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12 Oct 2022 07:00
To: RNS
Date: 12 October 2022
Company: Target Healthcare REIT plc
LEI: 213800RXPY9WULUSBC04
Subject: Directorate Change
Directorate Change
The Board of Directors of Target Healthcare REIT plc is pleased to announce the appointment of Mr Richard Cotton as an independent non-executive Director of the Company with effect from 1 November 2022. It is anticipated that Mr Cotton will be appointed to the role of Senior Independent Director, following the retirement of Mr Coull at the conclusion of the forthcoming AGM.
Mr Cotton has over 40 years of experience in the property sector and headed the real estate corporate finance team at JP Morgan Cazenove until April 2009. Subsequently he was a Managing Director of Forum Partners and Chairman of Centurion Properties. He has wide corporate experience as a former non-executive director of Hansteen plc and including advisory roles with Lloyds Bank and Transport for London.
Mr Cotton is currently the Chairman of Helical plc and a consultant to Big Yellow Group plc, where he served as a non-executive director from 2012 until 2022.
There is no further information required to be disclosed pursuant to paragraph 9.6.13 R of the Listing Rules in relation to this appointment.
The Board of Directors is also pleased to announce that it is expected that Mr Michael Brodtman will be appointed as an independent non-executive Director of the Company early in the new year.
Mr Brodtman has extensive knowledge of the property sector. He worked for global property advisers CBRE for over 40 years, retiring as chairman of the UK Advisory division in June 2022. He led the firm's Valuation department for over 20 years, and served on its Executive Board and Operating Committee, respectively responsible for strategic direction and day-to-day management.
He is a Fellow of the Royal Institution of Chartered Surveyors and has been extensively involved with the RICS throughout his professional career. He was formerly a member of the Policy Committee of the British Property Federation, the RICS Global Valuation Professional Board and the Bank of England Commercial Property Forum.
Mr Brodtman has further Board experience as a former nonexecutive director of Investment Property Databank and housing association Places for People. He is keenly interested in the healthcare sector, with relevant experience from his role as a Trustee of Jewish Care, which provides health and social care services for London's Jewish Community, including ten care homes with some 500 residents.
All Enquiries:
Kenneth MacKenzie, Gordon Bland
Target Fund Managers Limited
01786 845 912
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