Real Estate Credit Inv. PCC Ltd Market Announcement - Chairman rotation (9172P)
12 Junio 2015 - 1:00AM
UK Regulatory
TIDMRECI TIDMRECP TIDMTTM
RNS Number : 9172P
Real Estate Credit Inv. PCC Ltd
12 June 2015
12 June 2015
Real Estate Credit Investments PCC Limited (the "Company")
Chairman Change
Following the Company's announcement on 1 June 2015, regarding
Bob Cowdell's appointment to the Board of Directors, the Company
confirms that with effect from today, he will take over as
independent Non-Executive Chairman from Tom Chandos who has stepped
down from the Board.
Tom Chandos said "Bob's profound understanding of capital
markets, corporate governance and investment companies will be of
great benefit to the Company in providing public market investors
with a vehicle through which to participate in the real estate debt
markets. I am delighted by his appointment and wish him and the
Company the greatest possible success."
Bob Cowdell, Chairman, said "I am pleased to be succeeding Tom
as Chairman and believe that the Company is well positioned to
utilise its Manager's expertise to take advantage of opportunities
in the real estate loan and bond markets to deliver attractive
returns for our shareholders. I should like to join with my fellow
Directors in expressing thanks to Tom for his leadership and
commitment to the Company during the decade since its launch and
for successfully steering it through the market challenges of the
late 2000s to the positive position and outlook it enjoys
today."
No further disclosures are required regarding Bob Cowdell's
appointment in respect of paragraphs 9.6.13R (1) - (6) of the
Financial Conduct Authority's Listing Rules.
For further information, please contact:
Public Relations: Henrietta Dehn +44 (0)20 3540 6455
Investor Relations: Nicole Von Westenholz +44 (0)20 7968 7482
This information is provided by RNS
The company news service from the London Stock Exchange
END
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