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Board changes

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RNS Number : 8129I
Belvoir Lettings PLC
26 March 2018
 

For Immediate release

26 March 2018

 

 

BELVOIR LETTINGS PLC

(the "Group" or "Belvoir") 

 

Board changes

 

Belvoir Lettings PLC (AIM: BLV), the UK's largest property franchise, announces that, after over five years of service to the Belvoir board, Nicholas Leeming is stepping down as a non-executive director of the Company with effect from 10 April 2018 and Michael Stoop is joining the Board as non-executive director with immediate effect.  

 

After starting his Estate Agency career with M Winkworth plc, Michael joined the Legal & General Group in 1992, where he was instrumental in setting up Legal & General Franchising Ltd, successfully converting its corporate estate agency business into a wholly franchised network before being sold to The Property Franchise Group plc ("TPFG", formerly Martin & Co plc) in 2014. On completion of the transaction, Michael became Group Managing Director of TPFG, with his association with the Company ending in July 2017. Michael has been a member of The Property Ombudsman Ltd since 2001, becoming its Vice Chairman in December 2015. He was appointed a Non-Executive Director of Sorbet HQ Limited in February 2018.

 

Following Nick's retirement, Michael Stoop will take over the role of Chairman of the Remuneration Committee and become a member of the Audit Committee.

 

Michael Goddard, Chairman, commented:

 

"On behalf of the Board, I would like to thank Nick for his considerable contribution since the Group floated on AIM.

 

I am delighted to welcome Michael to the Company and am sure his deep understanding of franchising as well as the property sector will be a great asset to the Group. The Board very much looks forward to working with him."

 

Michael Ian Stoop, aged 62, holds or has held the following directorships or partnerships in the past five years:

 

Current Directorships or Partnerships

Previous Directorships or Partnerships

Agents Giving

Adam Kennedy Estate Agents Limited

Michael Stoop Property Services Ltd

City & Urban Developments Limited

Sorbet HQ Limited

Legal & General Franchising Limited

The Property Ombudsman Limited

William Parker and Son (Reading) Limited


Whitegates Estate Agency Limited


Xperience Franchising Limited

 

Save as set out at in this announcement there are no further matters to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

 

For further details:

 

Belvoir Lettings PLC

Mike Goddard, Chairman

Dorian Gonsalves, Chief Executive Officer

Louise George, Chief Financial Officer

01476 584900

[email protected]

 

Cantor Fitzgerald Europe

Rick Thompson, Philip Davies, Will Goode

Corporate Finance

 

0207 894 7000



 

Buchanan

Charles Ryland, Madeleine Seacombe, Tilly Abraham

 

 

0207 466 5000

[email protected]

 

 

Note to Editors:

 

About Belvoir Lettings PLC

 

Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise group with 300 offices across three brands offering a range of specialist services in property rental, property management, residential lettings, buy to let and property sales. With its Central Office in Grantham, Lincolnshire, the Group manages over 58,000 properties and reported revenue of £9.9m in 2016 making Belvoir the largest property franchise group in the UK.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Price: 139

Market: AIM
Market Cap: £48.56 m
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