Capital & Counties Properties appoints Jonathan Lane to its Board as Independent Director

– UK, London – Capital & Counties Properties PLC (LON:CAPC) today announced the appointment of Jonathan Lane OBE as an independent Non-executive Director of the Company with effect from 1 March 2019. On appointment, Jonathan will also become a member of the Audit and Nomination Committees.

Andrew Strang will step down from the Audit, Nomination and Remuneration Committees with effect from 1 March 2019. Anthony Steains will join the Remuneration Committee on the same date.

Graeme Gordon has informed the Board that he will not seek re-election at the Company’s forthcoming AGM and will retire from the Board at that date.

Henry Staunton, Chairman of Capital & Counties Properties PLC, commented: “We are delighted to welcome Jonathan Lane to the Board of Capco. He brings a wealth of West End property experience to the Board and we look forward to his contribution as we unlock the potential of Capco and its assets.

We are sorry that Graeme has decided to step down from the Board and thank him for his long and supportive service to the Company, and his wise counsel. He departs with our very best wishes for the future.”

About Jonathan Lane

Jonathan Lane is a chartered surveyor. He was Chief Executive and then Non-executive Chairman of Shaftesbury PLC until September 2016. He is Non-executive Chairman of EasyHotel plc. His current charitable roles include The Royal Botanic Gardens Kew, The National Trust and The Royal Theatrical Support Trust, where he is a trustee.

About Capital & Counties Properties PLC

Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco’s landmark London estates at Covent Garden and Earls Court were valued at £3.3 billion as at 31 December 2018 (Group share). The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.

For more information : https://www.capitalandcounties.com

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