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RNS Number : 2990S

Vistry Group PLC

15 November 2021

15 November 2021

Vistry Group PLC ("the Company")

Appointment of new Chairman

Vistry Group PLC ("the Company" or "Vistry") announces that Ian Tyler will step down as Chairman of the Company at the Group's Annual General Meeting on 18 May 2022 after 8 and a half years in the role and will not seek re-election as a Director. The Board is pleased to announce that Ralph Findlay will succeed Ian and will be appointed as Chairman of the Company with effect from the conclusion of the Annual General Meeting.

Ralph Findlay has served as Non-Executive Director of the Company since April 2015 and is currently the Chair of the Audit Committee and Senior Independent Director. Ralph has longstanding experience of FTSE businesses, having been the Chief Executive Officer of Marston's PLC since 2001 until his retirement in October 2021. He will also join the board of C&C Group plc, the Dublin based vertically integrated premium drinks company, in March 2022 and take up the role of Chairman in July 2022. His appointment as Chairman of Vistry follows a thorough and comprehensive succession planning process and will enable an effective transition of the leadership of the Board.

In line with UK Corporate Governance Code recommendations, from 18 May 2022 Ralph will step down as Chair of the Audit Committee and retire as a member of the Audit Committee and Remuneration Committee. The Board shall now commence a recruitment process to appoint a new Non-Executive Director and Chair of the Audit Committee, along with appointing a Senior Independent Director in due course.

Ralph Findlay, Chairman Designate, commented:

"On behalf of the Board I would like to thank Ian for his invaluable contribution as non-executive Chairman of the Company since 2013. Alongside Greg and the senior team, Ian has played an instrumental role in helping this business become one of the UK's top housebuilders."

Greg Fitzgerald, Chief Executive Officer, said:

"I would like to add my personal thanks to Ian for his significant support and contribution in turning around Bovis Homes and through the successful acquisition and integration of Linden Homes and Partnerships to create the Vistry Group.

I very much look forward to continuing to work with Ralph in his new role as Chairman of the Board. He will provide important continuity for Vistry as we pursue the Group's growth strategy and continue the great progress towards our medium term targets in both Housebuilding and Partnerships, with a firm focus on maximising the strengths and opportunities from our unique combination ."

This announcement is made in accordance with Listing Rule 9.6.11R(1). There is no further information to be disclosed pursuant to LR 9.6.13R in respect of Ralph Findlay. As at the date of this announcement, Ralph has 2,868 shares in the Company.

Enquiries:

Vistry Group PLC

Earl Sibley, Chief Financial Officer 01675 437160

Powerscourt

   Justin Griffiths, Nick Dibden, Victoria Heslop                                 020 7250 1446 vistry@powerscourt-group.com 

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November 15, 2021 02:00 ET (07:00 GMT)

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