Appointment of non-executive director
Residential Secure Income plc ("ReSI" or the "Company") (LSE: RESI), which invests in residential asset classes that comprise the stock of UK social housing providers, is pleased to announce the appointment of Mike Emmerich as a non-executive director of the Company, with effect from 13 September 2018.
Mike brings considerable experience in urban development to the Board, with over 20 years of experience in delivering strategies for planning, housing, environment and innovation. As the Founding Director of Metro Dynamics, a specialized consultancy for city authorities, Mike plays a central role on many major city projects including the devolution deals in the West Midlands and North East which give more local responsibility for housing and infrastructure. He also provides support for the Metro Mayor in Liverpool and advises the Cambridge and Peterborough Independent Economic Review.
Prior to setting up Metro Dynamics in 2015, Mike was the Chief Executive of New Economy Manchester which delivers policy, strategy and research for Greater Manchester. Working with local authorities and private and public sector partners, Mike led New Economy in aiming to understand, influence, and innovate, creating a better economy for the conurbation. In his nine years in this role, Mike played a pivotal role in the Manchester devolution deals.
Mike's other previous roles include Senior Policy Adviser on social and economic development in the Prime Minister's Policy Unit and Policy Adviser to HM Treasury.
Rob Whiteman, Non-executive Chairman of ReSI, commented: "Mike joins ReSI at an exciting time for the Company as we have now invested £215 million of capital on assembling a high quality portfolio which comprises 2,414 residential units, delivering value and income return for our shareholders. Mike's experience and skills are highly relevant to developing new investment routes for our business and we look forward to the contribution that he will make as a member of the Board, as we continue to drive our strategy."
There are no other matters to disclose in respect of Mike Emmerich pursuant to paragraph 9.6.13R of the UKLA's Listing Rules.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ReSI Capital Management Limited / TradeRisks Limited +44 (0) 20 7382 0900
Jefferies International Limited +44 (0) 20 7029 8000
FTI Consulting +44 (0) 20 3727 1000
Richard Sunderland Email: email@example.com