| Tue 7 Jul 2009, 14:55 | | LBT - Liberty International Plc - Announcement |
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LBT
LILII
LBT - Liberty International Plc - Announcement
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI I
LIBERTY INTERNATIONAL PLC
Liberty International PLC ("Liberty International") announced at its Annual
General Meeting today that it has appointed two non-executive Directors, Mr
Andrew Strang and Mr Andrew Huntley. Both appointments will be effective from
Wednesday 8 July 2009.
Andrew Strang, 56, was the Chairman of Threadneedle Property Investments Limited
until April 2009. He is a Consultant to Hermes Real Estate; a member of the
British Property Federation and a Member of the Property Panel of the
Association of British Insurers. He is a Chartered Surveyor having started his
career with Richard Ellis thirty years ago.
Andrew Huntley, 70, is also a Chartered Surveyor whose career with Richard Ellis
commenced some 40 years ago. He was Chairman of Richard Ellis in 1993 until
2002. He was a non-executive director at Pillar Property plc from 2000-2005 and
is currently non-executive Chairman of Panceltica Holdings Limited and a non-
executive Director of Catella Property Group, Miller Group Limited and The Real
Office Group Limited.
Mr Strang and Mr Huntley have each confirmed that there is no further
information to be disclosed in accordance with Listing Rule 9.6.13.
The appointments have been made with Corporate Governance and succession
planning in mind. Michael Rapp, who is the Chairman of the Group`s Investment
Committee, has informed the Board that he wishes to step down at the 2010 Annual
General Meeting. Both new non-executive Directors are independent, both will be
appointed to the Investment Committee and Andrew Strang will be appointed to the
Audit Committee. Their appointments will ensure that Liberty International
meets the Combined Code on Corporate Governance in respect of both the balance
of independent and non-independent directors on the board and the composition of
the Audit Committee, which will comprise three independent non-executive
directors when Andrew Strang is appointed to that Committee.
It was also announced that Graeme Gordon has appointed Raymond Fine, South
African chartered accountant, as an Alternate Director, with effect from 8 July
2009.
The Chairman of Liberty International, Patrick Burgess, said: "Michael Rapp will
be greatly missed by the Board when he steps down in 2010 as his contribution to
the Board has been outstanding. We are pleased to welcome Andrew Strang and
Andrew Huntley to the group; both have a distinguished background in property
and a wealth of experience to bring to the Board. In addition, the appointments
will ensure that Liberty International complies fully with the Combined Code on
Corporate Governance. We are also pleased to welcome Raymond Fine as an
Alternate Director to Graeme Gordon."
Enquiries:
Patrick Burgess, Chairman 020 7960 1200
Michael Sandler, Hudson Sandler 020 7796 4133
7 July 2009
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 07/07/2009 14:55:01 Produced by the JSE SENS Department.
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