CEO Succession

Henry Boot PLC

 ('The Company')

CEO Succession

Henry Boot PLC, a company engaged in property investment and development, land promotion and construction, is pleased to announce the board appointment of Tim Roberts as Chief Executive Officer with effect from 1 January 2020. Current Chief Executive Officer, John Sutcliffe, will continue to lead the Company and drive growth initiatives and operating plans until the end of 2019. He will then remain in an advisory position with the Company until the conclusion of the AGM on 21 May 2020, at which point he will retire and step down from the board.

Tim has spent 15 years running British Land's office team as well as developing the strategy for its successful London office business; moving its focus towards more mixed-use campuses and retaining and attracting target customers.

Tim has been responsible for overseeing large scale developments, transactions and lettings such as the joint venture development and the eventual sale of both the Leadenhall Building and 5 Broadgate, as well as major lettings to customers including Facebook, UBS and Dentsu Aegis. He has also led major transactions such as the purchase of Paddington Campus, and the super prime Clarges development site which was not only highly profitable but was fundamental in expanding British Land's London residential business.

As a FTSE 100 board director for the last 13 years, he has had significant listed company, governance and organisational experience, and has managed key relationships with a variety of strategic stakeholders.

Jamie Boot, Chairman said:

"The Board has conducted a rigorous selection process, with an external recruitment partner, during which both internal and external candidates were assessed for the role. We are delighted that this has resulted in the appointment of Tim, who stood out from our list of strong candidates due to his track record of success in property investment and development and his delivery of long-term value creation.

On behalf of the Board, I want to thank John for his dedication, professionalism and personal commitment through his time with Henry Boot and wish him well in his retirement. Under John's leadership, Henry Boot has undergone important and necessary change and is now a stronger group."

Tim Roberts, incoming Chief Executive Officer said:

"I am very excited to be joining such a long-standing, well established business which, over the years, has generated strong financial performance. Henry Boot is in very good shape and I am joining a team that will not only continue to deliver strong returns, but also a business that has the organisational and capital structure to prosper. On a personal note, as a Yorkshireman, I am very happy to be returning to my home city of Sheffield."

John Sutcliffe, incumbent Chief Executive Officer said:

"Since I joined Henry Boot in 2006, we have significantly increased the scale of the business and built a much larger future opportunity portfolio of profitable schemes, and I am proud of the value we have created for all our stakeholders. I have thoroughly enjoyed my time at Henry Boot and, at 61, it is an appropriate time to hand over my responsibilities to Tim, who I am sure will make a great success of the role."

Statutory disclosures

Tim Roberts was a director of The British Land Company Public Limited Company until 31 March 2019. The Company can confirm there is no further information to disclose in respect of Listing Rule 9.6.13. Tim does not have an interest to be disclosed in the Company's shares.

For further information, please contact:

Henry Boot PLC

Amy Oakley, Company Secretary

Tel: 0114 255 5444

www.henryboot.co.uk

Numis Securities Limited

Joint Corporate Broker

Garry Levin

Tel: 020 7260 1000

Peel Hunt LLP

Joint Corporate Broker

Charles Batten

Tel: 020 7418 8900

Hudson Sandler LLP

Financial PR

Nick Lyon/Wendy Baker

Tel: 020 7796 4133

About Henry Boot PLC

Henry Boot PLC (BOOT.L) was established over 130 years ago and is one of the UK's leading and long-standing property investment and development, land promotion and construction companies. Based in Sheffield, the Group is comprised of the following three segments:

Land Promotion:Hallam Land Management Limited

Property Investment & Development: 

Henry Boot Developments Limited, Stonebridge Homes Limited

Construction:

Henry Boot Construction Limited, Banner Plant Limited, Road Link (A69) Limited

The Group possess a high-quality strategic land portfolio, an enviable reputation in the property development market backed by a substantial investment property portfolio and an expanding, jointly owned, house building business. It has a construction specialism in both the public and private sectors, a growing plant hire business, and generates strong cash flows from its PFI contract through Road Link (A69) Limited.

www.henryboot.co.uk