3 Dec 2020 07:00
3 December 2020
Countryside Properties plc
Board Update
Countryside Properties plc ("Countryside"), a leading UK mixed-tenure developer, announces today that David Howell, Non-Executive Chairman, has informed the Company of his intention to step down from the Board during 2021.
The Nomination Committee will commence a process to select a new Chairman to succeed him in due course.
Douglas Hurt, Senior Independent Director, said: "On behalf of the Board I would like to thank David for the contribution he has made to Countryside since its IPO in 2016. The track record of growth since that time has led to a Total Shareholder Return of 115%, one of the strongest in the sector."
David Howell, Non-Executive Chairman said: "It has been a privilege to serve as Chairman of Countryside. I wish the Company every success for the future with its strong potential for further profitable growth in the years ahead."
- ENDS -
Enquiries:
Countryside Properties - 01277 260 000
Iain McPherson - Group Chief Executive
Mike Scott - Group Chief Financial Officer
Victoria Prior - Managing Director, Corporate Affairs
Brunswick Group LLP - 020 7404 5959
Nina Coad / Robin Wrench / Oliver Sherwood
Note to editors:
Countryside is a leading UK mixed-tenure developer through its two divisions, Partnerships and Housebuilding.
Countryside's Partnerships division was established over 40 years ago, specialising in estate regeneration, with operations in London, the South East, the North West, the Midlands and Yorkshire. It works mainly on public sector owned and brownfield land, in partnership with local authorities and housing associations to develop private, affordable and PRS homes. It recently established a modular panel manufacturing facility in Warrington to improve quality and reduce build times on site. Its developments include large scale urban regeneration projects at Beam Park, Rainham, Acton Gardens, Ealing and Rochester Riverside, Medway.
Countryside's Housebuilding division benefits from an industry leading strategic land bank which is focused around outer London and the Home Counties. It builds family homes, with a focus on placemaking and selling to local owner occupiers. Its developments include a number of large-scale projects including Beaulieu Park, Essex, Springhead Park, Ebbsfleet and Tattenhoe Park, Milton Keynes.
For more information see www.countrysideproperties.com or follow @CountrysideProp on Twitter.