(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP JSE share code: STP
("Stenprop" or the "Company")
CHANGE TO THE BOARD OF DIRECTORS
10 June 2020
Shareholders are advised that, as part of a process to increase the proportion of independent directors on the board, Warren Lawlor has confirmed that he will not stand for re-election at the Company's upcoming annual general meeting to be held on or about 16 September 2020 and that he will step down from his position as a director of the Company with effect from that date.
We wish to thank Warren for his outstanding contribution to the Board since he was appointed in April 2017.
A structured process to identify and attract an independent non-executive director with the appropriate expertise and background to replace Warren will commence in the near future.
For further information:
Stenprop Limited 44(0)20 3918 6600
Paul Arenson (firstname.lastname@example.org)
Julian Carey (email@example.com)
James Beaumont (firstname.lastname@example.org)
Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000
Tavistock (PR Adviser) 44(0)20 7920 3150
Java Capital Trustees and Sponsors Proprietary Limited 27 (0)11 722 3050
Stenprop is a Guernsey-registered UK REIT. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to www.stenprop.com.