5 May 2020 07:00
5 May 2020
AIM: SGM
SIGMA CAPITAL GROUP PLC
("Sigma" or "Group")
The private rented sector ("PRS") and urban regeneration specialist
Board Changes
Appointment of Chairman
Sigma, the private rented sector, residential development and urban regeneration specialist, is pleased to announce the appointment of Ian Sutcliffe as Non-executive Chairman with immediate effect. Ian brings a wealth of board level experience in both house building and other companies. Most recently he was Group Chief Executive of Countryside Properties plc, until his retirement earlier this year, and Senior Independent Director at Ashtead Group plc. He was also previously UK Chief Executive of Taylor Wimpey plc and Chief Operating Officer of SEGRO plc. Current Chairman David Sigsworth will remain on the Sigma board as Senior Independent Non-executive Director.
Graham Barnet, CEO, commented;
"We are delighted that Ian is joining Sigma's board as Chair. He brings wide-ranging experience and a significant track record. Having worked closely with us over the past seven years, he is fully familiar with the Group and with the substantial growth opportunities ahead of us.
"I would like to thank David for his huge contribution to Sigma as Chairman over the last 13 years, and we are very pleased that he is able to remain on the Board."
Ian Sutcliffe, Chairman, commented;
"I am delighted to be joining Sigma at this exciting phase of the Company's growth strategy. I have been a huge supporter of the business and look forward to helping Graham and the team take its growth to the next level in the years to come."
In accordance with Schedule 2(g) of the AIM Rules, Ian Calvert Sutcliffe (aged 60 years) holds or has held in the past five years the following directorships and partnerships:
Current directorships/partnerships | Past directorships/partnerships |
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| Copthorn Limited (05231891) (01/10/13 - 19/04/18)
Copthorn Finance Limited (05230493) (14/09/04 - 19/04/18)
Countryside Properties (Holdings) Limited (05555391) (01/10/13 - 31/12/19)
Copthorn Holdings Limited (05137095) (01/10/13 - 31/12/19)
Countryside Properties (UK) Limited (00614864) (01/10/13 - 31/12/19)
Millgate (UK) Holdings Limited (08860850) (24/01/14 - 31/12/19)
Millgate Developments Limited (02229073) (03/02/14 - 31/12/19)
Countryside Properties plc (09878920) (19/11/15 - 31/12/19)
Lifestory Group Limited (08221003) (25/02/19 - 30/09/19)
Ashtead Group Public Limited Company (01807982) (07/09/10 - 02/01/19)
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Other disclosures (administrations/insolvencies etc) |
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Enquiries:
Sigma Capital Group plc |
| Graham Barnet, Chief Executive |
| T: 020 3178 6378 (today) |
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| Mike McGill, Group Chief Financial Officer |
| T: 0333 999 9926 |
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KTZ Communications |
| Katie Tzouliadis, Dan Mahoney |
| T: 020 3178 6378 |
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N+1 Singer(NOMAD and Broker) |
| James Maxwell, James Moat, Ben Farrow |
| T: 020 7496 3000 |
NOTES TO EDITORS
About Sigma Capital Group plc(www.sigmacapital.co.uk)
Sigma Capital Group plc ("Sigma") is a private rented sector, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. Sigma's principal focus is on the delivery of large scale housing schemes for the private rented sector. It has a well-established track record in assisting with property-related regeneration projects in the public sector, acting as a bridge between the public and private sectors. Its subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc. In April 2019, Sigma launched the Sigma Scottish PRS Fund, the first dedicated vehicle to focus on the creation of new rental homes for families in the private rented sector in Scotland, and in October 2019 Sigma announced the expansion of its build-to-rent activities in London.
About Sigma PRS Management Ltd
Sigma PRS Management Limited is a wholly-owned subsidiary of AIM-quoted Sigma Capital Group plc and is Investment Adviser to The PRS REIT plc. It sources investments and operationally manages the assets of The PRS REIT plc and advises the Alternative Investment Fund Manager ("AIFM") and The PRS REIT plc on a day-to-day basis in accordance with The PRS REIT plc's Investment Policy. The Investment Manager is G10 Capital Limited. Sigma PRS Management Ltd is an appointed representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN:648953)
About The PRS REIT plc(www.theprsreit.com)
The PRS REIT is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth. It has raised a total of £500m (gross) through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018. Both fundraisings were supported by the UK Government's Homes England with direct investments.
LEI: 21380037Q91HU97WZX58