Lsl Prop Regulatory News (LSL)

1 May 2024

LSL Property Services plc ("LSL" or "the Company")

Appointment of Adrian Collins as Chairman

LSL Property Services plc announces the appointment of Adrian Collins as Non-Executive Chair to the Board with immediate effect. Adrian will also Chair the Nominations Committee and join the Remuneration Committee. 

Adrian is a highly experienced Board Chair and Executive Director of listed companies with a deep understanding of the public markets, who has co-founded and led a number of highly successful financial services businesses.

Adrian's executive career was spent in fund management including 25 years at Gartmore, contributing to building one of the UK's leading Institutional & Retail Fund management businesses. In 1995, he was one of the founders of Trustnet. Adrian has also held senior roles at Jupiter, Bestinvest and Lazard Investors.

Between 2009 and 2019 Adrian served first as Executive and then Non-Executive Chair of Liontrust Asset Management, where during his tenure the company was transformed growing assets under management tenfold. In the last 5 years, Adrian has held a number of Board positions, and is currently Board Chair of Logistics Development Group plc (formerly Eddie Stobart Logistics plc) and a Non-Executive Director of Hargreaves Lansdowne plc.  Adrian was also the chair of Bahamas Petroleum Company plc (2011 to 2021).

In relation to Adrian's appointments, the Board has determined that he is independent (according to the provisions of the UK Corporate Governance Code (2018 version)).

Adrian will stand for election at LSL's AGM which will take place at 10am on 20 June 2024 at a location in London to be confirmed. Further details of the AGM will be announced in due course.

Darrell Evans, who is currently the interim Chair of the Board and Nominations Committee, will step down from these roles and resume his role on the Board as an independent Non-Executive Director with responsibilities for Workforce Engagement and Chair of the Remuneration Committee. He will also rejoin the Audit & Risk Committee.

Since 5 March 2024, Gaby Appleton has held the roles of Workforce Engagement Non-Executive Director and Chair of the Remuneration Committee, with these roles reverting back to Darrell, Gaby will continue as an independent Non-Executive Director and as a member of the Audit & Risk, Remunerations and Nominations Committee.

David Stewart, Group CEO, commented:

"I'm delighted that Adrian is joining the Board as Non-Executive Chair. Adrian is hugely experienced, with a track record of growing businesses and creating value. The Board has had some fantastic conversations with Adrian, and we are excited to work with him."

Adrian Collins, Chair, commented:

"I'm very pleased to take on the role of Chair of LSL. I have been struck by the enthusiasm and commitment of the whole Board, and I look forward to helping them drive the business forward to create value for our shareholders."

No further information is required to be disclosed pursuant to paragraph 9.6.13 of the Listing Rules of the Financial Conduct Authority.

For further information, please contact:

Notes on LSL

LSL is one of the largest providers of services to mortgage intermediaries and estate agent franchisees.

Its c.2,900 advisers represent around 11% of the total purchase and remortgage market. PRIMIS was named Best Network, 300+ appointed representatives at the 2022 Mortgage Strategy Awards.

Its 61 estate agency franchisees operate in 308 territories.

LSL is also one of the UK's largest providers of surveying and valuation services, supplying seven out of the eight largest lenders in the UK. e.surv was named Best Surveying Firm at the 2022 Mortgage Finance Gazette Awards.

For further information please visit LSL's website: lslps.co.uk