
Alternative Income REIT PLC
30 April 2021
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IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN THE UNITED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.
30 April 2021
Alternative Income REIT plc
(the "Company" or the "Group")
BOARD AND COMMITTEE MEMBERSHIP UPDATE
The Board of Directors of Alternative Income REIT plc (ticker:
AIRE), the owner of a diversified portfolio of UK commercial
property assets predominantly let on long leases, is pleased to
provide an update on the Company's Committee membership, as
follows:
-- As previously announced on 4 March 2021, Alan Sippetts will
succeed Steve Smith as Non-Executive Chairman of the Board from 1
May 2021.
-- Adam C Smith has been appointed as a member of the Audit
Committee with effect from 1 May 2021. Jim Prower will remain as
the Chairman of the Audit Committee, and Alan Sippetts will remain
as a member of the Committee.
-- With effect from 1 May 2021, the Management Engagement and
Remuneration Committee will be reorganised as the Management
Engagement Committee, with decisions related to the Directors'
remuneration to be taken by the Board as a whole.
-- Adam C Smith will replace Alan Sippetts as Chairman of the
reorganised Management Engagement Committee with effect from 1 May
2021, and Jim Prower and Alan Sippetts will also remain as members
of the Committee.
ENQUIRIES
Alternative Income REIT PLC via Maitland/AMO below
M7 Real Estate Ltd
Richard Croft +44 (0)20 3657 5500
Panmure Gordon (UK) Limited +44 (0)20 7886 2500
Alex Collins
Tom Scrivens
Chloe Ponsonby
Maitland/AMO (Communications Adviser) +44(0) 7747 113 930
James Benjamin james.benjamin@maitland.co.uk
The Company's LEI is 213800MPBIJS12Q88F71.
Further information on Alternative Income REIT plc is available
at www.alternativeincomereit.com (1)
NOTES
Alternative Income REIT PLC aims to generate a sustainable,
secure and attractive income return for shareholders from a
diversified portfolio of UK property investments, predominately in
alternative and specialist sectors. The majority of the assets in
the Group's portfolio are let on long leases which contain
inflation linked rent review provisions.
The Company's investment adviser is M7 Real Estate Limited
("M7"). M7 is a leading specialist in the pan-European, regional,
multi-tenanted real estate market. Majority owned by its senior
managers, it has over 200 employees in 14 countries across Europe.
The team manages over 835 properties with a value of circa EUR5.1
billion.
1 Neither the content of the Company's website, nor the content
on any website accessible from hyperlinks on its website or any
other website, is incorporated into, or forms part of, this
announcement nor, unless previously published on a Regulatory
Information Service, should any such content be relied upon in
reaching a decision as to whether or not to acquire, continue to
hold, or dispose of, securities in the Company.
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END
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