Impact Healthcare REIT PLC has announced the appointment of Cedi Frederick as an independent Non-Executive Director, effective from 1 April 2024. Frederick brings over 40 years of experience in senior management, chief executive, and board member positions in the healthcare and housing sectors. He currently holds various leadership roles and is the owner and Managing Director of Article Consulting Ltd. Additionally, Philip Hall has announced his intention to retire as a Non-Executive Director at the Company's AGM on 21 May 2024.
Simon Laffin, Chair of Impact Healthcare REIT PLC, expressed his delight in welcoming Cedi Frederick to the Board, highlighting the company's aim to strengthen the Board's experience in the broader healthcare arena. Laffin also extended his gratitude to Philip Hall for his significant contribution to the company over the last seven years.
The company's dividend policy aims to maintain a progressive dividend covered by adjusted earnings. The target total dividend for the year ending 31 December 2024 is 6.95 pence per share, representing an increase over the previous year. Impact Healthcare REIT PLC acquires, renovates, extends, and redevelops high-quality healthcare real estate assets in the UK, providing shareholders with an attractive sustainable return, primarily through quarterly income distributions and potential for capital and income growth.
The Group's Ordinary Shares trade on the main market of the London Stock Exchange, premium segment, and the company is a constituent of the FTSE EPRA/NAREIT index. For further information, interested parties can visit the company's website at www.impactreit.uk.
This update provides insight into the recent board changes and the company's dividend policy, reflecting Impact Healthcare REIT PLC's commitment to enhancing its leadership team and delivering sustainable returns to its shareholders.