Intu Properties PLC Intu: NED Changes (3997Q)
February 18 2019 - 9:36AM
UK Regulatory
TIDMINTU
RNS Number : 3997Q
Intu Properties PLC
18 February 2019
INTU PROPERTIES PLC
LEI: 213800JSNTERD5CJZO95
18 February 2019
intu properties plc ("intu" or the "Company")
Intu: NED changes
intu announces that Louise Patten, independent non-executive
director, has retired from the Board with effect from today's date.
Ian Burke has taken over as Chairman of intu's Remuneration
Committee.
Richard Gordon, non-independent non-executive director, informed
the Board today that he would not be seeking re-election at intu's
AGM on 3 May 2019. However, at the request of the Board, Richard
has agreed to stand down with effect from today's date in order to
allow intu to preserve the balance of independent and
non-independent directors on the Board, as required by the UK
Corporate Governance Code.
Following the above changes, the Board will comprise a total of
7 directors. Excluding the Chairman, 3 directors are independent
and 3 directors (including the 2 executive directors) are
non-independent.
John Strachan, Chairman of intu, said "on behalf of the Board, I
would like to thank both Richard and Louise for their contribution
to the Board's deliberations over the past several years. Richard's
association with intu goes back to 1996 and he has been a valued,
dedicated and supportive non-executive director. Louise has served
for almost 8 years as a non-executive director and Remuneration
Committee chairman. I wish both Richard and Louise our best wishes
for the future".
ENDS
Enquiries:
intu properties plc
Susan Marsden Group Company Secretary +44 (0) 207 887 7000
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END
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