UAI.L Regulatory News (UAI)

3 April 2019

U and I Group PLC

Directorate Change

Appointment of Sadie Morgan as Independent Non-Executive Director

U+I (LSE:UAI), the specialist regeneration developer and investor, announces the appointment of Prof. Sadie Morgan as an Independent Non-Executive Director with effect from 3 April 2019. She will serve on the Company's Remuneration and Nomination Committees.

In her role as an Independent Non-Executive Director, Prof. Morgan will have Board oversight of the development of U+I's commitments to community engagement across its PPP projects and includes chairing U+I's independent Community Challenge Panel*.

This role will also take responsibility for overseeing a workforce advisory panel, reporting to the Board on employee engagement and assisting in the establishment of an internal design panel which will review and challenge the Company's commitments to design excellence.

Prof. Morgan has over 20 years' experience in the real estate sector as a Stirling prize-winner and co-founder of dRMM architects. In addition, Prof. Morgan chairs the Independent Design Panel for High Speed 2, reporting directly to the Secretary of State. She is one of ten commissioners for the National Infrastructure Commission and is also one of the Mayor's Design Advocates for the Greater London Authority.

Prof. Morgan completed an MA at the Royal College of Arts in 1993. She was elected president of the Architectural Association in 2013, was shortlisted for the AJ Woman Architect of the Year award in 2014, and in 2016 she was appointed Professor of Professional Practice at the University of Westminster and awarded an honorary doctorate from London South Bank University.

Peter Williams, Chairman at U+I, said: 

"Sadie is joining U+I at an exciting time for the business as we increasingly focus on delivering our existing pipeline. Her track record speaks for itself, and her breadth of expertise will be invaluable as she holds us to account on our commitments to talent, creativity and community."

Prof. Morgan said:

"I am pleased to be joining U+I's Board. U+I has a very distinctive approach to its projects, founded on a deep sense of responsibility, inclusion, purpose and community, which I share. We are also all deeply committed to design quality. I look forward to helping U+I turn its commitments to PPP into action."

U+I confirms that there are no further details to be disclosed pursuant to LR9.6.13R (1) to (6) in relation to this appointment and that Ms Morgan does not currently hold any shares in the Company.

ENDS

*U+I set out a series of commitments in its PPP - The Reset report, published in November 2018 after a year-long consultation. This includes establishing an independent Community Challenge Panel, a Community Engagement Fund and a Community Profit Share Arrangement.

More details can be found at: https://www.uandiplc.com/news-and-views/uandi-takes-action-to-ensure-its-ppp-schemes-work-for-the-benefit-of-all/

For further information, please contact: 

U+I

Nicola Krafft

+44 (0) 20 7828 4777

ir@uandiplc.com

Camarco (Financial PR Adviser)

Geoffrey Pelham-Lane / Hazel Stevenson / Tom Huddart

+44 (0) 20 3757 4985 / 4989 / 4996

uandi@camarco.co.uk 

About U+I

U+I is a specialist regeneration developer and investor.

With a c.£9.5 billion portfolio of complex, mixed-use, community-focused regeneration projects including a £145.7 million investment portfolio, we are unlocking urban sites bristling with potential in the London City Region (within one hour's commute from Central London), Manchester and Dublin. We exist to create long-term socio-economic benefit for the communities in which we work, delivering sustainable returns to our shareholders.

To find out more, visit www.uandiplc.com or follow us @uandiplc