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Liberty International Plc - Appointment Of Directors
Release Date: 07/02/2005 16:56:02 Code(s): LBT
LIBERTY INTERNATIONAL PLC - APPOINTMENT OF DIRECTORS
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILII
7 February 2005
LIBERTY INTERNATIONAL PLC
APPOINTMENT OF DIRECTORS
Liberty International PLC (`Liberty International`) today announces the Board
appointment of two executive directors, Kay Chaldecott and Richard Cable, and
two non-executive directors, Sir Robert Finch and Ian Henderson.
Kay Chaldecott and Richard Cable have 20 and 17 years experience with the group
and are respectively asset management director and development director of
Capital Shopping Centres (`CSC`), having been appointed to the CSC Board in
2000. They have spent their working careers with the group, are both steeped in
the regional shopping centre industry and have an enormous contribution to make
as executive directors to the group`s continued expansion.
Sir Robert Finch is the immediate past Lord Mayor of London and former head of
the property department at leading City law firm, Linklaters, where he remains a
partner.
Ian Henderson, CBE, is the former chief executive of the UK`s largest property
company, Land Securities Group PLC.
Donald Gordon, Chairman, commented: `We are delighted to be able to announce
simultaneously both a significant strengthening of our executive management team
under David Fischel, Chief Executive, and the addition to our Board as non-
executives of two such respected practitioners in the UK property industry as
Sir Robert Finch and Ian Henderson, who bring vast expertise and broad
understanding of the property industry, its participants and the wider City of
London.
My intention remains to retire as Chairman at the end of June 2005 when I reach
my 75th birthday but I look forward to continuing my association with the
company, in which my family has a substantial 22 per cent shareholding, as the
Board has invited me to accept the appointment of President for Life on my
retirement and to act in an advisory capacity. We anticipate announcing my
successor as Chairman in the second quarter of 2005, sufficiently far in advance
of my retirement to ensure an orderly handover.`
Sir Robert Finch has an interest in 5,712 ordinary shares of Liberty
International PLC. Kay Chaldecott has an interest in 2,375 ordinary shares of
Liberty International PLC. In addition, a total of 17,189 shares are held on her
behalf under the Company`s employee share schemes, and she also has outstanding
options over 199,141 ordinary shares. A total of 17,034 shares are held on
behalf of Richard Cable under the Company`s employee share schemes, and he has
outstanding options over 199,141 ordinary shares.
There is no additional information regarding any of the four new directors which
falls to be disclosed under the UKLA Listing Rules.
Additional biographical details on the four directors and details of the
composition of Liberty International`s Board are attached to this press release.
Enquiries
Liberty International PLC
David Fischel Chief Executive +44 (0)20 7960 1207
Public Relations:
UK: Michael Sandler Hudson Sandler +44 (0)20 7796 4133
SA: Matthew Gregorowski (UK) College Hill Associates +44 (0)20 7457 2020
Nicholas Williams (SA) College Hill Associates +27 (0)11 447 3030
Further Information
Biographical details of the four directors
Kay Chaldecott, MRICS, (42) is the director responsible for asset management of
the nine shopping centres in Capital Shopping Centres` portfolio. Kay has an in
depth knowledge of the shopping centre industry. She joined Capital & Counties
in 1984, transferring to Capital Shopping Centres on flotation in 1994. She
initially had responsibility for the centres in the south east of England, but
in 2000 became a director of Capital Shopping Centres and took overall
responsibility for the management and letting of the whole portfolio. She has
had an input into the development and refurbishment of many of the company`s
schemes, including the development of the most recently opened centre, The
Chimes, Uxbridge, and refurbishment of our flagship centre Lakeside.
Richard Cable, MRICS, (45) joined the group in 1988 and was appointed a director
of Capital Shopping Centres in 2000. He is responsible for the company`s
extensive development programme which includes proposals for Cardiff, Oxford and
Norwich as well as Braehead Phase 2, and led the recently successfully completed
New Red Mall at MetroCentre. Richard is also a board member of the British
Council of Shopping Centres.
Sir Robert Finch (60) qualified as a solicitor in 1969 when he joined Linklaters
and was elected a partner in 1974 and head of Real Estate in 1997 until he
stepped down to assume civic appointment (ending in November 2004). He was
elected Alderman of the City of London in 1992, Sheriff in 1999 and served as
Lord Mayor of London in 2003/4. Amongst other positions, he was appointed a
Church Commissioner in 2000. He was appointed Knight Bachelor in the New Year`s
Honours List 2004/5 for services to the City of London.
Ian Henderson CBE (61) was Chief Executive of Land Securities Group PLC from
December 1997 until July 2004, having joined the company in 1971 and been
appointed to the Board in 1987. He has been widely involved in industry
matters, including being a Past President of the British Property Federation,
and, amongst other appointments, is Vice-Chairman of the Board of Management of
Central and Cecil Housing Trust.
Liberty International Board Composition
Following these appointments, Liberty International`s Board, which is chaired by
Donald Gordon, has 6 executive directors, David Fischel (Chief Executive), Aidan
Smith (Finance Director), John Abel (Managing Director, CSC), John Saggers
(Managing Director, Capital & Counties), Kay Chaldecott and Richard Cable, and 9
non-executives, David Bramson, Robin Buchanan, Patrick Burgess, Sir Robert
Finch, Graeme Gordon, Ian Henderson, Lesley James, Michael Rapp and Rob Rowley.
This announcement includes statements that are forward-looking in nature.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
Liberty International PLC to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Any information contained in this announcement on the price at
which shares or other securities in Liberty International PLC have been bought
or sold in the past, or on the yield on such shares or other securities, should
not be relied upon as a guide to future performance.
