TIDMSIPP

RNS Number : 6273Q

Specialist Investment PropertiesPLC

01 December 2016

1 December 2016

Specialist Investment Properties plc

(the "Company" or "SIPP")

Appointment of Director

The Company is pleased to announce the appointment of a new director, Simon Clements, who joins the board as an independent non-executive director with immediate effect.

Simon Clements graduated from Hull University with a degree in accounting in 1994 and qualified as a Chartered Accountant with Horwath Clark Whitehill in 1998, where he worked in the corporate finance department from 1998 to 2000. He has over 16 years' of investment banking experience with Allenby Capital Limited ("Allenby Capital") and Sanlam Securities UK Limited ("Sanlam") (formerly John East & Partners Limited and Merchant Securities plc). During his time at Allenby Capital and Sanlam, he was the Qualified Executive with primary responsibility for SIPP. On 30 June 2016, he left Allenby Capital to take up the role of Group Finance Director at Squibb Group Limited.

John Le Poidevin, director of SIPP, commented: "We are delighted to welcome Simon to the Board. His extensive knowledge of the Company and the AIM market will be of great assistance to the Board"

Mr Simon Robert Clements, aged 43, has no current directorships, but has been a director or partner of the following entities within the past five years:

 
 GT Independent Financial 
  Advisers Limited 
  John East & Partners 
  Limited 
  Merchant Securities Group 
  plc 
  Merchant Securities Holdings 
  Limited 
  Merchant Securities (Nominees) 
  Limited 
  MSGL Limited 
  Sanlam Private Investment 
  Holdings UK Limited 
  Sanlam Securities UK 
  Limited

There is no further information required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

For further information:

Specialist Investment Properties plc

John Le Poidevin / Lynn Bruce

+44 (0) 1481 724222

Puma Investment Management Limited (Investment Adviser to the Company)

David Kaye

+44 (0) 20 7408 4050

Allenby Capital Limited (Nomad and Broker to the Company)

David Worlidge / James Thomas / Liz Kirchner

+44 (0) 20 3328 5656

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 01, 2016 02:01 ET (07:01 GMT)

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